Norwood’s big spend

December 30, 2008

How Norwood spent £35 million in the financial year to March 2008 is detailed in the welfare charity’s newly released annual review.

The vast majority — £31.68 million — went on running its services. The remainder was used for raising funds (£2.58 million) and management (£742,000).

Over £15 million was spent on providing adult services at the Ravenswood Village in Berkshire, close on £8 million on learning disability support in London, £6 million on special education services, £2.28 million on children and family provision and £470,000 on fostering and adoption.

Norwood’s £39 million income was comprised of £23.5 million from government and local authorities, £10.45 million from fundraising, £2.55 million from special donations, £553,000 from investments and £2 million from “selling things we didn’t need any more”. Money had been put aside towards new buildings (£2.6 million) and savings and investments (£1.18 million), described as a useful buffer at a time of economic downturn.

The charity also puts a price on its 700 volunteers, who help care for clients, provide office assistance, staff Norwood shops and plan events. It estimates that if it had paid them, the outlay would have been £330,000.

Last updated: 3:06pm, December 30 2008