The Charity Finance Group have analysed the Government’s new budget to see what the impact is for charities.
The past 18 months have been particularly tough for the charity sector. The pandemic put a stop to face-to-face events, bringing with it, a huge loss of income for many. This also, came at a time when lots of charities really stepped up to the challenge of meeting the increased demand for resources caused by the pandemic, working to their limits to support those in need.
This is no different for RASASC, where we have seen an increase in referrals across our services. Faith Kitchen, Customer Segment Director at Ecclesiastical Insurance, also volunteers for RASASC on our confidential helpline. She says:
“The government has missed a unique opportunity with this budget, the first since before the pandemic, to put an end to charities having to pay IPT. (Insurance Premium Tax)
“Our charity insight barometer found that financial pressure was the biggest risk facing charities. By granting charities exemption from this tax the government will free up vital funding, enabling them to continue to carry out their vital work and to plan for the future.
“Charities have constantly stepped up to support those most in need and the last 18 months has tested them to their limits. The loss of funding through fundraising activities and an increase in demand for their services has left many charities at crisis point, using vital reserves to stay afloat.”
Charities are now focussing on trying to recover and move forward from the pandemic, while still being there to support those that need our services.
To help us do this, we need your support more than ever. To make a one-off or regular secure donation towards RASASC’s vital work supporting survivors of rape and sexual abuse across Surrey, please visit our JustGiving page, thank you.