Voluntary Income
- Legacies – legacy income reflects the gross amount of legacies received or receivable within the period
- Subscriptions – regular giving
- Donations – money given with no direct benefit to the donor
- Public Grants – public bodies for this purpose include local government, government and supranational organisations and agencies where the income is not for the provision of services
- Arts Council / Lottery – grants received from the Arts Council, the Regional Arts Boards and the Lottery where the income is not for provision of services
- Connected – money transferred from associated organisations (often global organisations)
Activities for Generating Funds
- Events – income generated from an organised activity
- Lotteries / Sponsorships –income from running lotteries or from sponsorship fees (not National Lottery)
- Merchandising – income from trading subsidiaries, shops and donated goods
- Other Activities – this income is made up of fundraising events such as jumble sales, firework displays and concerts (which are legally considered to be trading activities); sponsorships and social lotteries which cannot be considered as pure donations; providing services other than for the benefit of the charity’s beneficiaries
Investment Income
- Rent – money received from letting out property
- Bank Interest – money from cash investments
- Dividends – money from investment assets
Charitable Activities
- Charitable Activity – these are fees and charges which cover income in recognition, or part recognition, of goods and services provided by the charity. This category would include such items as accommodation charges, museum entrance charges, sales of publications, subscriptions received by professional bodies etc. They also include grants for the provision of services from public bodies.
- Charitable Contracts – money generated from charitable activities usually from government, local authority or the EU
Other
- Sale of Assets – the income received from the sale of assets
- Other Income – any other income
Total Income
- Total Income – sum of all the above
Fundraising Costs
- Fundraising Costs – this includes all advertising and promotional costs, including publicity materials incurred in connection with fundraising. They are the total incurred costs relating to total voluntary income
Costs of Generating Funds
This includes costs relating to events, sponsorship and lotteries, sale of donated goods, merchandising and charity shops
- Events – costs associated with an organised activity to generate income
- Lotteries / Sponsorships – cost of organising and running lotteries and sponsorship events
- Merchandising – costs associated with trading subsidiaries, shops and donated goods
Investment Costs
- Property Costs – cost of maintaining investment property
- Investment Management – cost incurred from retaining the services of an Investment Management firm in order to maximise return on investment
Charitable Expenditure
- Grants Made – these are grants and awards of money, goods and other resources made to other charities or third parties in accordance with the charity’s aims. For this purpose a grant or award includes equipment or other goods supplied directly or indirectly to the beneficiaries of the charity
- Charitable Expenditure – these costs encompass expenditure incurred in providing charitable services connected with the aims of the charity
- Support Costs – costs that are indirect to the charitable activity, e.g. heating, lighting etc.
Governance
- Governance – the governance of the charity (until SORP 2005, management and administration costs preceded governance. These costs were significantly higher than governance costs and this is reflected in the earlier periods of any financial tables)
Other
- Asset Loss – losses in the sale of assets
- Other Expenditure – any other unusual costs of the charity
Total Expenditure
- Total Expenditure – sum of all the above costs
Intangibles
- Intangibles – non-physical assets
Fixed Assets
- Buildings – freehold and leasehold land and buildings have been stated at book amount, net of any depreciation and amortisation and exclude investment properties
- Other Fixed Assets – this includes vehicles, equipment and other fixed assets net of depreciation
- Heritage Assets – cultural assets
- Listed – investments in equities, fixed interest, bonds, alternatives
- Property – investment property
- Cash – cash in bank to generate income
Current Assets
- Stocks / Debtors – debtors includes non-interest bearing loans with less than one year to maturity. Where a charity accrues dividend income, debtors may also include the sum dividend element of its investment valuation
- Investments – investments in equities, fixed interest, bonds, alternatives that are not included in Fixed Assets
- Cash – this includes all cash and near cash items including certificates of deposit and term deposits with less than one year to maturity
Liabilities
- Creditors – creditors include any obligations in respect of funds held on behalf or to the order of third parties and deferred income and grants received in advance
- Borrowings – borrowings include bank borrowings and other loans. Advances in respect of future covenant obligations are not treated as borrowings but included under creditors
Funds
- Endowments – the amount for permanent endowment is intended to represent the net book amount of assets held by the charity
- Restricted – these represent funds whose disposition is restricted by conditions imposed by the donor, the basis upon which they were collected or for some other reason
- Designated – funds designated for specific purposes by the trustees
- General – funds available to the trustees to meet the general purposes of the charity
- Pension Reserve – the disclosure of the pension fund
