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Expert view: Social investment is coming of age
By John Kingston, Third Sector, 25 July 2007
Charities need income to pay for expenditure on people, campaigns, service delivery and rent.
Until fairly recently, charities also needed income to buy property, fix the roof and acquire vehicles - things that could be called capital expenditure. This mismatch is now being challenged. Compared with even two years ago, trustees are now more ready to take out mortgages on properties or to lease...
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