Care International’s income has fallen by 10 per cent in the last year from £43.7m in 2012 to £39.2m in 2013.

In its new accounts for the year ending June 2013, the charity says the drop in income has been due to “a number of ongoing projects ending” and that while new projects have been started, this new income will not be realised until the next financial year.

Expenditure fell in line with the tail off income, from £45.5m to £34.5m, so the charity was able to maintain its reserves.

Corporate income bucked the downward trend, increasing by 8 per cent growing from £4.6m in 2012 to £4.9m in 2013. The report notes that “the private sector plays an increasingly important role”.

Last year Care International’s corporate partners included Barclays, GlaxoSmithKline and Diageo.

The average number of employees was 111, with the staff costs amounting to £4.8m. There were four people earning more than £60,000, the same as last year, but the highest pay bracket went up from the £100,001 to £110,000 bracket to £110,001 to £120,000.

Lendwithcare growth

Care International’s microloan site, Lendwithcare.org, recruited 5,500 new lenders over the year.

The total amount lent by individuals as part of the peer-to-peer scheme is now £2.7m. The scheme launched at the end of 2010 and reached the £1m milestone in July 2012.

Last December, Care International's chief executive Geoffrey Dennis left after ten years with the organisation. He has joined Reach to Teach as CEO. The charity is still in the process of appointing a new chief executive. 

Click here to read a case study about lendwithcare.org