The Charity Finance Group is to close for almost a month over the Christmas period and furlough all its staff to protect jobs.
In a blog post on the CFG website, Caron Bradshaw, chief executive of the charity, said it would close from 16 December until 10 January.
All 20 of the charity’s active staff members will be placed on flexible furlough, although a small number of staff will provide a skeleton support service for members over the course of the shutdown period.
“We have reached the difficult decision that with the return of flexible furloughing we should close down our activities over this quieter time in order to protect the jobs of CFG staff,” said Bradshaw.
“We know that this tips the balance between serving the sector and saving ourselves and hope that the timing will make the best of a bad situation.”
The CFG has been running a JustGiving page to raise funds as it faces a significant drop in income because of the coronavirus pandemic.
It has so far raised more than £7,500 through the page, including Gift Aid.
It had already taken other cost-saving measures, including a recruitment freeze and a 12 per cent pay cut for Bradshaw.
In her latest blog post, she said: “The last nine months have tested my courage, my resolve and resilience to work hard, at the seemingly impossible, and to have confidence that all things, even the worst of times, pass eventually.
“Pass they will, and we will return, stronger in the new year.”