Share

Small and medium-sized charities had £306m deficit in 2011

Small and medium-sized charities had £306m deficit in 2011
News

Small and medium-sized charities had £306m deficit in 2011

Finance | Vibeka Mair | 26 Nov 2012

Charities with incomes of less than £1m reported total combined deficits of  £306m in 2011, compared with an overall surplus of £325m in the 2007 financial year, according to new research from the Charities Aid Foundation (CAF).

CAF’s research analysed accounts lodged with the Charity Commission in their financial year ending in 2011. It revealed the situation reported in 2011 has markedly deteriorated from 2010, when SMCs reported an overall loss of only £20m.

John Low, chief executive of the Charities Aid Foundation, said: “The deepening losses being sustained by our nation’s small and medium-sized charities are a great cause for concern.

“Many SMCs doing vital work in our communities are facing falling incomes at the very time that people are increasingly looking for their support.

“The vast majority of our charities are relatively small and do amazing work. But many are having to dip into their reserves to keep going, cut back on the work they do and lay off staff if they employ any.

“The situation is so worrying that we need the government, business and the public to get behind Britain’s charities – so that they can survive and carry on their important work in these tough times.”

SMCs make up the majority of the nation’s charities – representing more than 130,000 of Britain’s 162,831 registered charities.

 

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

Over £11m raised for MND Association and Macmillan from ice bucket challenge

19 Sep 2014

The Motor Neurone Disease Association has raised £6.8m from the viral fundraising craze the ice bucket...

DEC raises £102m in its 50th year

19 Sep 2014

The Disasters Emergency Committee and its member agencies raised £102m through two appeals in the last...

London Marathon runners raise £250m in past five years

19 Sep 2014

A quarter of a billion pounds has been raised by London Marathon runners in the past five years, according...

Lobbying Act comes into force today

19 Sep 2014

The Transparency of Lobbying, Non-party Campaigning and Trade Union Administration Act 2014 comes into...

Devolution 'will affect how charities operate'

19 Sep 2014

The political landscape that charities operate in looks set to change following the Scottish decision...

Some charity leaders see themselves as ‘employees of government’

18 Sep 2014

Voluntary bodies and the state have become so intertwined that some charity leaders whose organisations...

JustGiving page for Manchester Dogs’ Home receives four donations a second

15 Sep 2014

JustGiving has said that donations going to an appeal for the Manchester Dogs’ Home following an arson...

Commission's new online charity search to launch soon after delay

15 Sep 2014

The Charity Commission’s searchable online register of charities is due to launch in beta this autumn,...

Charities warned that digital campaigns can be 'counterproductive'

9 Sep 2014

Charity digital campaigns can be counterproductive and will need to change to keep the attention of those...

Join the discussion

 Twitter button

@CSFinance