- Year of publication
- Institute of Fundraising, NCVO, and Charity Finance Group, with support from PwC.
This report from the Institute of Fundraising draws on the findings of a survey carried out between 30th April to the 25th May 2020. It should be noted that respondents are more likely to be larger charities, located in London and the south of England, working at a national and international level compared to the whole UK charity population.
The survey asked questions about the impact on income during lockdown; predicting income for the year ahead; the impact on services; and the use of government schemes and support.
Key Findings include:
. Charities received 29% less income than they had budgeted for;
. 84% of charities reported a decrease or a significant decrease in their total income;
. 92% of charities reported a fall in trading income during the lockdown with just 5% reporting that income from trading had increased.
When looking at the year ahead, charities:
. Expect to see their total income significantly reduced, with their total income on average 24% lower than previously forecasted;
. Are planning on an average fall of 57% on trading income;
. Have revised their voluntary income for the year down by an average 42%.
. 69% of charities which have used a government scheme have accessed the Coronavirus Job Retention Scheme.
. 61% of charities using the scheme say they would not be able to afford to bring back all of their furloughed staff into existing roles if the scheme is withdrawn before social distancing completely ends.
. 24% of charities report a significant increase in demand for their services.
. 34% of charities said they believe they will still be able to operate but with hugely reduced services over the next year.
. 26% of charities estimate that their reserves will be able to sustain their work and services for 12 months or more.
- Read online