81 per cent of small and medium charities ‘struggling’ to survive, says survey

81 per cent of small and medium charities ‘struggling’ to survive, says survey 3

27 Aug 2015 | Hugh Radojev

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.


81 per cent of small and medium charities ‘struggling’ to survive, says survey

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Independent review of Kids Company warned Cabinet Office of cashflow issues a year ago

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.

Commission concerned about ‘basic errors in annual reporting’ by charities

The Charity Commission has said it will step up efforts to make charities aware of their reporting duties after it found that 43 per cent of charities with unusually low expenditures had either made a mistake in their annual report or underreported their expenditure.


International volunteering charity VSO increased its income by 12 per cent over the past year, according to its latest set of accounts.

Regulators to consult on scrapping separate Sorp for smaller charities

Britain’s charity regulators will consult later this month on scrapping a separate Statement of Recommended Practice for small charities, the head of accountancy services at the Charity Commission has said.

Charity Finance was (and is) a truly proper read for anyone working in this industry. It was like Daniel himself - decent, informative, full of integrity and with a sprinkling of humour to lighten the load.

» Daniel Phelan: Publisher, editor, social entrepreneur, intellectual

New foundation offers free accounting software and £5m annual grants

Accountancy software company Sage has launched a foundation offering two free products to any charity, as well as grants worth around £5m a year, and five volunteering days from each of its 14,000 employees.

Joe Saxton

A poll by nfpSynergy has shown that just one in 17 people asked think charities should save more than a year’s expenditure in reserves, while a third of people favour reserves of less than six months’ spending.

Royal Albert Hall

The Royal Albert Hall has announced a record £7.9m investment in charitable activity in 2014 – an 80 per cent rise from the previous year.

Hamish Horton

The Valldata Group, which provides payment solutions to the charity sector, made an operating loss of more than £572,000 for the year ending March 2014 and has since lost several senior executives.

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