Focus: Finance and Governance - The Numbers - The Treloar Trust

Patrick McCurry

The trust provides residential education to disabled young people.

Total income: £17.8m (up from £17.2m in 2004).

Highest salary: One employee was paid between £80,000 and £90,000.

Reserves policy: The charity aims to hold free reserves equivalent to between seven and nine months' charitable spending, to create a buffer in case of a sudden reduction in student numbers and to allow for investment fluctuations. At year end, the general reserve was £7.5m, equivalent to five months' spending.

Fundraising costs: The charity raised £1.38m in voluntary income (including legacies) and its fundraising costs were £321,000, giving it a fundraising ratio of 23p in the pound. The previous year's ratio, when voluntary income was significantly higher, was 14 per cent.

How performance is communicated: The charity highlights a "very good" Ofsted report and the awarding of Beacon status from the Department for Education and Science. It would be helpful if the Ofsted and Beacon reports were available on the charity's website, but they are not, although the annual review is there. The annual review and financial statements give a reasonable overview of the charity's work and the website (www.treloar.org.uk) has a lot of information, although presentation could be better.

The charity says: "The number of students at the school and college fell from a high of 321 to 314 during the year, because of factors including the placement of several students in their long-term accommodation. The increasing complexity of students' needs led to higher funding, and fee income rose by 5.5 per cent. We are planning a major fundraising campaign to mark our centenary, with most of the money raised going on capital projects, including new residential accommodation, classrooms and a student common room."

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