I was just checking my social media and I saw a charity in my sector post this news earlier today on Facebook, Twitter and LinkedIn.

"The first three months of our new financial year have seen a 71% drop in our planned income. And more worryingly, we are now predicting a shortfall of £3.5 million by the end of March 2021."

Edit - I forgot to add this sad news from last week from a similar health based charity.

"We have begun a redundancy consultation with staff today because of a huge loss of income as a result of the coronavirus pandemic. Around 40% of our staff could be at risk of redundancy in the coming weeks. We implemented a comprehensive cost-saving programme early in the pandemic, which saw more than 50% of staff furloughed. The charity’s financial year runs January-December and the income forecast for 2020 is projecting a drop of up to 40%. This equates to a shortfall of at least £1.5m, down from our 2020 budget of £4.2m, and we estimate it will take up to five years to recover to pre-pandemic levels of income. "

These are very troubling times when medium sized charities in the healthcare sector have lost up to three quarters of their expected income, have predicted shortfalls of between £1.5m to £3m and could have to make around 40% of their incredible staff redundant next month when the Chancellor's Coronavirus Job Retention Scheme changes slightly next week.