Oxfam reports 16 per cent fall in voluntary income

Charity's latest accounts show voluntary income fell by £18m in the year to March compared with the previous year

Oxfam’s voluntary income fell by 16 per cent in the year to March 2013, according to accounts released today.

It fell by £18.2m to £111.5m from £129.7m the previous year.

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. Legacy income also fell by £3.2m.

Overall, the charity’s income fell from £385.5m to £367.9m, a decline of £17.6m, or 4.6 per cent.

The charity spent a record amount of £384.6m, giving it a shortfall of £16.7m on the year.

Free reserves fell by £12.7m to £26.5m, which the charity said was in line with its overall target.

Bob Humphreys, finance director at Oxfam, said: "It is not surprising that challenging times for the economy have affected our income.

"We are fortunate that regular donations held up well, but the lack of a single, high-profile emergency appeal alongside an unexpected shortfall in legacy income led to a drop in the overall contribution from UK public fundraising.

"After several years of pressure on household incomes, people are buying fewer new clothes and other items, which has a knock-on effect on the quantity and quality of donations to our shops. We need confidence in the UK economy to return."

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