Save the Children International’s income rose by almost £350m last year, making it the charity with the biggest increase in income among those that filed accounts between September and March, according to research by the data provider Charity Financials.
The Charity Income Spotlight report shows that Save the Children International’s revenue increased by £346m to reach £559m in its most recent set of accounts, giving it the biggest income rise among the 85,225 charities included in the research.
The income figures were based on accounts filed with the Charity Commission between September 2014 and March this year.
Charity Financials said the figures showed the charities that filed accounts during the period had a combined 4.2 per cent rise in turnover, compared with 2.4 per cent over the same period 12 months earlier, after inflation was taken into account.
The growth of Save the Children’s UK-registered international entity can be attributed to a restructuring that has brought the activities of a number of the charity’s country offices around the world under its umbrella, the report says.
Income at Save the Children UK rose by £59m to £343m according to its most recent accounts, which the report attributes to the charity’s merger with the international health charity Merlin in 2013.
The charity with the largest fall in income was the Big Local Trust, which helps to improve local communities, because it had received a large one-off grant to establish itself.
Its income fell by £211m to £5m, which is explained by the £214m in endowment funding that the charity received from the Big Lottery Fund in 2013, the report says.
The Legal Education Foundation reported the second-highest fall, registering revenues of £1.6m, £148m less than the previous year.
The foundation formerly existed as the College of Law and had a spike in income after it sold its legal education and training business, with the proceeds used to set up the new organisation.
According to the report, the largest rise in trading income was reported by the Canal & River Trust, which reported an increase of £15m to £64m. The Kennedy Trust for Rheumatology Research had the biggest fall, with its trading income decreasing by £58m to £26m year on year.
Mark Pincher, data editor and development manager at Charity Financials, said the economic environment remained challenging for charities but within that context it was positive that the sector had reported faster growth this year.