As the cost of living crisis deepens, not only are people cutting back on donations but many charities are also experiencing an increase in demand for their services. Meanwhile, the rising costs of energy and food are causing additional pressure on the many smaller charities, struggling to maintain their services.
One Bristol business, ActionCOACH Bristol, believes that through their professional coaching, they can not only help Bristol charities to recover any income lost as a result of the pandemic but can help them to increase their income. The organisation is on the lookout for a local charity who they can support with free coaching, including lessons in financial management and marketing.
New research from Charities Aid Foundation (CAF) found that for over half of the charities surveyed, financial stability and generating an income is one of their top challenges. CAF CEO, Alison Taylor said: “After two years supporting their communities throughout the pandemic, they are also having to find the funds to pay higher costs. With tightening household budgets impacting donations, there is a perfect storm facing the sector”.
