We are all aware of the cost-of-living crisis and how that is affecting us as individuals, but it also has implications for the vital charities within our communities.

Charities continue to do amazing work, despite tighter budgets, as they balance providing staff with sufficient wages to cover ever-increasing living costs, whilst still having money to keep their own lights on. Additional support for the sector would be welcomed and the Fundraising Regulator has begun a two-year review of its Code of Practice to identify and implement improvements.

In the meantime, charities may need to consider how to diversify and stabilise their income streams. There are a number of ways charities can maximise the funding available to them, whilst continuing to provide the crucial support they offer, including:

Review Restricted Funds

Charities may need to look at how they operate to cope with the cost-of-living crisis - Lianne Lodge