18


Summary Financial Information


For the year ended 31 March 2010 Financial overview


In spite of the challenges posed in 2009/2010 by the UK’s economic climate Helen & Douglas House succeeded in generating income of £7,213k (inclusive of retail sales). This represented an overall increase of 35% on the results for the previous year. Voluntary income increased by 26% to £3,374k and income from retailing increased by 81% to £2,752k. The uplift in retailing income was due to the opening of six additional shops during the year and the maturing sales-profiles of those shops that were established in previous years. At the year end the charity was operating 28 shops


Costs related to retail activities amounted to £2,766k, an increase of 46% on the previous year. The charity’s trustees recognise the effect of the lag between investing in shops and their profitability. The openings of three shops are planned for 2010/2011. Financial projections suggest that the charity’s network of shops will generate substantial, sustainable net profit from 2010/2011.


Expenditure on the provision of hospice care and family support amounted to £4,289k, an increase of 6% on the previous year. This enabled the charity to provide 3,458 overnight stays for 245 families at either Helen House or Douglas House, practical help and counselling to families in their own homes and specialist bereavement care to 72 families after the death of their much-loved children.


In line with its long-term financial plan the charity used financial reserves accumulated from previous years’ activities to fund total net expenditure of £1,086k. Reserves will continue to be used to fund projected deficits for 2010/2011 and 2011/2012. In the same period plans to expand and diversify fundraising activities will be progressed with the aim of generating a sustainable flow of annual income that meets annual operating costs in full by 2012/2013.


Incoming resources Gifts and Donations Legacies


Sales of Goods Investment income


NHS and Local Authority income Total incoming resources


Resources expended Hospice care & family support Fundraising costs


Shop operating costs Governance costs


Total resources expended Net outgoing resources


Gains (+) /Losses (-) on investments Net movement in funds for the year


Income and Expenditure Year ended 31st March


Statement of Financial Activities


2010 £000


2,886 488


2,752 385 702


7,213


4,289 1,192 2,766 52


8,299 -1,086 1,362 276


2009 £000


2,354 325


1,523 553 569


5,324


4,046 1,352 1,895 42


7,335 -2,011 -2,636 -4,647


Helen & Douglas House Playing our part Annual Review 2009/2010


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20