Voluntary Organisations and the Economic Crisis: Riding the Storm, a new report from FRP Advisory claims that one-fifth of charities and not-for-personal-profit organisations face insolvency risks because of spending cuts. Just under half have scaled back activities in order to reduce costs, with the majority of these making redundancies.
The report is frankly pretty gloomy reading but it is useful. For example, the two pages on ‘Background: fiscal policy and public spending cuts — ‘a fight for survival’ (pp.5-6), do a brilliant job of analysing and drawing together the factors currently having an impact on the sector.
Tee report can be downloaded here but requires registration and the provision of a modest level of personal information.