REPORT& FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
S•r4t¥JNldty •AL
CONTENTS Reference •nd administrètiv* detèils of the charity, Its trustees and advisers... .. Introduction From the ¢hJir.................................................................................. .... Frt)m the CEO.. . ... Structure, govefnanc• and manogement................................ ...... .10 .12 Strategic report Key achiwéménts this year............................................................................................. 20 Deliveri our strategy............- Growth and Pfofile of membèrship . Supporters ...................................... .......... . Our year in nurnbers........... ...- . . .22 -27 .31 Financi•l revbew Finances.. Policies . Staff Pay... Pay gap reports....................................................................... Environmentsl Impoct.... Strategic priorities for the year ahead ..................................... ................. .. Principal risks and uncertainties ......................................................-.............................- 55 Independent auditor s report............-...-.. . Statement of financial activities. Balance sheet................................................._.......................- ..... .- Statement of cashflovts .....................-...-....-...- ...... Notes to the financial staternents..................................................... .... .. .35 .37 .39 .43 .51 .53 .57 .61 .62 .63 .65
PRESIDENT B•ronMs Ddyth Mwi- NCVO TRUSTEE BOARD HONORARY OFFICERS Chair., Dr Priy• Sin£h VKe chair.. Emily 4iu H¢yrry trSrer. Pwl SENIOR INDEPENDENTTRUSTEE Dr S•r•b•J'4y• Kunmr TRUSTEES Pwl Bv¢h•Mn. Resw•d16 Ckt¢b•r 2023 CMw8•n• C•rr R•d Godfr•y-S•pi Bt•4n So•t•)n. AfPQifftt•d 16 October 2023 Chr•s Sh•rM•od Any1• Sp•Th D•n Sutch Aysha T•rwi. Appointed16 Oetobef 2023 Sheila T•yloi. Rtsign•d 16 October 2023 Inerid TTrnegse•. Resign•d15 Octot>ef 2023 NCVO TRADING LIMITED DIREcfoRS L•¥f• Crnndl•y. Resigned 8 July 2024 Saski• K•w••nknri Sar•h Yibert AUDIT AND RISK COMMITfEETRUSTEES P•yl Bfffkdl Dr S•ib•j•y• Kum INDEPENDENTS John ¢w••n. Appointed 13 June 2024 Kh¥•Dt Grnw•l. Rewyed 6 Feory 2024 Ahn• Hell FrMki• Srnith K•fvi T•y (Gh•ir) FIMANCEAMD COMMERCIALCOMMITTEE TRUSTEES P•ul Br•ckdl (¢h•if) P•yl By¢h•n•n. R•4ned16 October 2023 Chrii Sh•r*ood. Appoint•d 16 October 2023 0•ffl Sutch INDEPENDENTS D•mbni¢ Fox Stell• Neophyt• D•ni S•lvadori
GOVERNANCEAND NOMINATIONSCOMMITTEETRUSTEES Emily 4. (rhwr) INDEPENDENrs K•rm•n Borbn•tt Cr•w•rvb• Dym•nd. R•sW•dI7Ju 2024 T•mry Hyun Ni¢k Linf••t. App¢int•d18 2024 D•bbi• R•¥•n PEOPLE, CULTURE AND INCLUSION COMMITTEÉ TRUSTEES Gwin• C•rr (chair fnxn l Afril 2024). Agpoint•d l April 2024 R•d Godfr•y.S•co• Any1• Sp•rrt• {Chr until 31 M•r¢h 2024). R•swd 31 M•f¢h 2024 Ir1d Tn. Rl&nId IS OCtor 2023 INDEPENDENTS Am•rbd• Ar•MIlk Fwrb• EY•n. App0411t¢d 20 Jjne 2024 Edith G•Mi• D•• J•i, Appoirbted 20 Jun 2024 Chris W•d•. R•si8n•d 8 M•y 2024 CHIEF EXECUTIVE S•r•h V•b•rt EXECUTIVE TEAM L•w• Cr•ndl•y (¢hi•f op•r•iM4 ofk•r). Re1i8nd 8 July 2024 Altx F•rrow• (d•recttrr of iDfiuencin8 and eweemeftt). Resiefted 28 M•y 2024 Smkii K•ryn•nbur¢ (directof of strategK commun•¢•tiOns •r41 In51Eht) R•xa (directctyr of people. culture and inclusioTr) Afidr•w W•lk•y (di(ector of Servic and p•rtn•rshi knij (Int•rim fin•rK• dirKtor). Awnt•d 25Juty 2024 COMPANYSECRETARY lra Crndlry. Rtsiyd 8 July 2024 Arnti P•tsl. Appointed 25 Juty 2024 AUDITORS PKF Littl•i•kn LLP,1S Westf•rry Circu¥ C•n•ry Wh•rf, L¢r•d•n EM 4HD BANKERS 8•rcl•yJ Bthnk Pk INVESTMENT MANAGERS UBS Re8i5ter•d offic• •rA operat•ond addr•ss: Soci•ty Buildin& 8 All S•inls Str*eL L¢n&•Th N19RL Registered ch•rity rbumber: 225922 Comp•ny f•£i3tr•t•pn 198344
