Kreston Global Charities Report 2024.

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Despite the UK grappling with a cost-of-living crisis and inflation sitting at 4% in January 2024, almost half of the charities surveyed have a positive financial outlook. However, pressures still remain on income streams and, whether it’s wages, energy, insurance or rent, charities are facing huge challenges when it comes to rising costs.

What’s more, as well as continuing to recover from the effects of the Covid-19 pandemic, which saw an increase in demand for services, charities must also face regulatory and financial requirements both domestically and internationally.

This survey was extended to clients of the Kreston UK Charity Group, which works with more than 2,000 charities of various sizes offering ma range of services across the UK.

Understanding and considering the experiences of a wide range of charities can provide important guidance so that the sector can adapt and grow, helping to deliver the best outcome for the country and its people.

This report, based on a survey of more than 80 UK charities, explores the financial outlook of the third sector, the challenges and risks being faced, and attitudes surrounding key topics such as diversity, recruitment, digitisation and sustainability.

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