Fund-Raising Slump in Castle Foundatio
Byline: Chris Brown
THE Roy Castle Lung Cancer Foundation is still struggling financially,according to the latest figures released this week.
Money from fund-raising events dropped dramatically and the charity shops are operating at a loss for the fourth year running.
The accounts for 2002, the latest year for which figures have been filed at the Charity Commission for England and Wales, show the foundation had a pounds 737,000 deficit for the year.
This comes on top of losses of pounds 377,000 in 2 001, pounds 908,000 in 2000 and a pounds 943,000 deficit in 1999.
One of the main reasons for the losses in 2 002 was a drop of pounds 1.2m in revenue from fundraising events.
The total last year was pounds 631,703 instead of the pounds 1.8m from 2001.
Charity chief ex-ecutive Mike Unger has said the reason behind this was the end of a contract with Littlewoods Lotteries.
The charity is planning a new competition with the company Eurosource to increase fund-raising.
There is still a loss in the retail side of the company.
Roy Castle Retailhada loss of pounds 50,000 in 2 002. There was a loss of pounds 73,000 in 2 001,abigger loss of pounds 217,000 in 2000 and a pounds 162,000 loss in1999.
Mr Unger said changes were being made to make the shops profitable.
A marketing strategy was launched at the beginning of 2003,meaning that two shops will close when their leases run out at the beginning of next year. …