A report by the National Children’s Bureau estimates that the 34,000 charities in England that work mainly with children and young people face cuts of almost £405m in statutory funding over the five years up to 2015/6. A significant minority of charities fear closure over the coming year. NCB consulted 74 charities and found they are taking various actions to manage the impact of the cuts: reducing the number of staff; cutting back on the range of services they offer; developing consortia and mergers. The survey also found that charities face barriers to dealing with the financial challenge due to a lack of capacity to develop partnerships and shared services, and a lack of understanding about new business and funding models.
The report is available to read here: http://www.ncb.org.uk/media/705870/beyond_the_cuts.pdf
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