Charities reported combined deficit of more than £300m

10 Nov 2012 1:24 PM | AuSAE Admin (Administrator)

Small and medium-sized charities reported a combined deficit of more than £300m in 2011 compared with a surplus of £325m in 2007, according to new figures.

 

Data compiled by the Charities Aid Foundation based on charities’ annual returns to the Charity Commission show that those with incomes of less than £1m a year had a combined income of £8.4bn in 2011 and an expenditure of £8.7bn.

 

In 2007, the combined income of charities in the same income bracket was £6.9bn against an expenditure of £6.6bn.

Small and medium-sized charities represent more than 130,000 of Britain’s 162,000 registered charities, CAF said. For More Information

 

Sourced from:Third Sector

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