ESRC publish report on financial vulnerability in English and Welsh charities following Coronavirus (COVID-19)

Article summary

The Economic and Social Research Council (ESRC) and a group of UK universities have published a report titled: ‘Patterns of financial vulnerability in English and Welsh charities after the onset of Covid’, which provides an assessment of the scale of changes in the incomes of charities after the onset of coronavirus (COVID-19) until late 2020. Comparing measures of financial vulnerability with the previous experience of charities from 2000 onwards, the report demonstrates how charity finances have become more volatile over the past decade and shows that a significant minority of charities are experiencing financial changes of an order of magnitude not recorded previously in recent times. Using data on the distribution of awards to charities in response to coronavirus (COVID-19), it also shows that these were not necessarily made to organisations experiencing the greatest financial difficulties, meaning there was no clear relationship between financial vulnerability and receipt of...