Bull and Bear were at the St Bride’s Managers vs Boost Charitable Trust Annual Golf Day on Thursday and are now discussing the challenges ahead for the charity sector.
Whilst overall UK donations were up last year, fewer people appear to be giving. And with less volunteering too, the UK has crashed from third place four years’ ago in the World Giving Index to its lowest-ever spot … twenty-second.
They discover that there are now 11,200 charity shops on the UK high streets … desperately trying to bolster their income.
Yet, like everyone else, charities and foundations have seen a sharp fall in the capital value of their investments.
One of the saving graces for them though has been the reliability of the distributions received from their property fund investments.
But above all, everyone in the sector will be hoping that the Chancellor leaves the charities’ various property tax reliefs in place on 30 October.
Enjoy your Sunday.