Tearfund has reported an increase in funding from emergency fundraising appeals while government grants to the charity have fallen.
Grants from the US government fell by more than £4m in the March 2022, while those from the UK and Dutch governments also decreased by more than £1m, the charity’s latest accounts show.
But the Christian global development charity reported a more than £3m increase in its income from appeals and emergencies, including more than £1m more from the Disasters Emergency Committee.
Meanwhile, the charity saw its employee costs fall by over £1m last financial year, despite there being an increase in higher earners.
Total income falls by 2%
Tearfund also saw a slight decline in total income this financial year, from £81.4m last year to £79.5m in 2022.
Some £3.7m came from emergency appeals like Afghanistan, while money from government grants was down by £2.2m (8.5%).
Despite the decline in income, expenditure at the charity remained similar to the year prior at £76.9m.
Staff costs fall
Accounts for the charity ending March 2022 show £31.7m was spent on UK and overseas staff as opposed to £32.7m the year prior.
This coincides with a fall in 149 employees, but accounts show that six more employees are earning between £60,000 - £70,000 annually compared to 2021, making the total earning this 19.
Similarly, there are now seven staff earning £70,000 - £80,000 per year compared to just three in 2021.
The charity’s two highest earning members of staff worked in its international programmes and received £90,00 - £100,000 and £140,000 - £150,000, respectively, the same as the year before. These payments included accommodation, school fees, medical and other benefits.
Tearfund’s accounts state £61,000 was spent on redundancies and severance pay, a significant fall from the two previous years when it paid £248,000 and £296,000, respectively.
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