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CFG's Trustee's Annual Report 2021/22

We are delighted to share with you our Trustees' Annual Report and Financial Statements for 2021/22.

Charity Finance Group (CFG) has shared its Trustees’ Annual Report and Financial Statements for the year ending April 2022.

‘Leading the way for our community’ sets out how CFG has continued to connect people and social purpose organisations across the charity finance community, convene powerful networks, and build resilience with a strong focus on CFG’s people and membership proposition.

The financial statements reflect the challenging environment charities and membership organisations continue to operate in. However, the charity has achieved its plan to manage deficit reduction from £224,000 (2020/21) to £87,000 (2021/22) and income rose to £1.3m. Total spending was £1.4m.

The charity has paid back 80% of a £250,000 Coronavirus Business Interruption Loan. Free reserves stood at £158,800, down from £224,000 in the previous year.


Commenting on the year, Caron Bradshaw OBE, CEO, Charity Finance Group, said:

“We’re proud of our 2021/22 Trustees’ Annual Report. It reflects another challenging year, but one where we were able to look ahead positively and take steps to invest in our people, systems and infrastructure.

“We’ve continued to invest in our digital first strategy and improve our processes and, most importantly, we’ve invested in our staff. Our people make everything possible, from speaking up for the sector, to providing much-needed support, inspiration and opportunities to our charity members and corporate partners, no matter where they are based.

“Despite ongoing difficult trading conditions, we remain upbeat. Every week we see the positive difference our community is making to those who manage charity finances and we’re reaching more organisations than ever before, following our recent registration with OSCR to provide services in Scotland.

“Through the crucial investments we’ve made, and with the support of our incredible members, partners and volunteers, we will continue to be the source of expert advice on charity finance.”


Rui Domingues, Director of Finance and Operations at the charity, adds:

“It has been another tough year both operationally and financially and, of course, we are now facing into a cost-of-living crisis. However, we are in a strong position due to the decisions we took in 2020/21 when we were part-way through a planned spend down on our reserves.

“Our reserves have enabled us to quickly adapt to unexpected changes in the operating environment. In 2021/22 we stuck to our strategy of reducing our planned and manageable deficit, and we’ve paid back most of our business interruption loan. I am proud of the progress we have made, and our strategy to further reduce the deficit remains on track.”

Gary Forster, Chair of the Board of Trustees, comments:

“As we all know, however good your annual report and accounts are, they can only ever give you a snapshot of the organisation at that point in time. However, this year’s report strongly reflects the energy, passion and commitment that goes into making CFG the fantastic professional community that it is.

“The strain that the cost-of-living crisis is now putting on our people and communities is not lost on CFG’s board of trustees and leadership team. I am very proud of how they and the staff team have continued to move CFG forwards during the year. The team has shaped new opportunities for members, connected powerful networks and advocated on behalf of the whole sector, all whilst putting people first.

“With the ongoing support of our members, partners, volunteers and funders, we have much more to look forward to in the coming year.”

Read our 2021/22 Trustees' Annual Report:


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