The results of a Charities Aid Foundation (CAF) poll released this week have painted a worrying picture of the Third Sector as it struggles to beat the current economic crisis.
The survey questioned 322 voluntary organisations and charities about how they were coping with the biting recession:
· 41% have received less funding in the last three months than usual.
· 60% had looked to their savings to meet this shortfall.
· Corporate income was flagged up as the worst hit source of funding and donations.
· 50% of organisations are expecting a continuing decline over the next twelve months.
As might be expected, over half (51%) of all charities and voluntary groups whose services help people to deal with the effects of the recession have seen a demand for their input increase over the last three months. Such statistics serve to confirm the centrality and importance of the Third Sector in helping the country weather the current economic storm, unmistakably marking them as a “last safety net” for those in need.
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Source: Charities Aid Foundation
Third sector umbrella bodies NCVO, Acevo, the Charities Aid Foundation, the Charity Finance Directors’ Group and the Charity Commission, have this week released figures they gathered in their September survey detailing charity losses in the Icelandic bank collapse.
The survey results, released following a consultation with government ministers, suggest that charities have lost between £86.6 and £200 million in the recent Icelandic banking troubles.
Sector representatives present at the consultation urged the government to act quickly and suggested the implementation of a loan guarantee scheme for charities that have lost money.
Posted in Sector News
Tagged Acevo, charities, Charities Aid Foundation, Charity Commission, Charity Finance Director Group, consultation, government ministers, Icelandic bank collapse, NCVO, survey, third sector
Following their meeting with third sector minister Kevin Brennan this week, chief executives from umbrella bodies NCVO, Acevo, the Charity Finance Director’s Group and the Charities Aid Foundation have announced they will not make public the figures they have gathered in relation to the amount of charity money lost in the Icelandic bank collapse.
Ralph Michell, Acevo’s policy advocate, yesterday commented that the meeting with Government had been “constructive” and revealed it is hoped that the third sector minister will, “come back with an answer in the near future”.
Source: Third Sector