Value of total charity investment assets was £108.4bn in 2016/17

A report from Charity Financials also says investment income was £3.2bn that year, an increase of £300m on 2015/16

Investment assets: up by £8.3bn
Investment assets: up by £8.3bn

The total value of charity investment assets increased by £8.3bn last year to £108.4bn, a new report shows.

In the latest investment spotlight report by the data firm Charity Financials, which takes its results from the investment performance of the top 5,000 charities based on income, investment income was found to be £3.2bn in the 2016/17 financial year.

This was a £300m increase on the previous year, says the report, which was published yesterday.

The increase in investment assets to £108.4bn was the eighth consecutive year that the value of charity investment assets had risen, and the report says it expects this trend to continue.

It says 72 per cent of organisations reported an increase in the value of their investment assets in 2016/17, compared with 52 per cent the previous year.

But three-quarters of the total investment assets held by the top 5,000 charities were concentrated in 196 organisations, the report says, all of which had assets worth more than £60m.

The Wellcome Trust, which has £23.8bn in assets, accounted for £2.5bn of the £8.3bn increase in the value of assets on its own.

The next largest increases in the value of their investment assets were reported by the Children’s Investment Fund Foundation, on £1.1bn, and the Church Commissioners for England, with £724m.

The total value of the charity sector’s investment assets was 84 per cent greater than 10 years before, the report says.

It says that overall return on investment assets – minus property – increased slightly to 2.96 per cent from the 2.91 per cent it recorded in 2015/16.

Cazenove Charities was found to have the most clients in the top 5,000 charities, with 287, according to the report, with Rathbones Investment Management in second place with 238.

The number of firms managing charity assets fell by 27 to 251, the report says.

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