Latest Home Office asylum statistics, published last week, show a decline in the number of applications between April and June this year.
Nancy Kelley, principal policy officer at Barnardo's and chair of the consortium, said there was a danger that the fall in applications might be seen as positive when there was actually still a "huge amount of unrest and conflict in the world".
She added: "We need to ask whether we are offering asylum to all those children who need and deserve it."
Margaret Lally, deputy chief executive at the Refugee Council, agreed: "All the fall in numbers shows is that the Government has been quite successful in keeping vulnerable people out of the country. As anyone who watches the news knows, the world remains as insecure and dangerous as always."
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