Our financial position I


n a year of recession and slow recovery, the DofE has had to adapt to a tougher funding environment. Ironically, it is in times like these that our work is needed the most, helping boost young


people’s chances of getting a job, or simply giving them a first taste of achievement.


The economic climate has unfortunately led to a slight fall in income from companies and individuals. However, the fact that we have not been affected more seriously is testament to the generosity and loyalty of our supporters, who have stuck with us during these leaner times.


£250k £272k £439k £2,170k £682k


Net income £6,709,000


£2,896k


Donations, grants and events Sales of literature and other merchandise Licence income Operational income Investment income Taken from the Charity’s reserves


In order to meet this shortfall, our Trustees had no option but to draw on our reserves in order to fulfil our commitments to our partner organisations, and crucially to continue offering young people the opportunity of a brighter future.


Encouragingly, the Trustees have also been able to draw on our increased commercial income to meet some of the shortfall. Indeed, our enduring popularity amongst young people means that 2010 saw a boost to participation and the sale of resources and merchandise.


South Ayrshire’s YDance Group performing at a Scottish Parliament reception for the DofE. 24 The Duke of Edinburgh’s Award – Annual Review of 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  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32