As a charity inspired by Buddhist values, we place great importance on showing our true fundraising costs and exactly how precious funds are used.
In this section we have the accounts summaries for the past few years so that you can see where your money goes.
Karuna Annual Review 2017-18
Our Impact in the field 2017 - 18
Amid both the economic uncertainty over Brexit and the declining public confidence in overseas development charities, we are grateful that we have seen an increase in support of our work.
In 2017-18 our total income increased by 2% on the previous year to £1.79m. 84% of this income is from individuals: largely giving by regular direct debit. This helps enormously in creating sustainability for both the charity and our partners.
We are grateful to the Grant-Giving Trusts which this year increased their giving by 17.5% on the previous year to £261,202.
We continue to seek to extend the scope of our work in India and Nepal through applications to institutional funders such as DFID, BMZ (Government of Germany) and the EU. This remains a very competitive area, with many NGOs competing for small numbers of grants. Success with one of these applications would enablethe expansion of existing projects, allowing us to reach even more beneficaries across a number of states or regions.
During the year we gratefully received £13,845 in legacy gifts. We were also encouraged by the positive response to our recent mailing, in which we asked supporters to consider gifts of this kind.
Over the year, we successfully increased our programme expenditure by 4% on the previous year to £1,218,417. This enabled us to make grants to fund 40 partner organisations, funding a total of 72 projects, benefiting 75,000 people directly, and a further 537,000 indirectly. We were able to do this partly by drawing £126,720 on our reserves.
The charity scandals bring home the importance of strong governance and effective management and systems. Our aim is to continue to ensure as much income as possible gets to the frontline, whilst investing to maintain the integrity and sustainability of the charity.