The Chair of the Charity Commission, Dame Suzy Leather has urged organisations who are heavily reliant on Government funding to take steps now to diversify their revenue streams before the impending spending cuts take effect in March next year. Commenting on the fourth Economic Survey of Charities, which revealed that 86% of charities surveyed were optimistic about the sector’s economic position next year, Dame Suzy said: “There is a real concern that charities that receive money from the public purse to fund their work could find themselves at a financial cliff edge in March 2011. Optimism is very important, but it must be matched by a recognition of the reality of the financial situation. We want trustees to channel their formidable energy into doing all they can to protect the valuable work of their charities.”
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