Kreston Charities Report 2021

This research carried out by the Kreston Charity Group paints a mixed picture of the current financial health of the charity sector but, with a confident outlook for the future.

The Kreston Charities Survey 2021 questioned their client charities, the responses addressed the current financial picture, use of government coronavirus support, and the future of the sector.

The key highlights showed:

• More than 95% of the charities questioned believe they have been financially resilient during the pandemic, despite less than 10% previously having risk-assessed this situation.
• Almost 80% of the charities are happy with their current reserves levels.
• 65% expect income to increase from current levels.
• 97% believe they will be able to survive the next 12 months.
• Over 70% are expecting an increase in demand for their services.
• 57% have been providing more services online.
• 53% have accessed the Coronavirus Job Retention Scheme.
• 18% have used the Coronavirus Community Support Fund.
• 60% are considering flexible working going forwards.
• Over 70% envisage a blended mix of face to face and online Trustee’s meetings in the future.
• Government support was rated at 6.7/10 overall.
   

The report also highlighted details of the changing working practices implemented during the pandemic that are expected to remain including flexible working, more digital and online services, and mental health and wellbeing support for employees.

Download the full report here.