Charity Commission survey reveals the recession is setting in
According to the Economic Survey of Charities larger charities whose incomes are between £100,000 and £1m have so far been most affected by the recession as there is a greater demand for their services even though their income has fallen.
Two-thirds of large charities have indicated that they are concerned that services may need to be cut back, although the survey has highlighted that only 3 percent of charities have considered working together.
The chair of the commission Dame Suzi Leather has said that it is surprising that more charities have not considered collaboration as will mean that they can share the costs as well as expertise but most importantly it will allow their work to continue through the recession.
As a result of the recession charities have are experiences a drop in their funding as a combination of falling house and share prices, a weak pound and cancelled direct debit donations are undercutting the voluntary sectors efforts in their time of need.
Rapidata the company which handles over four million direct debit transactions for the charitable sector has revealed that cancellations of monthly donations is on the up but new donators have continued to fall as charities have lost around 32.4m from canceled subscriptions over the past 10 months.
