McDonnell’s distorted and dangerous version of Right to Buy9:01 AM, 5th September 2019
About 2 weeks ago 35
Shelter’s accounts for the year to March 2018 show total income of £67.4m, and total expenditure of £66.4m. Compared to the previous year, income was up 11% and expenditure was up 6%: click here.
It got donations and legacies of £36.9 million, but spent £11.7 million on obtaining them.
It got £17.3 million for housing advice and support services from government departments and local authorities, and £2.8 million from the Big Lottery, making a total of £20.1 million.
This is analysed in a table on page 65 (digital page 33) of the annual accounts, under a humorous heading Housing Services:
More detail is given on pages 80/81 (digital page 41). Shelter got amounts totalling £1m from councils in each of the following cities: London, Sheffield and Birmingham.
However, Shelter spent £40.0 million providing ”housing” services. You have to work this figure out for yourself – the cost is split into 6 categories, but there is no sub-total. It’s almost as if they don’t want you to know.
Shelter shops sold goods for a total of £9.0 million, but the staff working in them cost £3.6 million, and “other shop costs” were £4.8 million. The net contribution was 532k, or 5.95% of sales – less than six pence in the pound from selling things that were given to them for nothing.
It got £1.2 million for training and publications which cost £0.9million. It also got £270k, from investments mainly, with a bit from office rental.
It spent £5.3 million on research, policy and campaigning.
To summarise where the money went:
Cost of collecting donations & legacies £11.7m
Cost of Shelter shops and their staff £8.4m
Training and publications £0.9m
“Housing” services £40.0m
Research, policy and campaigning £5.3m
Total overall expenditure £66.3m
NB The £21m cost of the first three items was spent on obtaining the £67.4m receipts. That is 31%.
Broadly speaking, the net donations and legacies of £25.2 million were spent as follows:
Half of the cost of so-called housing services £20m
Campaigning to drive private landlords out of the market and increase homelessness £5m
Housing anybody at all £0
Remuneration for the seven directors was £606,407, making an average of £86,630. In July 2017, the month before Neate and Beales joined Shelter, the Director of Finance resigned. His replacement resigned in February; her interim replacement resigned in April. In May a permanent Director of Finance was appointed, for the time being.
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