But the voluntary sector, often dependent on charitable giving, has been particularly hard hit. Fairbridge, a charity that works with troubled young people, had both statutory and private sector funding pulled last month due to the credit crunch. A private sector property company cancelled £5,000 and the statutory sector pulled £30,000.
Andrew Purvis, the charity's new chief executive, forecasts "some very stormy seas ahead". Midway through the financial year, he's re-examining forecasts as, like most charities, not all the money needed for projects with young people has been raised yet. "It's deeply worrying, but as a charity you have to have contingency plans in place. It means spending more time on finances rather than working with young people though," he says.
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