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72% of Interims say income is still falling in charity sector One in four charities making job cuts Interims helping charities transform operations and cut costs |
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72% of Interims say income is still falling in charity sector One in four charities making job cuts Interims helping charities transform operations and cut costs |
10 September 2009 – A new survey of over 450 charity Interim managers from Interim provider, Russam GMS revealed that 72% of UK charities have experienced falling incomes, 64% have put recruitment and IT projects on hold and 25% have cut jobs in the past six months. But in spite of this, they are taking many steps to recover.
Two thirds of Interims said that charities have increased their fund raising efforts and that many cost saving measures have been introduced. 40% said that cash flow is being tightly monitored, 25% said charities have reduced headcount and also claim charities are introducing more collaborative working and sharing services and costs (15%), improving governance (14%) and increasing their marketing efforts (11%).
Full story available here (Word doc)
Web version available here
Ian Joseph looks at how Interim Managers can help Charities can find new income streams and successfully tender for grants to help them get through the downturn.
Larger organisations are feeling the impact of the credit crunch too. The British Red Cross was forced to cancel its Thameside winter gala ball last year, because it failed to find a corporate sponsor for an event which usually raises £500,000. Shelter, the housing charity, lost £400,000 in the space of six weeks last autumn when corporate sponsors cancelled donations. READ FULL ARTICLE (Word Doc)
It is not just applying for new funding that is challenging; many charities rely heavily on government grants or contracts and simply find they reach the inevitable point where the money runs out and they either need to contract (get smaller) or to replace the income from voluntary sources if they are to continue to supply the service. When this is realised by the CEO/Trustees, they often come to me. READ FULL ARTICLE (Word doc)