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.