Survey shows plunge in UK Charity assets

The assets held by the UK’s largest 1,000 charities fell by over £2bn in 2009, owing largely to decreases in asset values and an increase in their expenditure levels, according to the annual JM Finn Charity Performance Guide.

While the income of the top 1,000 charities fell from £13.1bn to £12.5bn, their charitable expenditure rose from £10.3bn to £10.7bn. This left the value of the sector’s investment assets as a whole down by about 3.1% and the investment assets of the 1,000 charities with the largest portfolios also down from £67bn in 2008 to £64.9bn.

The Charity Performance Guide is compiled from the annual reports for the Top 1000 charities in the UK when ranked by investment assets. The publication is sponsored by JM Finn & Co, a UK privately owned investment management firm founded in 1945, has discretion over or advises on £5.1bn as of 30th September 2010.

Marketing manager Paul Farrant said charities have borne the brunt of the recession, experiencing large drops in funding from local and central government, or other grant making bodies. “In addition they have seen other revenue streams dry up, bequests have become smaller and less frequent due to the lower equity and property markets, while weak consumer confidence has resulted in lower levels of donations and gifts.”

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