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Income for community sports clubs and small charities working in sport has fallen by 15 per cent in real terms over the last eight years, despite promises of an Olympic legacy, according to research by the Charities Aid Foundation (CAF).
CAF analysed the income of 1,624 amateur sports clubs and charities which filed accounts between 2004 and 2011, and found that organisations with an income below £100,000 had seen their income fall by 15 per cent in real terms. Organisations with an income above £100,000 experienced a rise of 3 per cent in real terms over the same period.
Richard Harrison, director of research at CAF, said: "The last eight years have been tough for many grassroots sports clubs and charities, despite the growing sense of excitement about the Olympics and the desire to secure a long-term sporting legacy."
(August 10, 2012)