The Charity Finance Group saw its income increase by more than £300,000, mainly through a rise in charitable activities income, latest figures show.

The membership body’s accounts for the year to the end of March 2024 show its income rose to £1.8m compared with £1.5m in 2022/23.

Income from charitable activities increased to £1.5m in 2023/24, up from £1.3m in 2022/23.

Within this, CFG’s income from developing skills, learning, knowledge and practice was £1.2m in 2023/24 compared with £849,626 in 2022/23.

“Charity Finance Group wants to ensure members gain as much access to our community’s collective knowledge as possible,” the accounts say.

“The success of CFG’s trainings programme went from strength to strength in 2023/24 as we developed new training courses while continuing to support our flagship Inspiring Financial Leadership course.

“Although we ran fewer events in total, we enjoyed welcoming more people than ever before.”

The charity’s spending increased to £1.7m in 2023/24, up from £1.5m in the previous year.

Trustees had planned a break-even budget for the latest financial year and ended with a surplus of £99,576, according to the accounts.

“The longer-term impact of high inflation and the cost of living is yet to be fully felt by the charity sector and could therefore impact our income streams in the future,” the accounts say.

“This impact on our incoming financial resources has again been mitigated in 2023/24 through the generosity of funders and through reducing our spend on different areas. 

“Current estimates of our net income for the 2024/25 financial year show a continuation of positive movement, which will mean that instead of a further rebuilding of reserves, we will be investing in increasing capacity within the team at CFG and in initiating digital projects that should transform our operations, both internally and to members.”