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Brexit seminar – What’s next for charities?
Welcome
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Ciaran Price, Policy Officer, Directory of Social Change
@CiaranDSC
www.dsc.org.uk/brexit
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We’re not reliving the debate. That ship has sailed…
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@DSC_Charity #BrexitSeminar
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David Emerson, Chief Executive, Association of charitable Foundations
@ACFoundations
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Kathy Roddy, Senior fundraising Trainer and Consultant at DSC
@KathyRoddy
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What does Brexit mean for
fundraising?
Written and delivered by Kathy Roddy
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Main economic impacts
• Volatility on the stock market
• Marked decrease in the value of the pound against the Euro
• Marked decline in property values
• Predicted recession in 2017
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@DSC_Charity #BrexitSeminar
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@DSC_Charity #BrexitSeminar
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@DSC_Charity #BrexitSeminar
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@DSC_Charity #BrexitSeminar
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Property values
• “Asking prices for UK properties on the market have fallen on average by 0.9% (‐£2,647) so far this month to £307,824, according to Rightmove. Inner, or central, London was particularly badly hit, with asking prices there falling by 2.3% (‐£19,051).” (Business Insider UK)
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Recession
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The good news….
• We haven’t left yet!• Need to trigger Article 50• Who has the authority? The Prime Minister or Parliament?
• Legal case being brought against the Leave Campaign (misleading claims)
• If triggered, can Article 50 be revoked?
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Will we leave?
• Access to the single markets vs restrictions on free movement?
• Will Parliament have to vote on the terms of departure?
• Will the government become embroiled in legal proceedings?
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@DSC_Charity #BrexitSeminar
Impacts: EU funding
• UK charity sector has been receiving approximately £200 million per annum in EU funding – that will go if we leave the EU
• This will also, possibly, result in the loss of match funding / loss of EU partners
• How will applications for EU funding be treated in the meantime? We don’t know
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Impacts: Procurement
• Existing EU contracts will probably remain• UK may no be eligible for future contracts if we leave the EU
• Procurement law unlikely to change significantly if we leave the EU if we still want access to the single market
• Further public sector cuts in event of recession?
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Trusts and Foundations
• Invest for the medium / long term so can be more resiliant
• Fluctuations in the value of their asset base (funds invested in the stock market)
• Investments may earn less – resulting in less money to distribute in grants
• Likely to favour existing grantees• Greater competition from charities that have lost EU funding
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@DSC_Charity #BrexitSeminar
Corporates
• Do not like uncertainty and react by becoming more cautious
• Talk of firms relocating in other EU countries• A recession would most likely result in a contraction in financial charitable support
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@DSC_Charity #BrexitSeminar
Individuals
• Recession would lead to job losses / further wage stagnation
• Interest rate cut would hurt savers – who might then become more cautious with disposable income
• Drop in property prices would affect legacy values
• But… we are a very generous nation
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Planning for the future
• Undertake a fundraising risk analysis:‐– Sources of income?– Vulnerabilities?– Diversity?– Level of reserves?– Alternative sources of funding?– Fundraising skills / training needs?– Revise business plan – which projects are priority?
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Other possibilities
• Set up an EU office?• Think about income generation initiatives
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THANK YOU FOR LISTENING!@KathyRoddy
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Andrew O’Brien, Head of Policy and Engagement, Charity Finance Group
@CFG_OBrien
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Debra Allcock Tyler, Chief Executive, Directory of Social Change
@DAllcockTyler
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Thank you!
For more about DSC visit our website: www.dsc.org.ukAlso follow us on twitter: @DSC_Charity