Covid-19 Charities Fund
Documents
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Introduction
The COVID-19 Charities Fund in Northern Ireland was set up to support charities that were facing imminent closure due to financial difficulties. This report shares how the funding was administered and distributed to charities and shares key insights from this work.
Findings
The Fund supported 501 charities who found themselves in severe financial difficulties. This funding:
helped them to solve cash flow problems
gave them space to change their services or target new funding streams
saved jobs
avoided organisations closing
The report also concluded that:
Covid-19 uncovered the precarious financial health of many charities. Many had no reserves and they were not prepared to deal with the financial fallout from the pandemic
the programme provided financial support at a point in time but didn’t address the wider financial challenges facing charities
flexibility of funders was a lifeline, but it is important that funders don’t revert to old ways of working
multi-year funding is vital for Northern Ireland’s charity sector