Darlington charity Tandem facing monthly losses and income crisis
Summarised from 2 outlets · Updated 13 Oct, 12:32 · Archive
Darlington charity Tandem is losing money each month as its new chief executive warns of financial pressure.
Tandem, formerly known as The Morrison Trust, has helped people across Tees Valley into work for more than 30 years through mentoring, training and practical job support. The charity is now losing money each month, and its new permanent chief executive Mike Renton warned of growing financial pressure across the sector.
Tandem also runs Tandem Hub, a Darlington conference and meeting centre where bookings remain well below pre-pandemic levels. Mr Renton said: 'Since covid, venues like Tandem Hub simply aren't as busy. Our bookings are at roughly half of what they were, and the reality is that on some days it is empty.' Three of Tandem's past five Charity Commission filings recorded significant income shortfalls.
Mr Renton, who became permanent chief executive last month, said the charity urgently needs to 'plug our income gap' and build a 'modern, diversified income stream' to survive. He said: 'Every charity is finding it harder because unlike businesses, we don't make our own money, so we are having to find new, creative ways to generate income.' He warned that many charities shut because they simply cannot afford to continue.
How it is being reported
- Darlington charity's new boss warns of income crisis as losses mountDarlington charity Tandem is losing money each month, as chief executive Mike Renton warns of financial pressure threatening its work helping people into jobs.The Northern Echo · 13 Oct, 05:00
- Darlington charity's new boss warns of income crisis as losses mountDarlington charity Tandem is losing money each month, as chief executive Mike Renton warns of financial pressure threatening its work helping people into jobs.Darlington & Stockton Times · 13 Oct, 05:00
In this story: Tandem · Mike Renton · Darlington · Tees Valley · Tandem Hub
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