INTRODUCTION
INTRODUCTION FROM OUR CHAIR. PRIYA SINGH WELCOME TO NCVO'S ANNUAL REPORT FOR 2023124 It's fair to say the impact and pace of chan in the last few years cannot be understate Fr¢m th• dev•st•t•ni imp•¢t of tht COVID p4nderni¢ to so•rin8 Inflation and the cost of liNtyn8 CfiS¢I, from war trb both Euroy and ffliddle èast to the dMsiY natur• of politic41 cultur• w•rs. As • sKtor ¥rt'v• h•d t? b• gvi¢k t• rpOnd t¢ th• •m•r8in8 n••ds of t1 tornmtsniti¢s. It a tim• wh•n rnIsatIonS ha¥ thornsélyes been recoveri from depleted resefve% fKing n5ing costs and tKklbng Challeing operating enw)roTrm•nt R•SOur5 4r• finit•. wd tho th•11••$ we fK¢ ¢ontiftve t& evolve, l>ut this been •rth•f year whwe the eh)rity voluntiry sKtor Stepped up and stepped in to wpport thcw who ed rt most. And while some thys d•in£ $0 f•lt •lrnost impusiiblo, chrity INd•fS, sl•ff •nd vol4ml•m h•v• sh¢wn rsiliM¢¢, d¢di<•tst)n Ind unwa¥tring eornmitment to the p¢opl• and ¢ommuThities they se. In the past year. chafities xross the country Gontinued to foel fin•nci•lly 59ue•z•d, •nd •5 O 5tOr v v• hli ¢ONlirwJous boufiet ff¢m on¢ criiis to •r•other. When we Jpoke to memben, they dribed a battle between steady'ng ship and Prepari for the tur•. Our data refloctd th• sKt¢x' ¢h•lhrys - with m•ny m•mb•rs not r¢newifig they s#mpFy don't exis¢ •nymofe. Despte this. our efforts to nderstand and 5ppOrt charits prnved imwctfipl and saw us recofd Our hrgest month of memb•f5hip •cquNtion in thr•e ye•r5. W• h•v• h•d $inificl Cut th¢ou8h on the issu¢s tt mattef most to our members thbs year. Whèthef It was molylising over1.400 ch•ritJe5 to si n open letter to the chancellor calli for tsrynt support with und•rfund•d ontr4cts •nd grants to idvouting for high slrtti 6aThks to improve t1r servic¢s f¢r ¥olunt•ry orc•nis&ti¢ri5, NCVO ensured that the colltttl ¥oice of its mèmbers was heard. and I'm prvLKI of th• everyor* deIred. >
HELPING CHARITIES THROUGH •¢t•on w•w't t•k•rn At th• Mm• tin•, NOTHER DIFFICULT WINTER ¢ offered reassur417¢¢ •rKI wpport to Th impxt ¢f the cost of liv8 crisis ntary or8anwtiofti ov• the ffontli ¢ntirwes to pl•ce irnmeTrse pre55ure as well as PfJCtic&l support •rK4 8u•dance oft p•opl• •nd ory•niuttons. Chorities gn how to st•y op•r•tirnE. h•¥e fWrt•d higher mort eompl•x dwnbnd aeèinst a tsk drop of ever- increasing financi•l VESSU lfi S•pt•m6•f 2023, w• took •rtion •nd wryey¢d ¢h•iit•¢i t¢ b•ttw wid•rst•nd CELEBRATING THE CONTINUED IMPACT OF SMALL CHARITIES We know small charities are thechlly.Th•d•tsf•vwl•d ttru• the backbone of our country, scale of thetyr finbncial and OPefatioNI difficulties. A Staering 85% of charities and th Is year they needed help predi¢t•d winttr 2023 w¢uld b •5 toueh, or ¢vn lough•r, th•n in 2022. As more than ever. many as 27% bditved they Idn'% b• Tr Srnall CharitiM Coblbtio•i •nd ble to meet the i¢re•iin8 drrth•nd fot their servi¢es. Foufidat•on for Social Impr0Ment. thè t)¥0 main infrastnKtyi¢ bodies Whd• pvblK und•rst•nding of the spKifi(•lly f¢f sm•ll chjnties. both eh411•re•S ¥¢ of li8 ¢risbs ¢kn¢d in 2022. This r••ffirm•d th• nnd f•Y fimilies was h, re¢4riti¢n of fof NOIO 1¢ provid 8r••tr sm•ll how thi5 affected chontses lowmr. charity wpport htych mlke up 90% of (r Cost of Giving Crisis ¢ampaign NCVO'S mtrnbershlp. hdpod ¢h•n8e thrs. We rnised the NY•e of ¢h•rities, sF4r•d the s¢•le of the Our hdpde%k de•lt t mort th•n 4,000 ryiri*s, host•d m¢xe th•n ¢h•ll•n8• •nd th• risk to Mmmunit••s if 1,100 •tt•Thd••s of +>w y•¢tiul
