Income at British Red Cross surges by over £200m in record year

18 Apr 2023 News

British Red Cross’s income has increased by more than £200m, according to an advert for its next chief executive.

The brief reads that the 12 months to December 2022 were “a record year” for British Red Cross, with total income up 93% to £438.2m from £226.5m the year prior.

This surge in income, driven largely by donors supporting the charity's response to the war in Ukraine, means the charity saw an overall surplus in 2022 of £58.8m, compared to a deficit of £1.3m in 2021.

Meanwhile, the charity’s total expenditure was £366.8m, up from £234.7m the year before, with 57% being spent on supporting international emergency and response work, for example in Ukraine.

The briefing adds the charity’s free reserves at the end of 2022 were £48.8m, the same as in 2021.

A BRC spokesperson said: “We were inspired by the extraordinary kindness and generosity of the British people last year, driven largely by their support of our Ukraine appeal. 

“From the moment the violence in Ukraine escalated, Red Cross teams have been on the ground supporting people – reaching more than 14.5 million people with life-saving aid within Ukraine and neighbouring countries.   

“Red Cross teams continue to deliver vital aid and support around the clock and will be there for as long as they are needed.” 

Its income in 2021 had dropped from £305.9m in 2019, which according to its accounts was partially due to the disruption of the coronavirus pandemic.

British Red Cross’ full accounts should be filed with the Charity Commission later this year.

The charity is looking for a new chief executive, after Mike Adamson announced his decision to step down after eight years in post. 

Adamson will remain in post until it has recruited a new CEO in late 2023, the charity previously said.

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