The Charities Act of 2006 is the most important piece of legislation in terms of charities and charity funding that has been introduced in recent years. The Act has been amended in fairly significant ways since its inception 5 years ago. This reflects the large number of changes that the charity funding sector has undergone recently, including everything from attempts to reduce bureaucracy to redefining charities and charitable purposes. http://www.bharatbook.com/detail.asp?id=217750&rt=Charity-Funding-2011-Market-Assessment.html
One of the main challenges that the charity funding sector has faced in recent years is the recession, as many charities rely on contributions from the public and the retail sector. Other forms of income for charities involve corporate funding, which is money that comes from businesses and banks, etc. The banking sector has been hit very hard by the recession and so funding from these sources is limited, despite the Government labelling 2011 the Year of Corporate Giving. The Government has also played a part in setting the backdrop for the current market, reducing funds being paid to charities in order to deal with the country’s budget deficit. This means that charities must work harder to find money from elsewhere and rely on volunteers instead of paid staff. market research reports
Certain industry experts used in this Key Note Market Assessment have voiced the opinion that worse may be to come for the charities sector, with many predicting a ‘delayed reaction’. Needless to say, this is one possible outcome of many, and is not the only viewpoint that this report is based on.
Despite these financial difficulties, research used by Key Note in this report indicates that 70.1% of the general public who were over 16 had given to charity in the past 12 months — and this is without including money raised by children in schools or young people who had taken part in sponsored events. Despite such a large majority of the adult population giving to charity, further research commissioned by Key Note revealed that almost half of all adults had given less to charity in the past 12 months than they have done previously.
Despite times being difficult, there were more charities in operation in the second quarter of 2011 than there were in the same quarter of 2010, which provided some positive news as, quarter-for-quarter, the first quarter of 2011 showed fewer charities were operating than there were in the same period in 2010. June 2011 figures also revealed that the value of the charity funding sector was £55.99bn in 2011, up from £52.51 in 2010 and £51.47bn in 2009.
The future of the industry is hard to predict for a number of reasons. However, Key Note has predicted a trajectory for the number of charities and their combined income from the second quarter of 2012 and for the 5 years following. The industry may struggle somewhat in 2012 and 2013, when the number of charities could fall, due to reasons such as the increasing propensity of charities to merge together in order to share operating costs and office spaces, etc., and to save money so that they can provide better for their beneficiaries (this has been experienced in the past, for example, Age Concern and Help the Aged merged into Age UK in February). This will create fewer charities. However, the ones that still exist should have larger incomes. Other reasons include financial pressures and funding cuts from the Government which are due to come into effect in the future. However, after this period, Key Note predicts an increase in the number of charities, which will rise to reach 161,375 in 2016, when the sector should see a total annual income of just over £60bn.
Table of Contents :
THE CHARITIES ACT
Exempt and Excepted Charities
The Charities Bill
CHARITABLE INCORPORATED ORGANISATIONS
DELIVERY OF PUBLIC AND SOCIAL SERVICES
MARKET DYNAMICS AND SEGMENTATION
Total Industry Value and Growth
Industry Associations and Umbrella Organisations
The 'Big Society'
[(c)Mean and Median Charitable Giving Amounts on the Rise
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