Rating reports
Key data
| Income | £0.6m |
| Programme ratio | 92% |
| Admin. expenses ratio | 6% |
| Fundraising efficiency | 2p |
Output
>70,000 beneficiaries provided medication, housing, education, counselling and income generating opportunities
Reports
- Afghan Connection
- Africa Educational Trust
- Africa Now
- African Initiatives
- AfriKids
- Andrew Lees Trust
- BasicNeeds
- Blue Dragon
- Book Aid International
- Build Africa
- Cambodia Trust
- Excellent Development
- Health Unlimited
- Homeless International
- IMPACT Foundation
- International Childcare Trust
- MicroLoan Foundation
- Motivation Charitable Trust
- MSAVLC
- MyC4
- Nepal Leprosy Trust
- Pestalozzi Overseas Childrens Trust
- Prospect Burma
- Pump Aid
- Refugees United
- Riders For Health
- ShelterBoxTrust
- SolarAid
- Survivors Fund
- Target Tubercolosis
- Tools for Self-Reliance
- Tree Aid
- VETAID
- Vision Aid Overseas
- Women and Children First
The founder Mary Kayitesi Blewitt, OBE, is of Rwandan origin (born as a refugee during a previous Tutsi/Hutu conflict). Fifty members of her family were killed in the genocide. After nearly 12 years running SURF she handed the directorship over to David Russell in 2009. David has worked alongside Mary for five years as a consultant and has experience of financial and strategic management, evaluation, fundraising, and capacity building. He has contributed to the work of the Holocaust Educational Trust and the Nelson Mandela Foundation. Trustees include survivors of the genocide as well as professionals with NGO, finance, policy and strategy experience. Patrons include journalist Fergal Keane, several MPs and the Chief Rabbi.
| Key Financials |
|
|||||
| Year end 31 Dec (£000s) | 2004 | 2005 | 2006 | 2007 | 2008 | 2009E |
| Income | ||||||
| Project restricted income | 642 | 732 | 1,327 | 942 | 631 | 495 |
| Unrestricted income | 78 | 80 | 73 | 93 | 73 | 65 |
| Investment income | 10 | 6 | 4 | 6 | 5 | 3 |
| Total income | 729 | 818 | 1,404 | 1,041 | 708 | 563 |
| Expenses | ||||||
| Project expenses | 681 | 645 | 1,357 | 1,056 | 574 | 576 |
| Costs of generating funds | 15 | 93 | 15 | 8 | 11 | 10 |
| Administration expenses | 60 | 50 | 55 | 70 | 39 | 40 |
| Total expenses | 756 | 788 | 1,427 | 1,135 | 623 | 626 |
| Balance of project restricted funds | 132 | 194 | 178 | 46 | 101 | 10 |
| Reserves |
82 | 50 | 43 | 82 | 65 | 20 |
| Number of employees |
3 | 3 | 3 | 2 | 3 | 3 |
The 2009 income forecast is lower than 2008 due to change the Comic Relief funding cycle. Historically SURF has generated over 50% of its funding from Comic Relief. New Comic Relief funding will not come on-stream until 2010. Reserves are likely to be significantly run-down in 2009. However, efficiency remains strong with a lean UK office and high concentration on partner programmes and grants. The new director is putting in funding proposals to again develop UK fundraising.
| Key ratios | ||||||
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009E | |
| Proportion of restricted income | 88% | 89% | 95% | 90% | 89% | 88% |
| Proportion of income used on projects | 93% | 79% | 97% | 101% | 81% | 102% |
| Programme ratio | 90% | 82% | 95% | 93% | 92% | 92% |
| Administration ratio | 8% | 6% | 4% | 6% | 6% | 6% |
| Fundraising efficiency | 2p | 11p | 1p | 1p | 2P | 2p |
| Reserve development | 74% | -39% | -14% | 91% | -21% | -69% |
| Number of months of cost coverage | 2 | 1 | 0.4 | 0.9 | 1.5 | 0.4 |
| Development Ratings estimates |
SURF does not give an exact breakdown of expenditure by activity. All activities are overlapping and supportive, so it is not possible to determine the exact split between tangible and intangible activities.
The number of beneficiaries is approximately divided as 60% orphans & children, 40% widows.
Costs per employee were high at £29,500 due to the very small UK office. Rwandan staff are employed by the local partners.
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