Summarised financial statements
Page 17
This page contains a summary of the full financial statements, on pages 45 to 58 of this report. The summary gives a breakdown of the sources of the Foundation's income this year, in comparison to last year, and how we spent that money. It also outlines our assets, investments and any liabilities, and shows how the Foundation manages to meet the demand for services, as well as plan financially for the future.
Statement of Financial Performance and Movements in Equity |
Group 2007 $000 |
Group 2006 $000 |
|---|---|---|
Income |
||
|
Service contracts |
7,454 |
7,111 |
|
Donations and legacies |
20,961 |
15,357 |
|
Less cost of fundraising |
(4,227) |
(4,340) |
|
Property income |
3,563 |
3,522 |
|
Investment income |
411 |
624 |
|
Other income |
728 |
897 |
|
Net income for programmes |
28,890 |
23,171 |
Expenditure |
||
|
Supporting independent living |
11,927 |
11,104 |
|
Supporting access to information and culture |
5,664 |
5,512 |
|
Teaching technology skills, increasing employment and awareness |
1,873 |
1,612 |
|
Assuring quality of services |
297 |
314 |
|
Research, public relations and communications |
649 |
696 |
|
Grants to special interest groups |
831 |
906 |
|
Governance |
211 |
177 |
|
Other expenditure |
933 |
1,000 |
|
Total expenditure on programmes |
22,385 |
21,321 |
|
Surplus from operations |
$6,505 |
$1,850 |
|
Revaluation of property investment |
6,706 |
3,747 |
|
Net movement in equity |
$13,211 |
$5,597 |
Income
Expenditure
Statement of Financial Position |
Group 2007 $000 |
Group 2006 $000 |
|---|---|---|
|
Current assets |
9,174 |
4,348 |
|
Investments |
71,332 |
63,720 |
|
Fixed and other long term assets |
11,821 |
12,770 |
|
Subtotal |
92,327 |
80,838 |
|
External borrowings |
1,000 |
3,000 |
|
Other liabilities |
2,964 |
2,686 |
|
Net assets |
$88,363 |
$75,152 |
|
These assets are held for: |
||
|
Restricted purposes designated by donors |
5,509 |
4,334 |
|
Special purposes designated by the Board |
9,612 |
5,080 |
|
Capital |
52,120 |
46,348 |
|
Endowed Capital Funds |
21,122 |
19,390 |
|
Total Equity |
$88,363 |
$75,152 |