supyt fA•binars, and d•y many tl••t•n•d to Ill¢ th•m. W •¢¢essed our wid range of re£vlarly know th•t r••1 ¢h•n8• ¢•n only knppert updated onliThg res¢Ur¢ •nd 8yidanM. wh•n th• ¢% of ehbfilies are hwd, Sm•ll Ch•rity W¢ek 2023 wa5 41sc+ • people 4¢t held 4¢¢•uni•ble, arbd hw w¢¢¢u. Over 1.000 charities injvstices afid inequ•littes ¢èn be ¢•Ned ioin¢d c•ll iffl • letter lo the Prime ut. It was to reiterate th• Ch•rity Minister for grèater rec¥nition of small Cornrr5won p055tion", th•1. wiehin lh• chant+es •rwJ c¢.¢reJted a (frverse r•ngt les, c•mp•ignin£ is • fwid•m•fil•l yrt of events arbd we&"n4rs to wpport sm•ll of th• s•¢tor's ch•riti•5 to knild •1 8row th•r skdl W• will continu• to IY¢fk h•fd $0 thrt srndl chwiiies h•wt what they fieed to thrfy. On behalf of the board, I would like to thank the whole NCVO team for their work supporting members and amplifying their voice through uncertain times. PREPARING THE SECTOR FOR AN ELEcrioi4 As • Fmral electbon, and loul electlons drL rarer. advocati for members in th¢ political $pher was •nothi mijor l •m imm•nMty proud of th• work oyr prionty this ye•r. st•ff do •v•ry d•y to liw Qur volu, In J•nwry, it Posttiwe to h••r &'r Keir cofbn•¢t •nd •mpl,'fy m•mbers, and Stsrm•r, then Leoder of the Opposition dtmonstr4t the bh•¥icwrs needed to rbow Prime Ministef, commit to bubld 4 stryr t¢morrow. f•Setting th• r•14tnShiP b•tvt••n It Is mtmbrs Ih•t m•k¢ NO/0 twhat ¥ h•ritws and th 8ov•rnment it ihe CThil •r•. Thtr tirtless efforts, collaborabon So¢ity Suffimil. Oyr fforts of b•Jildi nd ddic•tion to th•ir comfflunities is ¢dlabor•tion and partnersk¥"p with the why the volunw Sector is w important opposstion party have proved suc<es5fv1, Ind Inspiri. th ihe new Sècretary of State for the Department f¢y Medla C¥ltur• •nd Sport (OCMS). th Ri Hon b's• N•rdy MP. Irr•18 4 m•b'n8 with NCVO jLdt w¢tks aftef the £efieral eetlon. reter•tin8 that entIl wil b* wtal partnets in a¢hie¥ir% the new goverr¥ment'5 missn5, W• a150 h•lp•d wpptyt ¢h•riti¢s by h•1£ d¢ftnd thwr right lo umpoign, vkntrb pressiyes fr4)m in¢feaS1 culture
FROM OUR CHIEF EXECUTIVE. SAAAH ELLIO The last few years have been tough for charities and voluntary organisations. W•'w• %pok•n to ¢h•ritis a¢ross th• ¢try, •rbd h•¥d Muntless stories of burn¢uL lock of fundin& ¢orTW•x operating enwronments ènd nsitt8 costs of delwrtrin6 servicès. Tr re¢•nt •cor4Mn•c, soc4al. politi¢•l afftd te¢hhologDcal l•ndsr•p•s hw• felt both fast p•¢ed, and unst•bl•. This yp•r h•5 been no differ•nt - md •nything, th• h•rd•st of them all. We Iwt • nvmb•r of irnport•nt ch•ritis to ¢losur¢. m•ty mtrg•d, and some ftel like tY are just holding Dn. But, •ft•r pefiod Of vnpre¢edented chaw •nd ¢h•lhngv. there •re signs that te carb nt)w look f+)rw•rd to D•w I1 excitin opportunltiès tsn lh• hw"ion. I kr•ow4 that. tOther. our s•etor lh• FORGING NEW RELATIONSHIPS strength. $#11et ihd