Submissions for the 2022 Charity Shop Survey close Friday!

Find out more and download the questionnaire here

Sense lost £1.5m to cancelled fundraising events in 2020

06 May 2021 News

Richard Kramer, chief executive, Sense

Disability charity Sense lost £1.5m from cancelled fundraising events during the pandemic, its chief executive has revealed.

Richard Kramer said that Sense had managed to get through 2020 without using its reserves because other sources of income had risen, but warned that the charity’s budget would be under pressure for at least the next two financial years, as a long-term impact of Covid-19.

Kramer was being interviewed for this month’s issue of Charity Finance magazine, which is published by Civil Society Media.

Losses offset

He said: “We lost £1.5m by not having our fundraising events this year.

“But at the same time, our individual giving has been up, and our support from grants and trusts and high value donors has been up, so that has offset some of the uncertainty.”

Speaking before charity shops reopened in April, Kramer added: “We haven’t had to dig into our reserves.

“What we have found is that we’ve had a large loss in trading, and there’s been real uncertainty about when they [charity shops] are going to be open again.”

Sense reported record-breaking sales in the first week open after the third national lockdown.

Difficult years ahead

He said: “Operations [contracts for running services] remains really unpredictable, particularly community and day care services, but commissioners have continued to pay for services.

“So actually, it is not so much the budget this year that is a problem – it is next year and the year after.”

Sense’s income was just under £80m last year.

New strategy

The charity published a new, five-year strategy in April, with the aim of establishing Sense as the country’s “go-to organisation for families and carers” and a key partner for local authorities and other commissioners.

The strategy commits Sense to reach ten times as many children and families through its programmes by 2026, double its net voluntary income, add 150,000 more “engaged supporters” and increase its commissioned income by 10%.

The full interview with Richard Kramer is in this month's Charity Finance magazine.

Charity Finance is packed with practical articles and analysis of the latest financial trends, as well as in-depth briefings on technical and legal changes, and benchmarking surveys to help busy finance teams get value for money. Find more information here and subscribe today!

 

More on