Wag Managing Money

Published: 25th April 2018

Where does our funding come from and how do we spend it?  We have very little guaranteed income and we are totally reliant on the generosity of North East people to provide our service.  It is incredibly important to us to be transparent.

We have very little guaranteed income and we are totally reliant on the generosity of North East people to provide our service.   We never require a payment from either the people we visit or from our amazing volunteers of course, but if the people or organisations we visit value what we do, and can and want to enable us to deliver it sustainably then we are always very grateful for their donations.

We do everything possible to keep our running costs low and our corporate partners and supporters are a tremendous help in that respect.  Because of the type of organisation we are, the nature of the service we offer and the need to effectively safeguard the vulnerable people we visit, there are unavoidable costs that have to be met.

Many people help to provide the funds we need as you can see;   they care about our special form of befriending and go out of their way to help us in whatever way they can.  So we think it's very important to tell them how we spend the money that we are given in addition to our normal report and accounts which is generally available.

We never forget where the money comes from and a great deal of thought goes into any spending decision however small.  Salaries will always be our biggest cost and grant bodies so far are our biggest income source.  But as you can see, the Kielder Walk, where so many people travel to walk and support us, is a major help too.

Over time we are hopeful that more of the organisations we visit will help us financially too.

If anyone would like to talk about how we manage our money or would like any more detailed information then please just email us on info@wagandcompany.co.uk and we'll get in touch.