New Forest Ribbon
New Forest

14/01/2019

Charity Financials

The key findings from the recent report from Charity Financials include:​

  • Barclays is the most popular bank used by the top 5,000 charities, closely followed by NatWest, with 20.4% and 19.98% market share respectively.
  • Charity cash values have increased by half a billion pounds since last year, from £16.2 bn to 16.7bn.
  • 55% of charity-bank relationships have lasted a decade, and 14% have lasted more than 16 years.
  • Over the past year, Santander gained the most clients and Co-operative Bank lost the most clients.
  • Lloyds saw the biggest cash growth in the past financial year, with a £292m increase, and HSBC saw the biggest decrease in its cash levels, which declined by £114m.
  • Charities Aid Foundation continues to be the biggest cash holder and the biggest borrower is International Finance Facility.

For further information on the Charity Financials Findings, please contact Michaela Johns on 023 8046 1256.

Latest Tweets

Discretionary funding is available from local councils for businesses who meet a set list of criteria. There are a number of exclusions, and businesses can find out more via their local council websites http://ow.ly/D3co50BRbld

From the 1 January there will be new rates for customs duties and businesses will need to decide how they account for import VAT when making a customs declaration http://ow.ly/oZjR50BRb7E

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.