Charity Aid Foundation’s (CAF) annual survey of charity leaders was published last week, revealing that 58% of the charity leaders surveyed said that their number one challenge was to generate income and achieve financial sustainability. 21% of charities said they planned to use charity reserve funds to cover income shortfalls rather than for capital expenditure – this was twice as many as in 2019 (10%).
The second challenge facing charity leaders is meeting demand for services (30%), followed by a reduction in public/government funding (26%). Despite these challenges, the majority of charity leaders 81% are optimistic about the future of their organisation. When it comes to demand for charities’ services, most leaders (86%) expected demand to continue to increase following the pandemic. 80% were confident they could meet this demand, but were less optimistic about the wider sector, especially around government support for the sector
2022-12-15