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Financial reviewFinancial summary 2002 - 2003The information on this page is a summary of WaterAid’s income and expenditure for the year ended 31 March 2003. Accounts 2002 - 2003 ( This year saw WaterAid’s biggest ever increase in income, from £11.0 million in 2001/2 to £17.1 million in 2002/3. All our usual sources of funding increased, and funds were boosted further by the BBC Blue Peter and the Guardian/Observer appeals which together brought in a further £1.7 million. The Council has approved an ambitious plan to significantly scale up the growth of the international programmes over the next three years. They expect projected programme growth will lead to a growth in total expenditure from £12.2 million in 2002/3 to £20.7 million in 2005/6. This growth plan has led the Council to review the reserves policy. The Trustees have decided that it is appropriate to maintain a level of total reserves within a range of plus or minus 25% of six months projected expenditure three years ahead, excluding restricted expenditure. Based on the projected expenditure for 2005/06 the desired range is £6.3m to £10.4m. At the year end the total reserves held were £9.5m. David Luffrum
These summarised accounts may not contain sufficient information to allow for a full understanding of the financial affairs of the charity. For further information the full annual financial statements, the auditors’ report on those financial statements and the Trustees’ annual report should be consulted. Copies can be obtained WaterAid's head office at the address below. WaterAid acknowledges with thanks our two grants for India and Ethiopia of £294,133 and £131,266 respectively from The Community Fund (formerly the National Lottery Charities Board). Secretary: Jehangir Ghandhi
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