Income at the education and training charity Catch22 decreased by almost £5m due in part to a drop in donations and legacies, latest figures show.
The charity recorded an income of £46.6m in the year to the end of August 2025, latest accounts show, down from £51.1m in the previous 12 months.
Income from donations and legacies at the charity decreased from £5.2m in 2023/24 to £3.3m in 2024/25.
“Although donations and legacies have fallen by £2.2m, this is due to two key one-off donations being received in the previous year; the first from a private individual to purchase our third children’s home and the second due to the acquisition of Redthread Youth by the group,” the accounts say.
Catch22’s grant income increased to £3.6m in 2024/25 compared with £2.4m previously.
“Income from grants has increased by £1.2m due to new grants for employability programmes from corporate partners, funding for improved facilities for one of our Suffolk school sites and expansion of some existing programmes,” the accounts say.
“Corporate funders continue to be cautious regarding funding new programmes, but we have successfully renewed many of our existing partnerships.”
Catch22 transferred all schools from its multi academies trust out of the charity in 2024, which led to a £5.8m year-on-year fall in income from charitable activities in education, the accounts show.
The charity’s costs decreased from £85.5m to £48.7m, mainly due to an “exceptional amount” of £33.6m relating to a loss on the disposal of long leasehold land and buildings because of the transfer of the MAT schools, the accounts show.
“Excluding this one-off exceptional cost, expenditure was £51.9m,” the accounts say.
Catch22’s next financial period will be for the year to the end of March 2026 to align with the government’s financial year and the reporting periods for many of the charity’s public service contracts, the accounts say.