Crusaid: Money Problems

Unsurprising news - Crusaid and the THT (Terrence Higgins Trust) are to merge.
Crusaid, a charity that give grants to people living with HIV who have financial problems, have had some of their own - and are blaming the recession.
The organisation says that in 2008/9, it distributed £374,774 to 2,106 individuals through its hardship fund; important work, particularly so during this recession.
But that's just 40% of its total income.
So where does the other 60% go?
You might think that a charitable organisation working with people in poverty would be transparent about this and how much its top bods earn.
But try and find this in their annual report and you'll be lost in a maze of corporate doublespeak.
Anyone?