Falling charity revenues

Charities and Community Interest Companies (CICs) are just as exposed to the economic environment as are trading companies. Importantly they are suffering from falling revenues due to a reduction in charitable giving, costs may be rising and there is growing demand for their services owing to the rollback of government support in many cases. Charities that do not have large reserves that they can call on may need to scale back what they are doing and can do in the future. Alternatives include merger, takeover or liquidation. Professional advice should be obtained as soon as possible. 

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