Charity Finance Group reports growth in reach and a year of significant change

12th August 2014

Charity Finance Group released its 2013-14 annual report today, showing a year of continued change and development, despite the tough economic climate.

During the financial year CFG underwent a complete change management programme, successfully shifting the skills base of the staff, particularly at a senior level, and driving forward changes to the way in which CFG develops and delivers support to the sector.

Caron Bradshaw, CEO of CFG said:

“In what was generally a tough year we are pleased to have increased our overall income, excluding donated goods and services, by 7%.  At the same time we embarked on a major change programme which required a significant investment from our reserves.   However this year, on the back of our most successful annual conference ever, in May, with 15% more delegates attending, and unprecedented levels of booking for our SORP training sessions, with over 1,000 bookings already, I am confident our calculated risk is paying off.” 

She went on “Last year we increased our programme of events, putting on 14% more opportunities for finance people to share knowledge and learning, our delegate numbers have risen by 10% and whilst, disappointingly we’ve seen a small drop in the number of organisations in membership, we have deepened our relationship with our members, seeing growth in the number of individual members by 4%.”

Ian Theodoreson, chair of CFG said:

“These changes will drive up the quality of the products and services we provide to members and the wider sector, broaden the range of training we can offer, such as bespoke in house training, and maximise the quality engagements between our sector corporate supporters and charities.  We are now confident that we’re in a position to deliver our ambitious targets for growth and reach in 2014-17, and though there is still much to do we believe CFG is now fit for the future.”

- Ends -

Notes to Editors:

  1. Charity Finance Group; inspiring the development of a financially confident, dynamic and trustworthy charity sector. Charity Finance Group works with finance managers to enable them to give the essential leadership on finance strategy and management that their charities need; promoting best practice in charity finance, driving up standards, campaigning for a better operating environment and ensuring every pound given to charity works harder - it’s essential to maintain the trust of charity donors. CFG has more than 2,200 members, all senior finance professionals working in the sector and collectively our members are responsible for the management of over £19bn in charitable funds.
  2. CFG’s full annual report for 2013/14 can be seen here: http://cfg.org.uk/about-us/annual-reports.aspx
  3. For further information, please contact Niroosha Loganathan, EA to the CEO: niroosha.loganathan@cfg.org.uk, 020 7871 5483.
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© Charity Finance Group / © Charities Resource Network / Registered Office: 15-18 White Lion Street, London, N1 9PG.
A Company Limited by Guarantee. Registered in England No. 3182826, Registered Charity No. 1054914, Registered VAT No. 945 6038 09.