Oxfam income increased by £22m this year, annual report shows

The report reveals that the charity's income rose by 6 per cent from £367.1m in 2012/13 to £389.1m in the year to the end of March

Oxfam's annual report
Oxfam's annual report

Oxfam’s income increased by £22m in the year to the end of March, it has announced.

The charity’s annual report, published today, shows that its income rose from £367.1m in 2012/13 to £389.1m last year, a rise of 6 per cent.

The charity reported last year that its income had fallen by 4.6 per cent from £385.5m in 2011/12, including a fall of 16 per cent in its voluntary income.

The decline was caused mainly by a fall in income from one-off appeals and fundraising events, which were £13m down on the previous year.

But the charity says income last year was almost back to 2011/12 levels and it had made a surplus of £24m during the year, compared with a loss of £16.7m last year.

Despite a fall in regular giving from £53.8m in 2012/13 to £52.7m last year, the charity’s voluntary income was up by £6.8m on the previous year to £118.3m.

Net income from its shops, which fell last year, was up 5 per cent to £23.5m. Oxfam said this was due in part to a growth in donations through its partnerships with the retailers Sainsbury’s and Marks and Spencer.

The charity's spending was down from £384.6m in 2012/13 to £365.1m last year, mainly due to a fall in spending on humanitarian aid from £126m to £104m.

The charity said it planned to put an additional £1m a year into its pensions scheme, which had a funding deficit of £30.2m at the end of the year, up from £28.6m at the end of 2012/13.

Mark Goldring, the charity’s chief executive, was paid £121,294 over the course of the year.

Bob Humphreys, finance director at Oxfam, said: "The generosity of our donors, both individual members of the public and institutions, means we are far better placed than this time last year to meet future challenges in our emergency, development and campaigning work. We hope they will continue to support us as we respond to looming famine in South Sudan, the crisis in Gaza and other humanitarian emergencies around the globe."

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