The charts below give an overview of the income and expenditure for the Wallich for the year ended 31st March 2011.

Value

Where The Wallich's money comes from:


Welsh Assembly Government Grants 69.0%
Rent and Service Charges 27.5%
Grants and Donations 2.3%
Other 1.2%

How we invest the money in our services:


Direct Service Provision 90.2%
Management, Administration and Governance 9.0%
Costs of Generating Funds Income 0.5%
Fundraising Costs 0.3%

Once again, our services expanded during the year and this resulted in over 4,000 individuals making use of the services that we provide. New projects opened include The GIFT Floating Support Project in Denbighshire, a specialist Substance Misuse Project in Blaenau Gwent, the Ty Bont Support Project in Newtown and an expansion of the Clos Sant Paul Project in Carmarthenshire.

This resulted in an income of £8.77m which was an increase of 4.4% over the previous year.

Staff are our main resource and during the year, an organisation wide pay review was carried out by external consultants. We were able to implement the recommendations and the additional cost of this together with the cost of new staff for the projects above resulted in an increase of 11% to our wages cost.

As a result of the above, our costs increased in total by 10.6% to just under £8.5m which left a surplus for the year of £276k (2010 = £723k).

There continues to be uncertainty regarding our future funding. Along with other support providers, we are continually looking at our cost base and introducing new ways of staffing our existing and future projects. In all these efforts, our primary motivation is to continue to offer the best service and accommodation possible to those who have need of them.

Copies of the full 2011 accounts can be downloaded here Download PDF

Or obtained from:
The Company Secretary
The Wallich Centre
Cathedral Road
Cardiff CF11 9JF