Finance Performance

Principal funding continues to come from Grants, Appeals, Fundraising and Legacies. Incoming resources for the year ended 31 March 2011 from all areas totalled £2,480,566 compared with £2,517,528 in the previous year. These funds were used to meet the aims of the charity with rehab services and services for the visually impaired being the largest cost at £1,512,434 for the year (£1,565,182 in 09/10). Total resources expended from all areas were £2,620,217 for the year compared with £2,787,506 in the previous year. This leaves net outgoing resources at the end of the year before gains on investments of £139,651 compared to net outgoing resources of £269,978 in the previous year. The improvement is the result of high club costs in the previous year associated with clubs leaving KAB as well as a reduction of other costs including overheads as a result of the restructure.

Support cost have fallen by £58,372 to £301,341 in 2010/11 as a result of reduced professional fees which were incurred in the previous year for the revision of the constitution and work surrounding the clubs. Establishment and other costs have also fallen as a result of the restructure.