![]() Given these findings, it is perhaps surprising that we haven’t seen a significant number of charities fold since March 2021. The majority ( 60%) saw a loss of income, and a third ( 32%) said they experienced a shortage of volunteers. Perhaps the most striking finding is that nearly all charities were impacted by the pandemic – over 90% told us that they have experienced some negative impact from Covid-19, whether on their service delivery, finances, staff, or indeed on staff morale, resulting from the months of frustration and uncertainty. Nonetheless, the research does allow us to draw a few clear conclusions. So it is not possible to make a simple summary of what COVID-19 has meant for charities in England and Wales. The charity sector is immensely diverse – many charities are tiny and are entirely reliant on volunteer trustees, while others run complex national or international operations, employing hundreds of staff. Today we are publishing the findings of that research, so that others draw their own insights and conclusions from the data. ![]() We also worked with our research partner Yonder to commission independent research looking at how charities of different sizes perceive the impact of the pandemic on their finances, governance and operations. This involved interrogating the data we already hold – including through the annual return, through reports from auditors, whistleblowers and charities themselves, as well as existing research prepared by charity sector bodies. To that end, we undertook a project to assess the impacts of COVID-19. But as regulator, we needed more concrete data to help us understand how the pandemic has shaped charities so far, and, crucially, to gain a picture of the risks that may lie ahead. These anecdotal accounts help us understand what the pandemic ‘felt like’ from the perspective of people involved in, and reliant on, individual charities. There have been many reports in the media over the last 18 months about charities hit by increased demand, about others struggling to fund their services as restrictions were imposed, and, in a few cases, we’ve heard of charities whose income sky-rocketed thanks to extraordinary fundraising efforts.
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