1. Martin Jervis, Managing Director, Europe

3. Martin Jervis, Managing Director, Europe

4. What happens to charities in a downturn? June 2008 Telephone: (020) 7415 7196 e-mail: jonathan.baker@nfpsynergy.net Web: www.nfpsynergy.net

7. Total Income Growth – Average Charity GDP Growth GDP growth effect on Total income has a 17 month delay Source: ONS/ Charity Trends/nfpSynergy

8. Voluntary Income Growth – Average Charity GDP Growth GDP growth effect on Voluntary income has a 10 month delay Source: ONS/ Charity Trends/nfpSynergy

9. Voluntary Income Growth – Average Charity DI per Head Growth Disposable income effect on Voluntary income is almost immediate Source: ONS/ Charity Trends/nfpSynergy

10. and then……..

14. Marc Chardon, President and CEO Blackbaud