Oxfam retail income up to £89.9m
Annual report says its combined total income went up by 4.7 per cent to £385.5m
The development charity Oxfam has reported an increase in its total income of nearly £18m compared with the previous year.
The charity’s annual report, published today, shows that in the year to March 2012 Oxfam’s combined total income rose by 4.7 per cent to £385.5m.
The charity says its retail sales, including online, totalled £89.9m, £4m higher than last year, and that its shop network had increased the proceeds of sales by 5 per cent on the previous year, rising to £25.5m.
This happened despite a fire at the charity’s Wastesaver textile sorting facility in April 2011, which cost Oxfam hundreds of thousands of pounds in equipment and stock.
Within its retail figures, Oxfam says it increased online sales with the launch of a new website that boosted income from e-commerce by 24 per cent.
Fundraising income also rose by 8 per cent to £282.8m, which the charity attributes to a rise in restricted income from governments and institutions such as the EU and the UN in response to the east Africa food crisis and the Pakistan flood.
Voluntary income generated by appeals, money from fundraising events and one-off donations all increased but regular donations fell slightly, the charity says.
Bob Humphreys, finance director at Oxfam, said: "We are pleased to see our income levels grow in spite of the unrelenting challenges of the external environment."
