The fourth Managing in a Downturn report, carried out by the Charity Finance Directors Group (CFDG), the Institute of Fundraising and PricewaterhouseCoopers revealed that organisations are bracing themselves for cuts of eight percent, with 93% already experiencing a drop in their income levels and 44% with no option but to use their reserves.

However some respondents remained positive about the possibility of funding sourced from the private sector.

Chief executive of CDFG, Caron Bradshaw, urged charities to be responsive to the changes in the funding landscape, and to work together saying:

“It is important that the sector pulls together to support those who need to change rapidly, to adapt to new expectations or to capitalise on opportunities.”

To view the full report please click here (opens in new window).

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