Share

More than one in five charities report cancelled contracts

More than one in five charities report cancelled contracts
News

More than one in five charities report cancelled contracts

Finance | Vibeka Mair | 28 Feb 2012

A survey commissioned by Charity Bank has revealed that more than 20 per cent of charities have suffered from the cancellation of contracts with businesses and government bodies during the last year.

A further 25 per cent of charities with contracts reported that lengths of existing contracts have been shortened within the past 12 months.

The research, conducted by the Charity Technology Trust in January and February this year, polled 386 charities across the UK.

It found 36 per cent had increased monitoring of spending and performance with regards to government and statutory funding in the past 12 months. The survey also shows that charities’ cashflow is being squeezed as they are being forced to wait longer for funds to be received.

The types of payment affected include public sector earned income (24 per cent of relevant respondents indicated that payments were taking longer), public sector grants (22 per cent), trading (25 per cent) and trusts, lottery and foundations (25 per cent).  

Charity Bank is using these findings to review how it can best serve the charity sector in very tight economic conditions.

“Not so long ago charities and social enterprises were encouraged to engage with government and business as a key to sustainability,” commented Malcolm Hayday, chief executive of Charity Bank. 

“But now we are seeing the effect of the economic crisis in cancelled contracts and tighter trade terms for organisations whose bargaining position has never been as strong as the role they play in society.”
 

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

Big Lottery Fund reviews process for soliciting bids

22 Aug 2014

The Big Lottery Fund is reviewing the practice of soliciting bids for projects, such as its £1m grant...

Legacy income sees fastest quarter of growth

22 Aug 2014

Legacy income rose by 9.7 per cent in the 12 months to 30 June 2014 compared with the same period last...

NTT hits back at Dispatches investigation

22 Aug 2014

Telephone fundraising agency NTT has hit back against the Channel 4 investigation on telephone fundraising...

Umbrella bodies ‘have failed to resist government agenda for the sector’

26 Aug 2014

Umbrella bodies have lost independence and have not adequately opposed cuts to government spending or...

EDF Energy to give Citizens Advice £3m over complaints breach

26 Aug 2014

Citizens Advice Bureau is to receive £3m from EDF Energy after Ofgem found that the energy giant breached...

Father threatens legal action against charity set up in memory of son

26 Aug 2014

The father of a paratrooper who died in Afghanistan in 2006 is set to take legal action against a charity...

Macmillan: We did not hijack #icebucketchallenge

21 Aug 2014

Macmillan has hit back against accusations on social media that it has hijacked #icebucketchallenge, saying...

Smart wristbands aim to increase charity giving

20 Aug 2014

A new wristband that will enable people to make faster donations with just a tap of a smartphone, is...

National Trust to develop new website in £2m digital upgrade

15 Aug 2014

The National Trust has budgeted £2m to update its digital services, including a new website and mobile...

Join the discussion

 Twitter button

@CSFinance