TSL NEWS: NCVO’s latest edition of it’s UK Civil Society Almanac
Added: 09/07/2020
VAL
NCVO’s latest edition of it’s UK Civil Society Almanac was published this week.
It uses data from about 10,000 charities’ annual accounts adjusted to reflect the whole sector, and says that in 2017-18 money from the public was the sector’s largest income source representing half of incoming funds. It warns however that the likely economic downturn will probably have a direct impact on income from the public and the voluntary sector will “inevitably shrink” as the public’s income comes under strain because of coronavirus.
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As the “recession hits and redundancies are made, and as household budgets come under strain, people may not be able to support charities in the way they have done in previous years”. It also states that a survey conducted by organisations including NCVO showed last month that the sector was facing a £12.4bn shortfall in income for the year because of coronavirus.
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