27th October
As the fourth winter since Covid’s emergence approaches, the easing of financial concern that is taking place in much of the rest of the economy has not yet been felt by the charity sector. After a year in which inflation meant that the value of donations, grants, and contracts diminished, and donors reduced contributions, many charities remain in challenging financial straits. More than a third (35%) of small and medium charities and over four in ten (44%) large charities reported that their finances deteriorated in the past three months.
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