Third Sector Round-up

In this article, we set out some of the news items that have caught our attention over the past few months.

Prince Harry’s Seven Figure Donation

In 2006, Prince Harry and Prince Seeiso created Sentebale, a charitable organisation that aims to help children in Botswana and Lesotho living with the effects and symptoms of HIV.

COVID-19 caused major setbacks to Sentebale’s plans, so in the effort to put their plans back on track, Prince Harry personally donated £1.2 million and the charity itself has raised £5.5 million, allowing it to grow by over 50%.

The Impact of the Cost-of-Living Crisis on Charity

The cost-of-living crisis has affected all of us in some way. The charity sector has taken a huge hit, with the Benefact Groups Value of Giving report stating donations have fallen by more than 50% in the UK (down from £9.3 billion to £4.3 billion) over the course of a year. In addition, people have less time for unpaid work, so volunteering has also seen a 50% decline.

However, as we have entered into 2023, things are looking a little brighter, with post-pandemic statistics looking more positive and the sector being worth more than the sports and gambling sector.

The Business Charity Awards 2023

This years’ Business Charity Awards was held in London on Wednesday 10th May. It was an eventful day with many awards being handed out. Notable mentions are:

– Sky was named business of the year

– Yorkshire Building Society won CSR Team of the Year

– John Lewis were project of the year winners.

The full list of winners can be found here:

Spring 2023 budget

After the decline in the charity sector from the pandemic, numerous charity organisations expressed the need for industry support. The Spring 2023 budget has shown that the government has heard and is acting on this.

The notable additional funding includes £100 million for assistance with charity energy efficiency and service delivery, £63 million for public pools and their energy efficiency, and £10 million for suicide prevention charities.