The Charities Aid Foundation (CAF) distributed £876.2m to good causes last year, after a 5% increase in donations.
In the year to April 2022, CAF reported that it provided income to more than 100,000 charities across 135 countries.
Part of this funding to charities has been facilitated by CAF’s resilience fund, a £40m partnership with the Department for Digital, Culture, Media and Sport.
Meanwhile, donations distributed to charities from CAF’s private clients increased by more than 26%.
On first glance, it would appear that CAF sent £82m less to charities around the world in 2021-22 than the year before, as in it 2020-21 accounts CAF reported a record £958m paid to charities.
However, CAF said this was due to changes in its accounting methods and has now revised last year’s figure down to £874.1m.
CAF’s income increased by £35m last year
Total income to Charities Aid Foundation’s (CAF) stewardship rose by over £35m to £1.04bn according to its 2021-22 accounts.
Overall donations to the CAF increased by £65m since 2021, which partially accounts for the increase.
Legacy income for CAF rose by almost 12% from £21.8m to £24.7m this year. Due to this increase, there is “increased risk of misstatement due to error or fraud in respect of legacy income”, the accounts read.
CAF’s accounts are consolidated and thus include the income, costs and balance sheets of its charitable and trading subsidiaries in the US, Canada and the UK.
Gift Aid linked accounts income down
The income CAF received from Gift Aid linked accounts declined from £79.5m in 2020-21 to £74.8m for its latest financial accounts.
Payroll giving payments through CAF reached almost £8m in March 2022 as people responded to the DEC Ukraine appeal and others.
There has been a slight increase in donations raised directly by charities through CAF's Donate tool from the year prior of £1.4m, making the latest financial year’s total £45.4m.
Neil Heslop, chief executive of CAF, said: “The charities we serve face many challenges after surviving the pandemic, with inflation challenging their organisation’s finances and the people they support. However, we know that during times of crisis, people respond with generosity, and CAF is determined to increase our support of donors and charities towards a fair and sustainable future for all.”
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