Almanac data shows charities subdued by financial climate
New data released from NCVO’s UK Civil Society Almanac 2013 shows the powerful effect that high inflation had on charity sector finances in recent years. NCVO's UK Civil Society Almanac 2013 examines charities' accounts for financial year 2010/11.
In cash terms, the charity sector generated an extra £2bn in income in 2010/11 compared to the previous year, with a total income of £38.3bn. But rising costs – inflation was at 5% – wiped out the effect of this increase and meant that the sector’s real-terms income was almost identical to its level in 2009/10.