Income at WWF-UK falls by 13 per cent

According to the charity's latest accounts, the fall from £71.1m to £60.8m in the year to June can partly be accounted for by a £4.2m reduction in legacy income

WWF-UK annual report and accounts
WWF-UK annual report and accounts

Income at the conservation charity WWF-UK fell last year by 13 per cent, or about £10m, the charity’s latest accounts show.

The accounts say that income was £60.8m in the year to 30 June 2017, down from £71.1m the previous year.

The fall in income was partly due to a £4.2m reduction in legacy income after the charity received a £4.8m gift in the previous year, pushing income to record levels.

But income from government grants and corporate partnerships also fell on the previous year, by £2.1m and £2.3m respectively, the accounts say.

A statement from the charity said: "Under challenging circumstances for all charities, our income for 2016/17 remained steady with 2014/15. Income fell compared with 2015/16 as anticipated, and this was principally due to an exceptional legacy gift we received during that financial year."

Expenditure was £50.9m, a slight increase from £49.3m the previous year, according to the accounts.

In his introduction to the latest accounts, Sir Andrew Cahn, chair of the WWF, says the charity "will need a revolution in the level of our funding if we’re to achieve the step-change in our impact that we’re determined to accomplish".

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in
Follow us on:

Latest Charity Finance Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners


Expert Hub

Insurance advice from Markel

Charity property: could you be entitled to a huge VAT saving?

Charity property: could you be entitled to a huge VAT saving?

Partner Content: Presented By Third Sector promotion

When a property is being constructed, VAT is charged at the standard rate. But if you're a charity, health body, educational institution, housing association or finance house, the work may well fall into a category that justifies zero-rating - and you could make a massive saving