Income from Barnardo's charity shops up by 25 per cent

The charity's annual report for 2017/18 shows a figure of £15m, compared with £12.1m the previous year

Income from charity shops run by the children’s charity Barnardo’s grew by 25 per cent in 2017/18, according to the charity’s annual report.

The report, published last week, reveals that the charity’s retail and trading income was £15m in the year to 31 March 2018, up from £12.1m the year before.

Overall, the charity’s income increased from £301.5m in 2016/17 to £304.3m in 2017/18.

The report says the increased profitability of its 706 charity shops was "due to more efficient purchasing of stock and improved cost management" and came despite an increase in expenditure on the shops of £3.3m to £58.6m compared with the previous year.

Net voluntary income also increased by 4 per cent to £25.8m in 2017/18, while total statutory income increased from £172.6m in 2016/17 to £173.7m.

Javed Khan, chief executive of Barnardo’s, said in the report that he was pleased by the income increases.

"These are good results, but there is no question of us resting on our laurels," he said.

"We will continue to innovate and to look at new and creative ways of delivering services at the best possible value."

Despite the overall increase in income, expenditure on charitable activities fell by £2.3m to £210.3m in 2017/18.

"This was partially due to a reduction in our central overheads and partially due to some of our new core priority programmes starting a little later than expected," the report says.

The group’s pension liabilities increased from £137.7m to £138.98m in 2017/18, but the report says trustees believe the liability is manageable in the long term.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Charity Finance Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Managing risk at outdoor events

Managing risk at outdoor events

Partner Content: Presented By Markel

Voluntary and community events are increasingly popular, especially around this time of year.