Charity Finance Group reports slight rise in income to £1.56m

Caron Bradshaw, chief executive of the group, says it has made progress in making its services more accessible to smaller charities

Caron Bradshaw
Caron Bradshaw

The Charity Finance Group marginally increased its income in the year to March 2013, according to its annual report and accounts.

The report, released yesterday, shows that the organisation’s income was up by about £3,000 on 2011/12 to £1.56m.

The number of charity members fell by 3 per cent to 1,354, but the number of individuals in membership rose by 23 per cent to 2,237, the report shows.

The charity reports a rise in most income streams, including an increase in membership fees from £664,000 to £709,000. But income from its annual fundraising dinner fell from £126,000 to £102,000.

Expenditure rose from £1.52m to £1.63m. The CFG said it planned to spend more than it earned over several years to reduce its reserves. It has reserves of £251,000 and aims to have between £180,000 and £225,000.

Caron Bradshaw, chief executive of the CFG, said her organisation had made progress in making services more accessible to smaller charities and more finance professionals in larger organisations.

She said the CFG had also made progress in policy work in areas such as pensions, accounting standards and Gift Aid.

"Financially it has been a year of investment in our work, and we are pleased to have achieved a slight increase in our income in spite of continuing tough economic conditions," she said.

"In the next year we are focusing on extending our services beyond our membership and increasing the scope of our support to deliver a more comprehensive training programme to members, wherever they are located."

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