As a registered charity, we depend on the financial support of our partners.
The majority of our funding comes from our partner travel companies and their customers, with charitable trusts and destinations also contributing.
Below is a breakdown of our income and charitable expenditure during 2021. For a full copy of our annual report and accounts, please see the Charity Commission website.
For more on our work in 2021, please see our annual review.
Our income 2021
Our total income of £659,014 was up 41.3% year on year, which also represented a more than 50% improvement against the organisation’s original 2021 operating budget. This increase included £276k of new income achieved in the year, resulting in increased restricted income funding as well as increased private sector income due to the partial recovery of the travel sector. Also included in the total income is £75,523 received from the job retention scheme.
Breakdown of Charitable Expenditure
This graph displays the split of our charitable expenditure. Our total expenditure represented a year on year decrease of 14%, which was also a 25% reduction against the organisation’s initial 2021 budget. This reduction was to better match income levels, to build up some reserves and was the result of careful cost management, including the furloughing of a number of staff. Included in the total expenditure therefore is £75,523 for wages that were paid using the job retention scheme. Despite the reduction in total expenditure, we continued to fund vital activities that: support tourism actors to plan and develop with destination needs at heart; mitigate the impacts of climate change; support better, more sustainable products; and advocate for change.