10 Sep 2015
Just over 80 per cent of small and medium charities are struggling to obtain enough funding and a further 63 per cent are “seriously worried” about ongoing income, according to a report released by Lloyds Bank Foundation.
The Chancellor of the Exchequer has promised £1m from Libor fines to the Yorkshire Air Ambulance during a visit to the organisation’s air base this week.
Social Investment Scotland (SIS) has said that the past year has been a record one for the loan provider, with £23m of new or renewed investment secured.
Kids Company reported a deficit in its free reserves in six of the past ten years despite receiving more than £90m in unrestricted income over the last decade - almost 80 per cent of all funding.
He was just so nice - an over used word, but I can only ever see Daniel with a smile on his face. Genuine, wickedly funny, intelligent, oozing with foresight and interest.
Heritage charity Vivat Trust has gone into liquidation owing £1.3m with the potential loss of 23 jobs, according to documents filed with Companies House on Friday.
A review of the financial and governance controls at Kids Company warned that the charity needed to address its cashflow problems and keep up-to-date with payments to HMRC, more than a year before the charity collapsed.
Médecins Sans Frontières, the medical aid charity, increased its income by 23 per cent in the year to December 2014, to just over £44m, mainly as a result of increased donations to tackle the Ebola epidemic in West Africa.
The Charity Commission has opened a statutory inquiry into Kids Company, which collapsed last week, and the High Court has appointed the Insolvency Service as the liquidator.