Fundraising Standards Board reports 63 per cent increase in profit

Chairman Colin Lloyd warns FRSB 'still has a long way to go' in terms of building membership, and calls for more charities to join

Colin Lloyd
Colin Lloyd

The Fundraising Standards Board made a profit of almost £60,000 in the year to 30 June 2012, according to its latest annual accounts.

The self-regulatory body’s membership grew to 1,412 from 1,247 over the course of the year, which meant its income from subscriptions increased by £26,967 to £438,698.

Its overall income rose from £449,056 in 2010/11 to £467,213. This left a surplus after tax of £59,994, a 63 per cent increase on the previous year’s figure.

The FRSB, which is a community interest company, filed its latest accounts with Companies House on 21 March.

It was set up in 2006 with £4m of government funding and has been operating without grant support from the Office for Civil Society and the Scottish government for four years.

Its only grant funding is from the Welsh government, to assist with the growth of the regulator in Wales. The three-year grant, worth £28,515 in 2011/12, has been extended for another year and the FRSB hopes to have 100 Welsh members by the end of the period.

In his chairman’s statement, Colin Lloyd said: "There is still a long way to go in terms of building our membership and increasing awareness of the FRSB to the giving public, although we are pleased with progress so far."

He called for more commitment across the sector to ensure the scheme’s long-term success, urging members to promote the FRSB’s tick logo on their fundraising material and communications.

"The sector has been given the opportunity by government to make self-regulation work and good progress continues to be made," Lloyd said. "I would encourage those many charities that remain undecided about the FRSB to join with their colleagues and demonstrate to the giving public their commitment to the highest possible standards in fundraising."

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