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Old 11th May 2018, 09:55
  #25 (permalink)  
Thomas coupling
Join Date: Aug 2000
Location: UK
Posts: 3,666
Many charities are now coming into the firing line:

The RNLI has more than 250m invested and assets worth another 150m. Ray Kipling, the charity's deputy director, said: "It will cost us, we estimate, 80m to run the lifeboat service next year. "We can't stop the boats going out if we don't have enough money." Mr Kipling said 20 years ago "we were down to virtually no reserves and we were making plans to close lifeboat stations. That is not a situation we can contemplate now". But charity finances suffer from a chronic lack of transparency, says Guy Stafford, co-author of a report on charities for the conservative Bow Group, which seeks to influence Conservative Party thinking. He said: "A company has a clearly defined objective which is to raise money or make profits. "The problem is that it is almost impossible to know what charities do with the money that is donated to them."

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