What is Teapot Trust’s financial position? What is Teapot Trust’s financial position? Here is a summary of Teapot Trust’s financial performance for the year ending 31 March 2022. We ended the financial year in a position of relative strength. Breakdown 2021-2022 2020-2021 2019-2020 Total income £362,486 £375,350 £358,521 Total unrestricted income £272,031 £239,145 £145,618 Total expenditure £347,837 £292,642 £402,907 Total cash in the bank at 31 March £237,163 £260,568 £126,249 Total unrestricted reserves £113,716 £62,747 £30,282 A total income of £362,486 represents a strong performance in the second year of COVID-19. Securing 63% of grants for Unrestricted purposes during this time of uncertainty is a significant achievement. Total expenditure at £347,837 rose on the previous year due to the re-introduction of some in-person art therapy services and the scaling up of work – 745 beneficiaries compared with 319 in the previous year. This is a solid base on which to build in 2022-2023. Income Overall, 75% of income was for Unrestricted purposes. 67% of income came from 84 grants – a total of £241,605 was awarded. 63% of grants were for Unrestricted purposes and 37% for Restricted purposes. Overall, the success rate for funding applications was 1 in 6. The largest award of £27,940 came from the Scottish Government’s Adapt & Thrive fund administered by the SCVO. Commitments to fund multi-annual awards were received from six funders – A M Pilkington Trust, Eleanor Rathbone Charitable Trust, Hugh Fraser Foundation, Matrix Causes Fund, Prince of Wales Charitable Foundation and Robertson Trust. Expenditure Art therapy costs, as a percentage of income, were 28% Staff costs, as a percentage of income, were 43% Total marketing costs (including marketing salary costs) represent 12% of expenditure. Fundraising ROI 100% of Fundraising costs (including fundraising salary costs) at £69,595 have been included in calculating the fundraising ROI – each £1 spent generated £5.20.