The charity sector in England and Wales had a total income of £76.7bn, according to the latest accounts and annual returns filed with the Charity Commission in the year to June 2018.
June’s figures show that total income was £76.7bn – an increase of £2.3bn on last year. Most of the sector’s income (£40bn) derives from charitable activities, followed by voluntary income (£22.9bn). The rest is made up from trading, investment and a small amount of “other” income.
Commission figures are updated periodically and are historical figures based on accounts filed. Most sets of accounts will cover the years up to March 2017, December 2017 and March 2018.
Total sector spending was £73.8bn and most of this, £64.5bn, was classed as charitable expenditure. The sector spent £3bn on generating voluntary income.
Figures showed that the sector employs just over one million people – consistent with last year.