32
Annual Report and Financial Statements 2015–16
Financial Review
Financial highlights 2015–2016
A positive year, financially, with our year-end finances being better than budget.
Expenditure:
£38.9m
Income:
£38.4m
Fundraising
income:
£13.2m
For every
pound we spent,
10 pence was spent
on fundraising
Commercial income continued
to prove challenging with a
net loss of £0.32m.
The business operating model
has been reviewed, identifying
challenges and potential future
opportunities, resulting in a
new three-year business plan
We effectively
managed our
expenditure
to ensure we
achieved our
net budget
Our new fundraising
database,
Raiser’s Edge, has
helped us improve
our relationships
with our supporters
and streamline our
internal systems