Treasurer’s Report For WSPA, 2007 was another year of substantial growth. Total income increased by over US$7 million to US$46 million, which is 19% higher than the previous year. This was entirely due to an increase in donations and appeals which overall went up by almost US$9 million. This is extremely encouraging as it shows that fundraising and publicity initiatives are continuing to increase awareness of WSPA around the world. After a large increase in 2006, legacy and trust income decreased in 2007 from US$9 million to US$6 million, reflecting its volatile nature. Investment income dropped slightly but remained at about 2% of total income. WSPA had its biggest ever year of expenditure on animal welfare totalling US$41 million in 2007, an increase of nearly US$14 million, or 49%. This increase was in excess of the growth in total income, resulting in a deficit for the year of over US$5 million. A deficit had been budgeted by the Board for 2007 but not one of this magnitude. The ratio of fundraising costs in 2007 remained fairly consistent at 16%. Investment in activities such as online and TV advertising continued, and has proved extremely successful in both increasing income from regular donors and in raising awareness of the organisation. Organisational support expenditure, at 3%, remained consistent with 2006.
Dr Andrew Rowan Treasurer
As for many organisations, 2008 is likely to be a challenging year for WSPA due to the current economic climate which is likely to have an impact on donation income. With this in mind, the organisation is not aiming for a year of rapid growth, but to focus on existing activities, ensuring that the maximum possible is spent on areas providing the most impact on animal welfare. After another exceptional year I would like to thank the staff, volunteers, donors and all other supporters of WSPA for their contribution to the organisation and to the work of helping animals in need.
The figures are extracted from WSPA global consolidated accounts which are non-statutory and unaudited. They are provided for general information purposes only. All accounts of individual WSPA offices however are audited locally. For further details of WSPA’s global financial affairs, please contact WSPA Head Office in London. For more financial information about individual WSPA offices, please visit the website of the relevant office (details on back cover) or consult WSPA Head Office.
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