Embracing change: Helping the charity sector post-Covid 19
One in 10 UK charities could face bankruptcy by the end of the year as they struggle to cope with a £10bn shortfall caused by soaring demand for their services and lost fundraising income due to the coronavirus pandemic, according to a recent article in The Guardian.
Sadly, charities have been hit at a time when people are depending on them the most. The pandemic almost put a stop to the charity sector's ability to raise funds from corporations and the public. In the U.K. over half of the charities with public sector contracts also boost these with their own fundraising. But with such a drastic fall in public donations, they could lose more than £10billion by the end of the year according to NPC, a charity consultancy and think tank.
NPC Policymaker Tom Collinge says:
“Charities are in crisis. Beyond the immediate funding shortfall, the economic and social changes brought about by Covid-19 will create a raft of new challenges that charity leaders will have to grapple with, from big questions around governance and longer-term funding models, to how to equip themselves to continue delivering services. But the crisis also gives us great opportunities. We don’t want or need to go back to all the ways we did things in the past. How radical we are will depend upon our appetite for bold change.”
Mark Harris, Managing Director, The Business Company said:
“We like to challenge and inspire the charity sector to do the very best it can. We are all too aware of the key issues it faces and always try to unite their teams, play an advisory role in identifying how best-practice can be improved, what solutions can be applied to achieve their new-found objectives in a very different landscape. We recognise that charities will need to adapt quickly if they are to survive and embrace the changes that have been enforced upon them. It’s managing ‘change’ coherently that will help to align them so they can move forward in the post-pandemic world.”
The Business Company works with a number of charities in and around the West Midlands/The Marches. One such charity, Linden Davies Cancer Fund has been receiving support and business mentoring from Mark and his team of strategic advisors.
Lingen Davies has been funding projects to improve cancer services in Shropshire, Telford and Mid Wales for nearly 40 years. The support they receive from local people is incredible - they never fail to come up with new and innovative ways to raise money (including the Lingden Lockdown Challenge, which has just entered its second week!)
The charity has been through some major changes in recent years, and they continue to grow and develop. They believe that their new ways of working have made them more effective, sustainable, and impactful partner in supporting cancer services for people in their area.
Helen Knight, Development Manager, Lingen Davies Cancer Fund said:
“Mark has been coaching, mentoring, and supporting me as I started on an exciting new journey as Development Manager for Lingen Davies Cancer Fund.
A charity close to Mark’s heart, which has given him the passion and time to gain a real understanding of what we are trying to achieve. He can quickly assess individuals' needs and those of the business.
Mark has supported me in talking me through my big plans into tangible working documents. He has been a sounding board, offered new ideas and advice on how to approach situations.
Mark is upbeat, a natural optimist, and an absolute pleasure to be around. I know time with Mark is always going to fun, productive, and thought provoking.”
The Government is currently boosting the efforts of funders and philanthropists by doubling the money going to charities in England, Culture Secretary Oliver Dowden announced in July. From 18 July to 31 August, funds raised through selected coronavirus charity campaigns will be matched pound-for-pound through the new ‘Community Match Challenge’.
“Funders, foundations, and philanthropists – whose coronavirus campaigns have raised millions for the most vulnerable since the pandemic struck – are invited to apply for a share of £85m to match their donations to good causes”.
Many charities will be engaging experienced objective advisers to support them during this process to ensure a level of objectivity and structure. The Business Company, has over a decade of experience in this field, and we are keen to support our economy across The Marches/ West Midlands. We are offering a free ½ day initial analysis to support charities from all sectors who would welcome support.