Coronavirus sees almost 25% drop in charity income

Coronavirus sees almost 25% drop in charity income

The outbreak of coronavirus has had a devastating impact on charities – with the third sector facing a near 25% reduction in income this year.

It comes amid an unprecedented surge in demand for their services while they face a downturn in funding and number of volunteers.

The pandemic has forced many charity shops across the UK to close their doors while major fundraising events, such as the London Marathon, have had to be called off.

Research from the Institute of Fundraising has revealed charities across the UK are expecting a 24% reduction in their overall income for 2020 ­- a total loss of £12.4billion nationwide.

Charities need the support of the public now more than ever.

They rely heavily on money left in wills, with around a quarter of their funding raised this way.

With the launch of Will Aid 2020 in November, there has never been a better time to get your affairs in order.

It is also the perfect time to think about setting aside some money to leave to a charity close to your heart.

Will Aid is a partnership between solicitors and nine UK charities - ActionAid, British Red Cross, Christian Aid, NSPCC, Save The Children, Sightsavers, Age UK, SCIAF and Trocaire.

Hundreds of solicitors have signed up for the campaign nationwide, waiving their fee for a donation to the cause.

A suggested donation is £100 for a basic single will and a £180 for basic mirror wills.

Many of the charities are on the front line in reducing the impact of the pandemic and need your help.

Age UK is playing a huge role in supporting older people most at risk of the direct effects of the virus, while ActionAid has been working to support people in some of the poorest parts of the world  as well as preventing the spread and migration of the disease.

For more information about how to leave a legacy, or to get involved in Will Aid visit: https://www.willaid.org.uk/