NCVO income falls by 27% after reductions in grants
- 02 Nov
The National Council for Voluntary Organisations income fell by £2.75m according to its annual report.
The income of the National Council for Voluntary Organisations fell by more than a quarter in the year to March 2012, according to its annual report and accounts published this week.
This is following a reduction in the grant they receive from the Cabinet Office of over 50%, £1.09m to £500,000, and loss of all its funding from Capacitybuilders, which was £1.6m in 2011.
The NCVO's yearly income fell over a quarter from £10.14m to £7.39m, and over the year reduced it's staff from 115 to 88. Donations fell from £60,000 to £36,000 and membership also dropped from 8,375 to 8,321.
Martyn Lewis, chair of the NCVO, said:
This year has been one of significant upheaval for us, as for many in the sector, as we adjust to changes in our funding and build financial sustainability.
We have, as always, endeavoured to be a strong voice for the sector, influencing debate on a number of important issues.
Image source: http://www.sxc.hu/photo/342379
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