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.