Addington - Independent of State Funding
Aug 03, 2011 - 02:17 PM
Over the last twenty four hours there has been quite a lot of news coverage given to charities that are having their funding severely reduced due to local government funding cuts. The Addington Fund does NOT rely on any statutory funding to cover the general running costs of the organisation. We are benefiting from EU/Defra funding streams in the South-West, but this is for specific work that will INCREASE the capacity of the Fund.
Fund Director Ian Bell comments “Channel 4 News last night had some interesting interviews which questioned the business ability of charitable organisations. I never make any apology for saying the Addington Fund is run like a business-it has to.
“When we started our housing work in 2002 we had a unique opportunity to create a long-term viable charity and the business model we adopted nine years ago still works. We have the ability to generate sufficient income to cover the day to day expenses of staffing and running the office and maintaining and insuring our growing property portfolio.
“We do receive donations specifically to cover certain costs, apart from which, I assure you that every penny of every donation reaches the families for whom it is intended”
Strict financial management means Addington are in a good position to be able to incorporate other charities, such as in the recent case of The Cheshire Rural Trust, and can look to taking additional loan capital from other charities such as The Jersey Cattle Society of the United Kingdom and the National Farmers Union (NFU).
If you would like to discuss any aspect of the Addington Fund, please feel free to contact us on 01926 620135 or keep update by following us on Facebook or Twitter
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