Summary


The summarised Statement of Financial Activities on page 19 shows Homeless International’s income (incoming resources) and expenditure (resources expended) for 2010/11. In addition, the charts below show income by source and expenditure by activity. The net incoming/ (outgoing) resources line shows that income exceeded expenditure by £447k; this is largely the result of grants received during the year carried forward into the following year.


Voluntary income fell by 17 per cent compared to the previous year but can be considered to have risen by


47 per cent if we exclude the unexpected legacy income of £90k received in 2009/10. This increase was mainly a result of more volunteer fundraising on our behalf. The activities for generating funds income also increased by more than 50 per cent because of a higher number of participants on our Tanzania Community Challenge than on our previous overseas challenge event.


It was another successful year for our international work, with international programmes grants reaching record levels for the second time in three years. CLIFF grants were lower than in


2009/10, largely because of the time taken to secure new agreements and funding for the new phase. We were able to provide a loan under our Africa Bond finance facility for the first time to a new partner in Kenya. Successful fundraising meant we ended the year with increased levels of unrestricted funds, placing us in a strong position for the year ahead.


Spending


by activity 2010/11


59% - International grants 31% - CLIFF, Guarantee Fund and Africa Bond 5% - Fundraising 2% - Raising awareness of global urban poverty in the UK 2% - Governance costs <1% - Research and technical assistance <1% - Internal capacity building


Income


by source 2010/11


39% - CLIFF grants 39% - Trusts and foundations 13% - Governments and government agencies 9% - Individuals and housing associations <1% - Investment income <1% - Other sources


Figures are rounded annual review 2011 18


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