This website uses cookies for anonymised analytics and for core features such as voting on polls and comments. See our privacy and cookies policies for more information.


Get TFN updates
The voice of Scotland’s vibrant voluntary sector

Published by Scottish Council for Voluntary Organisations

TFN is published by the Scottish Council for Voluntary Organisations, Mansfield Traquair Centre, 15 Mansfield Place, Edinburgh, EH3 6BB. The Scottish Council for Voluntary Organisations (SCVO) is a Scottish Charitable Incorporated Organisation. Registration number SC003558.

Profits soar at charity superstores

This post is over 1 year old
 

Survey reveals how profits are shaping charity retail

Three times more profit is made by charity superstores than normal charity shops, a survey has found.

Civil Society’s Charity Shops Survey found that the average profit from a superstore was £1,604 per week compared to £554 for a regular store with income from superstores double that of average charity shops at £5,281 per store per week.

Charity shops profits have risen for the second consecutive year, with retail income increasing by 5.1% on average.

Income from sales of Gift Aided donated items has grown by 7.7% with a 6.7% increase in Gift Aid reclaimed.

Charities are becoming more selective about types of store with an increase in the proportion of specialist and out-of-town shops.

Some 41% of shops in the survey are in locations other than the high street, up from 35% last year.

However the survey also found that the average volunteer numbers per shop are down from 21.9 to 21.4 and average hours per volunteer have fallen from 6.1 to 5.7.

This year’s survey also gave a lower figure for average volunteering hours per shop, at 121.1 hours, down from 134.8 hours in 2018 and 124.4 hours in 2017.

Shop managers said shortage of volunteers was their greatest concern.

 

Comments

Be the first to comment.