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Finance
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Annual Review 2006/07
Treasurer's report
One Parent Families exists to improve conditions for lone parents and their families through campaigning and policy influence, and the delivery of various services targeted at lone parent families. During the year, we received support and funding from individuals and corporate organisations through grants, contracts, sales and donations. We continued to invest in the development of new services.
Total income for the year was £2,093,421, an increase of 17 per cent over the previous year's income. Various supporters and members contributed voluntary income of £421,601 making up 20 per cent of total income. This is comprised of £20,000 DfES (now the Department for Children, Schools and Families) grant funding towards core costs, £300,000 from J.K. Rowling's Volant Trust and £101,601 from other individuals, trusts and corporations. We express our sincere gratitude to our donors and supporters.
Our training and consultancy services generated 37 per cent of total income. This includes statutory funding, as well as funding from Marks & Spencer and Barclaycard towards our employability and training programmes. We also received funding from the Nuffield Foundation towards our research and policy activities which generated 7 per cent of total income.
Investment income was 1 per cent of total income while fundraising activities generated another 1 per cent.
Information and advice services generated 34 per cent of total income which includes the third year of five-year grant funding from The Royal Bank of Scotland Group and further grant funding from the DfES Parenting Fund and the Links Foundation towards the costs of running the Lone Parent Helpline. We secured new funding for three years from The Rayne Foundation towards the FamilySafe project. We also secured funding from the True Colours Trust and the Freemasons' Grand Charity towards the Disabled Child project. The DfES provided further funding to support the Signposter service.
The total expenditure for the year was £2,117,933. Forty-nine per cent of this was expended in providing information and advice services to lone parents and their families, 31 per cent on delivering training and consultancy services and 11 per cent on research and policy activities. Time and resources invested in generating funds was 8 per cent of total costs and this includes the cost of activities invested in generating new income for future years. One per cent of total expenditure was on governance of the charity.
Total reserves at 31 March 2007 were £405,298, of which unrestricted reserves were £149,487.
Duncan Smith, Treasurer
Statement by the trustees
These summarised statements are an extract from the full statutory accounts which were approved by the Board of Trustees on 10 September 2007. The full accounts have been audited and given an unqualified opinion and copies have been submitted to the Charity Commission and Companies House. Further information including the full accounts and the auditors' report can be obtained from One Parent Families.
Suzanna Taverne, Chair
Independent Auditors' statement to the Trustees of National Council for One Parent Families
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