Summary of financial information 2008

UK income for the year ending 31 December 2008

Total income was £7.2m in 2008. Our main source of income was licence fees from companies marketing products that comply with the Fairtrade standards and carry the FAIRTRADE Mark.

We also need income in the form of donations and grants in order to invest in the development of new Fairtrade products and to support small-scale producers to enter Fairtrade. Once again we are particularly grateful to Comic Relief, DFID, European Union, and our member organisations for the significant support that they provided.

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Where our money comes from	£000s
Licence fees	6,179	85.6%
Government grants	368	5.1%
Other grants	365	5.0%
Member agency grants	64	0.9%
Donations	120	1.7%
Other income	125	1.7%
Total income	7,222

UK expenditure for the year ending 31 December 2008

Total expenditure was £7.0m in 2008 and includes the costs of all of the Foundation’s charitable activities as well as the costs incurred in raising funds from governments, charitable trusts, foundations and individual donors and the costs of running the charitable organisation.

How we spent it	£000s
Public education and awareness	2,128	30.4%
Producer and product support	2,114	30.2%
Market and product development	1,418	20.3%
Certification and licensing	1,004	14.3%
Cost of generating funds	172	2.5%
Governance costs	161	2.3%
Total expenditure	6,997

Increase in UK sales of sugar, cotton, nuts and flowers

Sugar farmers from Kasinthula Cane Growers in the Shire Valley, Malawi, decided to set aside 40% of their premium for initiatives to keep their business sustainable, including an annual plough-out and replant, and replacement of vital machinery.

2006 – 3,403,440 kg
2007 – 7,297,110 kg (114% increase)
2008 – 45,561,794 kg (524% increase)

Cotton farmers in Lainde Masse, Cameroon have invested in constructing a new classroom for their local school..

2006 – 533,872 units
2007 – 9,366,803 units (1,655% increase)
2008 – 19,845,252 units (99% increase)

In Mchinji district, Malawi, nut farmers plan to spend Fairtrade premiums on new hand shelling machines to improve the quality of their crop and increase volumes.

2006 – 146,448 kg
2007 – 242,657 kg (66% increase)
2008 – 465,060 kg (92% increase)

Workers at Finlay Flowers in Kenya have used their Fairtrade premiums to fund teacher training and bursaries for university and secondary school places.

2006 – 48,737,503 stems sold
2007 – 83,431,003 stems sold (71.18% increase)
2008 – 105,367,452 stems sold (26.29% increase)

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