# Stock market losses causes RSPCA to halt all construction work

- Link: https://fundraising.co.uk/2002/09/30/stock-market-losses-causes-rspca-halt-all-construction-work/
- Published: 2002-09-30T23:00:00+01:00
- Author: Howard Lake

The RSPCA is the latest charity to announce that it has been hit hard by the fall
in the value of its stock market investments.
The RSPCA’s decision to halt all construction
work is not the only example of cut-backs by charities following the drop in income
from investments. The Guide Dogs for the Blind Association and the Children’s Society
have both announced cut-backs in projects.

The Independent lists examples of charities that have suffered losses in their income
from investments. The British Red Cross for example “lost £3.3m on investments in
2001,” the Royal National Lifeboat Institution “lost £36.2m, 10% of its balance 
sheet, on the markets in 2001,” and Barnardo’s

“lost £6.8m on the stock market in the year to March 2001 and expects losses of 
£1.3m in the year to March 2002.”

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Read “Charities stand accused of frittering away millions on the stock market” by
Ian Herbert at the Independent.

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