29 Oct 2012
NSPCC's income drops by £13m
"Income at the NSPCC is down by nearly £20m on four years ago, as the charity reports its fifth consecutive budget deficit.
The NSPCC’s annual accounts show a drop in income of £12.9m to reach £135.7m and a deficit of £3.1m for the year ending March 2012. Income is the lowest it has been since 2006’s £116.4m, and the loss is greater than last year, when the charity was £1.97m in the red – although it is not as high as the deficit in 2010, which was £5.2m.
For 2011/12, NSPCC reduced spending on fundraising by 7.3 per cent and raised 5 per cent less than in the previous financial year. During the most recent financial year it spent £24.3m to raise £122m. In 2010/11, the charity still managed to grow fundraising income by 1.7 per cent to £128.5m.
The total decline in income (8.7 per cent), was attributed by the NSPCC as “largely due to a reduction in income from fundraising events and statutory sources”. Income from fundraising events fell by £3.7m to £7.8m and the NSPCC reported a decline in corporate support also. Ninety per cent of the charity’s income comes from voluntary sources."
NSPCC income falls by £12.9m this year, according to annual report
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