The disability charity Motability reported a rise in income of £152m – which it says is a 516 per cent increase – last year, making it the charity with the biggest increase in income among those that filed accounts between September and March, new research shows.
In its latest Charity Income Spotlight report, the data provider Charity Financials reports that Motability’s income reached £182m in the year to March 2015, up from £30m the previous year.
This represented the biggest increase in absolute terms among the 85,436 charities that filed accounts with the Charity Commission between September 2015 and March this year.
The increase was due to a £150m donation Motability received in 2014 from its service provider Motability Operations, which is owned by the major banks, to deliver a one-off transitional package of support for disabled people who would no longer be eligible for the Motability car scheme.
The report says the charities with the second and third biggest increases were the Oasis Charitable Trust, whose annual income rose by £111m to £272m, and the British Council, whose income was up by £109m to £973m.
Charity Financials said the figures showed the charities that filed accounts during the period had experienced a combined 2.7 per cent rise in voluntary income, compared with 4.2 per cent over the same period 12 months earlier, after inflation was taken into account. Overall income reached £71.7bn, it said.
Hospice UK, the national charity for hospice care, was among the 10 charities that reported the biggest falls in income.
Its turnover declined by £60m to £6.4m in the year to March 2015 – a fall of 90 per cent. The charity’s accounts say its income was significantly boosted in 2013/14 by a £60m grant it received from NHS England.
The report says there was strong income growth among charities with incomes of £50m or higher, but charities with incomes in the £1m-£5m band managed a much lower increase. "It is clear big charities are pulling away from the rest of the sector," it says.
The report says the four main income streams had an almost equal part to play in the growth: voluntary income performed the best, but income from investment, trading and charitable activities rose by almost equivalent amounts.