Financial review 2008/09

Income

Total annual income rose by 9% to £43.8 million.

How your £1 was spent in 2008/09

Fundraising and governance 21p, charitable objectives 79p, as illustrated below:

Expenditure

Total expenditure in 2008/09 was £46.9 million, of which £36.9 million was spent on our charitable objectives, an increase of 35% from the previous year.

The challenging global economy impacted on the cost of expenditure in the countries WaterAid works in. Some countries saw a 29% increase in costs from the beginning of the financial year.

The growth in support costs reflected the aims set for 2008/09 to invest in management and leadership development and in improving management information systems and management technology.

Support costs grew by 42% from £2.6 million in 2007/08 to £3.7 million in 2008/09. The cost of generating funds as a percentage of total expenditure improved to 21% in 2008/09 from 22% in 2007/08.

The financial statements were approved by the Board of Trustees on 3 September 2009 and signed on its behalf by:

Jeremy Pelczer, Chairman		Hugh Belshaw, Trustee

This information, contained within the main annual report, is also available to download at www.wateraid.org/annualreport.

For paper copies, printed on recycled paper, email supportercare@wateraid.org or call 020 7793 4594.