Guide Dogs' losses mean possible job losses
Howard Lake | 4 September 2002 | News
The Guide Dogs for the Blind could make up to 150 staff redundant after losing £20m on its stock portfolio last year.
According to The Guardian, “the charity’s expenditure exceeded its income by an average of £11m a year” over the past ten years. It overspent its £40m income last year by its by £16m.
The charity’s restructuring plan aims to balance income and expenditure by 2004.
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Read “Jobs at risk after charity loses £20m” by Sara Gaines and agencies at SocietyGuardian.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.