CARE International UK’s Financial Year Accounts 2022 have been filed. They are now available on the Charity Commission website and have been sent to Companies House.
A CARE International UK (CIUK) spokesperson said:
“After a challenging period, CIUK’s FY22 accounts show the organisation is in a strong financial position. Prompt action and prudent financial management have increased the organisation’s free unrestricted reserves to £4.5m (2021: £2.8m).
“Significantly, the accounts conclude no material uncertainty relating to going concern. We expect FY23 accounts to be published on time in early 2024.
“The accounts do show a significant decrease in income – as a result of FCDO aid cuts from 2021-2022 – but as evidenced by the increase in unrestricted free reserves, the organisation managed that decrease effectively by reducing its expenditure.
“CIUK has been clear that UK Government aid cuts would have a devastating impact on women and girls affected by poverty and crises around the world. It is deeply concerning that a report for CARE found that the Government cut at least £2.1 billion from gender equality projects up to 2021.
“The latest research commissioned by CIUK, published here, shows that UK aid that includes gender equality aims was disproportionately affected by aid cuts. Funding to address violence against women and girls fell by over 40%, and support for Women’s Rights Organisations was slashed by 66% compared to a previous peak.
“We will continue to focus on our mission to achieve social justice, defeat poverty and achieve gender equality, and we will continue to urge the Government to restore the aid budget in line with its legal commitments.”