The Charity was formed in November 2003, and In the first few years, we started to find our way, and develop our systems. Serious fundraising only began in 2007, as we became more widely known, and applications began to increase rapidly. This is shown in the first graph below.
We make no predictions about where we might be going next, everything depends on our supporters, the funds raised, and the extent of applications for help we receive that comply with our grant criteria (the details of which are on the Contacts & Grant Applications page).
During 2014, 58 grants totalling £59,283 were completed. With several pending, and with a further increase in our fundraising, it gave us an opportunity to rebuild the reserves for 2015. 2014 also marked the year we exceeded 250 grants, and more than £250,000 granted.
2015 began with the expected rapid increase in activity, and even with additional fundraising, our reserves were soon severely depleted. A substantial legacy received during the year, made a dramatic difference, allowing us to continue our work, and we completed the year having made 63 grants at a cost of £87,270. This was an expansion of 47% over 2014, and meant that we have grown by 43% per annum compound over the last nine years.
In just over 12 years since inception, we have completed 320 grants, at a cost of £353,000, and managed it all with zero expenditure on administration costs.
While the reserves have increased significantly, at the current rate of expansion we would anticipate that they are sufficient for only around 7 months work, and considerable additional fundraising will be required. With no expenditure on marketing, our level of activity will depend on the needs of the groups that use our services regularly, and how frequently we are "found" by new users. We would hope to stabilise our income, and see some reduction in recent growth, in order that we can continue to fund every application that is in accordance with our grant criteria. No doubt it will be the usual challenge as the year progreses.