Sector income up by 3.7 per cent in a year, Charity Commission figures show

Statistics show income rose by £2.2bn in the three months to the end of September when compared with the same quarter last year

Accounts: charity income up
Accounts: charity income up

Charities have reported a 3.7 per cent increase in overall income in the past year, accounts filed with the Charity Commission show.

The regulator publishes quarterly statistics from all charity accounts filed with it over that period.

According to the latest data, for accounts filed during the three months to the end of September, total income rose by £2.2bn to £61.1bn, compared with the same period in 2012.

The figures show that voluntary income increased by 4.9 per cent to £19.1bn. It rose by just 3.6 per cent in the same period in 2012, last year’s figures showed.

The largest percentage increase was in trading income, which grew by 14 per cent from £4.3bn to £4.9bn.

The lowest percentage increase was in charitable activity, which increased by just 2.5 per cent to £32.3bn, the figures show.

Investment income was up by 3 per cent to £3.4bn. It increased by 15.7 per cent during the same period last year.

A spokesman for the Charities Aid Foundation said: "Any sign that charities are weathering the difficult economic climate and are beginning to share in the economic recovery is obviously really good news.

"We know from our Back Britain’s Charities campaign that lots of charities have been having a really difficult time over the months and years. That is why we’ve been campaigning to get people to give regularly and use Gift Aid."

Research published by CAF in February said that people were less likely to cut back on donations to charity than other areas of spending during tough economic times, he said.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Cyber and data security - how prepared is your charity?

With a 35 per cent rise in instances of data breaches in Q2 and Q3 last year, charities must take cyber security seriously

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now