Trends & data analysis

Eastern charities grow income despite big fall at Academies Enterprise Trust

15 July 2015

Organisations based in the East of England up by 8.5% when AET is excluded

Charities in the East of England have seen their income rises by 2.7%, but the figure would have been an impressive 8.5% were it not for a large decrease at the Academies Enterprise Trust.

Charity Financials holds data for 509 charities with a primary address in the Eastern region and a most recent annual income of £1m or more. Some 483 have income figures for at least two of the last three years, and these charities have a most recent income of £4.47bn. This compares to £4.35bn the previous year.

The Academies Enterprise Trust (AET) has a major influence on these results having seen its income fall by a massive £209.9m to £314.1m (-40.1%). This was because the previous year it had received large transfers from local authorities as it took over schools and turned them into academies.

If the AET is excluded from the sample, the remaining charities saw their income grow by an impressive 8.5%. Leading the way was the CITB (Construction Industry Training Board), which saw its income up £28.1m to £273.7m (+11.4%) as revenue from its statutory training levy increased.

Elsewhere, the United Learning Trust was up £28.0m to £229.1m (+13.9%) following increased grants from the Department for Education, while Barnardo's was up by £27.7m to £285.8m (+10.7m), in part due to property sales but also due to increases in fees and grants for services and trading.

The top 10 charities based in the East of England and their most recent incomes are as follows:

1. Academies Enterprise Trust £314.1m
2. Barnardo's £285.8m
3. CITB £273.7m
4. United Learning Trust £229.1m
5. Action for Children £179.7m
6. RSPB £127.0m
7. Grace Trust £91.7m
8. Childwick Trust £80.0m
9. Trinity College Cambridge £67.7m
10. Stewardship Services (UKET) £62.9m

 

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Gareth Jones

Gareth Jones is a journalist and communications consultant specialising in charity finance. As editorial manager of Slack Communications, he co-authors Charity Financials' range of Spotlight reports and writes regularly for the Guardian Voluntary Sector Network. Previously he was editor of the Charity Finance Group's member magazine Finance Focus and senior reporter at both Charity Finance magazine and CivilSociety.co.uk

Elsewhere he writes articles and edits special supplements for the New Statesman, advises businesses and charities on their PR, blogging and digital strategies, and holds a master's degree in Public Policy from King's College London.

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