• Small charities spend the majority of their income on activities related to their mission (grants and charitable activities), followed by raising funds and governance.
  • In 2018/19, small charities spent more money as a proportion of their total expenditure on achieving their charitable mission (86% & 88%, compared to 84% in charities with an income of over £1m).
  • Small charities spent 4% of their total spending on governance, compared to 0.9% of total spending in large charities.