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 2023 with the table below showing comparisons with recent years. We ended the financial year in a position of strength – a solid base on which to build capacity in 2023-2024. Breakdown 2022-2023 2021-2022 2020-2021 2019-2020 Total income £379,455 £362,486 £375,350 £358,521 Total unrestricted income £239,575 £272,031 £239,145 £145,618 Total expenditure £415,208 £347,837 £292,642 £402,907 Total cash in the bank at 31 March £187,853 £223,606 £260,568 £126,249 Total unrestricted reserves £111,361 £113,716 £62,747 £30,282 Total income of £379,455 with 63% for Unrestricted purposes represents a strong performance. Total expenditure at £415,208 reflects the scaling up of our art therapy with 40 partners and 908 individual beneficiaries compared with 745 in the previous year. We also invested in work to build a pipeline of commissioned art therapy. Income Overall, 63% of income was for unrestricted purposes. 66 grants were awarded totalling £264,260 – 47% were for Unrestricted purposes. 8 multi-annual grants were awarded. Expenditure Art therapy costs, as a percentage of income, were 33% Staff costs, as a percentage of income, were 45% Total marketing costs (including marketing salary costs) at £32,962 represent 8% of expenditure. Fundraising ROI 100% of Fundraising costs (including fundraising salary costs) at £83,529 have been included in calculating the fundraising ROI – each £1 spent generated £4.54. Photography from the V&A Dundee. Manage Cookie Preferences