Action for Children's income drops in the last financial year

All major sources of income to the charity have declined, according to its annual report and accounts filed this week

Action for Children Fundraisers
Action for Children Fundraisers
  • This story has been corrected: see final paragraph

Action for Children’s income fell by nine per cent from £198m to £180m in the year to March 2013, according to its annual report and accounts filed this week.

The charity experienced falls in all major sources of income. Income from charitable activities - chiefly public sector contracts supporting children, families and young people - fell from £161.1m to £157.5m. Fundraised income fell from £20.2m to £18.1m, and investment income from £21.1m to £19.2m.

The charity raised £14.7m in 2012 from the sale of fixed assets compared with £3.3m in 2013.

"Income from both charitable activities and donated income were down against last year," the charity said in its annual report. "Reduced costs more than offset this, to give an improved net position.

"Fundraising had a difficult year. The target to grow donated income was not achieved, with income down 10 per cent as the success of events in previous year could not be repeated, although legacy income was up."

The charity said that despite the fall in income, its financial position had improved. Resources expended fell from £184.1m to £172.6m, and its balance sheet grew by £7.1m.

The charity now has free reserves of £28.5m. However, the charity’s defined benefit pension had a deficit of £47.6m, on total liabilities of £473.9m. This was down £8m on the previous year.

The charity also increased the number of services it was delivering."As at 31 March 2012 we had 576 services and at the end of March 2013, we had increased to 667 services," the charity’s annual report said.

Twenty-six staff were paid more than £60,000 a year in 2013, including one who earned between £140,000 and £150,000. The charity employed 4,920 people in 2013 compared with 5,468 in 2012.

Action for Children announced earlier this week that its chief executive, Clare Tickell, will be leaving later in the year to lead the housing association Hanover.

  • An earlier version of this story said that investment income fell from £21.1m to £19.2m. In fact investment income rose from £925,000 to £1.07m.

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