Summary
The British Heart Foundation (BHF) plans to close about 150 charity shops and cut some jobs due to rising costs and more people shopping online. This decision follows a big drop in profits from their retail stores, although the charity says its overall financial health is still good.Key Facts
- BHF will close roughly 150 shops because nearly a quarter are not making enough money.
- Their net profit from 640 UK stores fell from £18.8 million in 2024 to £3.6 million in 2025.
- BHF employs about 4,545 people in total, with nearly 3,700 working in retail.
- The charity plans to close 90 shops by March 2026 and the rest by March 2027.
- Some jobs in central support functions will also be cut.
- BHF’s total income was £181 million in 2025, but net income fell by almost £9 million to £129.6 million.
- The share of income spent directly on charity activities decreased from 77% to 72%, still above their 70% target.
- The charity’s chief executive received a pay increase to £268,239 in the latest financial year.
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