Tag: Charity Finance Group

Collapse in charity provision looms at moment of greatest need

Stuart Mitchell

The £10 billion charity funding gap created by coronavirus is putting an “alarming proportion” of jobs and services in the firing line in the social sector. That’s according to the latest Charity Sector Tracker published today by Pro Bono Economics, in partnership with the Chartered Institute of Fundraising and the Charity Finance Group. The survey of 455 charities found that 19% have already made redundancies, and that 23% plan to make further cutbacks once the government’s furlough scheme comes to an end. That number jumps to 44% among the UK’s…

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Charities are facing a £12.4bn shortfall in income for the year due to impact of coronavirus

Stuart Mitchell

The Chartered Institute of Fundraising (IoF) and Charity Finance Group (CFG) say that charities are facing a huge predicted loss to their income as they continue to grapple with the impact of the coronavirus pandemic and continued social distancing measures. The analysis comes following the publication today of the results of a recent survey of charities reporting financial loss and reforecasting of income for the year ahead. On average, respondents to that survey reported that they were expecting a reduction of 24% to their total income for the year, which…

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‘Every day counts’ as charities still wait for government support

Stuart Mitchell

Charities across the country are facing imminent collapse as fundraising income dries up, charity leaders warned today. Charities have been in conversation with the government about a package of support for the charity sector, but warned today that without an urgent injection of money many charities of all sizes would start to close their doors as soon as next week. With charity shops closed and fundraising events and activity cancelled, reserves depleted and demand for services increasing, charities are having to make immediate decisions about their financial viability.  Charity sector…

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