Char­ity suf­fers loss in in­come

The New Age (Free State) - - INSIDE -

OX­FAM says it is an in­ter­na­tional con­fed­er­a­tion of 20 or­gan­i­sa­tions work­ing with part­ners and lo­cal com­mu­ni­ties in more than 90 coun­tries.

The group was formed in 1995 by a group of in­de­pen­dent non-gov­ern­men­tal or­gan­i­sa­tions. The aim was to work to­gether for greater im­pact on the in­ter­na­tional stage to re­duce poverty and in­jus­tice.

Ox­fam’s fi­nan­cial state­ments show that in the 2016-17 fi­nan­cial year, to­tal in­come from all sources was lower by £6.1m (R100m) than in 2015-16, at £408.6m. In­come from grants and con­tracts from gov­ern­men­tal and mul­ti­lat­eral or­gan­i­sa­tions fell by 5% in this pe­riod.

Ac­cord­ing to Ox­fam’s web­site, the money do­nated is used to “ad­dress peo­ple fac­ing hunger, poverty and in­jus­tice”.

In­ter­na­tional me­dia re­ports show that the char­ity “paid seven of its most se­nior bosses a com­bined £700000 plus ben­e­fits such as con­tri­bu­tions to­wards pri­vate school fees for up to three chil­dren. It has also sub­sidised the per­sonal tax bills of some highly paid ex­ec­u­tives,” – TNA Re­porter

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