The numbers: The CTC Charitable Trust

The CTC Charitable Trust is the charitable arm of the CTC, the national organisation for cyclists.

Total income: £1.1m for the year ending 30 September 2006, the first full year of operations.

Highest salary: No employee earned more than £60,000.

Reserves policy: Because it is only two years old, the charity is following the financial policies and strategies of the CTC, and has yet to decide on policies such as reserves targets.

Fundraising costs: The charity spent £155,000 on generating voluntary income, which totalled £384,000. This gives it a fundraising ratio of 40p in the pound. There is no equivalent figure for the previous year, because the trust did not exist as an independent organisation.

Pension: The charity operates a defined-contribution pension scheme. It matches contributions by employees up to a maximum of 5 per cent of salary.

How performance is communicated: The trustees' report and accounts, which are available on the website (, give a clear description about the formation of the charity and its links to the CTC. There is an annual review, also available on the website, which describes performance and strategy. It highlights future objectives in areas such as broadening the appeal of cycling to new groups. There is also a report on the website outlining the CTC's strategic plans for the coming years.

The charity says: "This was the first full year of operation for the charity, which receives funding from CTC as well as direct donations, grant income and income from service contracts. In the past year, the charity moved to purpose-built premises in Guildford. The strength of CTC's cash position, with the build-up of surpluses in the past three years and members' donations, meant that the entire move could be funded without resorting to borrowing."


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