Charity shops’ profits grow to almost £300m

05 Feb 2019 News

Profits from UK charity shops grew to an estimated £295m in the last financial year, up from £278m the previous year, according to new research.

The Charity Retail Association (CRA)’s latest research programme found that in the year to March 2018, an estimated 327,000 tonnes of textiles were donated to charity shops, up from 323,000 the year before.

Donated goods made up an estimated 82.3 per cent of charity retailers’ total 2017/18 income, up from 81.8 per cent the previous year.

Bought-in goods, meanwhile, made up an estimated 6.3 per cent of charity retailers’ income, down from 6.9 per cent the year before.

Gift Aid reclaims made up 5.1 per cent of charity retailers income, a similar proportion to the previous year, while 4.0 percent was from sales to recycling merchants, up from 3.7 per cent the previous year.

The CRA said there are approximately 11,200 charity shops in the UK, as was estimated the previous year.

Robin Osterley, chief executive of CRA, said: “That charity shops can contribute £295m funds to their parent charities in 2018, despite the extreme trading conditions we see at present, underlines the resilience of the sector.

“The state of our high streets has been under scrutiny and we’re proud of how our members contribute to their local communities up and down the UK.”

The CRA used data from its members for its research, which was extrapolated to the whole of the charity retail sector.

Civil Society Media's Charity Shops Survey 2018 is an in-depth look at the trends in the UK charity retail sector and can be purchased online

 

 

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