Throughout 2013, the fate of the voluntary sector hung by a very thin thread. In the previous December, the Charities Aid Foundation survey found that one in six charities believed they could face closure within a year. More than eight out of 10 said the charity sector was in crisis and, as the year progressed, many of those fears came to pass. London Voluntary Service Council (LVSC)’s “Big Squeeze” report found that 27% of its members closed services during 2013; 51% reported a reduction in overall funding and 82% saw an increased demand for services.
The question is, how long can the sector go on like this before it reaches breaking point? Or has the thread snapped already?
More info in this article from the Guardian.
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