Less than half (47 percent) believe their trustees’ understanding of financial and investment knowledge to be good or very good, Brewin Dolphin has claimed.

In its report - Charity Investment: Navigating Uncertain Times - the research also found 48 percent of charities agree that they would benefit from trustees with more varied skill sets.

Ruth Murphy, head of charities at Brewin Dolphin, described the findings as “worrying”.

“But charities are resilient and are confident in their abilities to weather any storm as it comes. Charities that do invest do so for the long term across various ...