boundl•M •n•w The xI •r will b• • piwotal yur lo Mia• the opwtunities ahe. of chany faf o•Jr tor. It is • D1¢ the Iwists •rKI tums of the knst crucial ffKJment to ensure the voius year, OLrr memjxrs. lhd we4niutions of ¢h•ritie%, Ind ihe people and from icross thè stttof. m•na ¢ommunili•s 5•rye. continut to be to rniint••n thebr stéety fesil•erbe. eird. With • nvv 8o¥•mrn•nt com Wher¢ thry h•vt eXpern(ed difficulty. rbew Idws Ind of w¢rkin& •nd th¢y h•vv continued to innovate. thére is • re•1 ¢pport•Jrbity for 411 of Us t¢ Whèrè thry M• obstKl•s, they h Fwve gre•ler impact in how ihe pDIIcb•S continud to b• er••tw. Th• p•s%ion th•y cwte will support th05• ho ne•d It ftwst. and dedication of leaders. st•ff Thd volunteers h•$ meant, sometimes ¥•inst the odds, that ch•rities ha¥ continu•d t¢ d•liv•¢ incredible Servic 4)v•r and bty•t ¢xpt¢t•tions, for the p•ople •nd ¢ommunit¥ts th¢y support. In this nxt y¢•r, our r•wTriibihty •t NCVO is to m•ke sure thjt 41mo%t 17.000 strong community gt¢S the tool%, support •nd ¢h•rnpKbn they need to bvild b•¢k for tht future. Ouf membérs hlyt been m•kin8 U5• of our fesources, ottendin8 Ir)irw¥, ¢•lli o•Jr helpdesk, and hawe come tother t¢ sh•r• krbowled8e and experieficé at ur wits. This ye•r, will continue to build Our ¢omfflun•ty, Ind ¢on¢inu• t• prth4e them wrth tht very Ixst $POrt VM can. SMAI I r.IlARifiF.S MAKE VFJ IiVER 90XI)I 1111 Nrvo MEMtIt R.. CvhVaUNITY THE YEAR AHEAD This y•ar, and btyond. NCVO will cofitinue to support members of all sizs. from •ll se¢t¢rs, as %¥e séek to redefin• •nd shape the relatiorbship perr•ment h•1 with our 3•ctor. We will not on influ•n¢• M th• i5W•S that ffl•tter>
most. but our work to d•vdop • n•w coven•nt will redefine the wnciPl of oll•bor•tion •nd p•rtn•rsh¢p b•tw••rt h•rili•% gtyernment. In the years ahe•d, il's going to be more Imptsrt•nt than ever that ovr sector &ne the eltetion, we hove •lftady ffde comes tOther as ofte. Vll)ile eKh eood progress to reset the rel•liorbship gat)iytioTh h•$ its own goals. rnission5 with the governrnent. •Trd we th•nk thom nd objectiv, wh•t Con¢t$ us •ll Is for theif 01Th8 cornmitment to workn'ne an unw47v•nTrg p•ssion to ¢r••l i b¢tt•r In prtn•rship with th• s¢lw. - ofi• thfyt Is mor• 4)yn, inclustve. Kc•ssible •fd e9v•I f¢f OU. WORKINGTOGETHER FOR 8ETTER RESHAPING OUR FVTUftE It's •n •mciti tim• fw NCVO. This y••r m•rk% th• l•st of our curr•nt strategy. Th• d•v•l¢pr¢nl of ¢>ur n•w str•tegy will b• •n opportunity to eonsoltdale and take st¢ek of F4r we'¥e come Over the lost few years in brfominE more memb•r To arfi from each other. shafe, f<KUSsed Ind r11•tOI in our IPprh. collobor•t• •nd find n•w w•ys to p•rtn•f more coll•bw•li •nd •nrlusNt in how •nd cdl•bof•t• with w¢h Other. In our w• wtyk with oth r•1• •$ • mmb¢rship ¢r8aThs•tK•n for l •m Prty of wh4t we h•v •thieved the stttof. we iht thance to listen nder the set of go•1$ l•id out in 2021. As •nd learn frtsm the sectof t¢ Trdentfy the we con5der wh•t th• nxt y••rs look Systems which ed io be Ch•ed, •nd lik• I w•nt vs to inc) our ambiti¢n, be& to proNid• d•rity •nd l••d•r5hip nd •xp•rim•nt with frh and irnnovati to •nsur• tho5• coIIKtiv• n••ds •f• ideas to ensufe thé seetor stry arKI •ddrSs. Thij could b •nythin8 fforn sustaiAable for years t¢ eome. Unteeri plltfornis t¢ 8o¥ernm•nt We need to m•ke svrt ih•t ovr procurwnenL In •ddition, ensurne (wr sKtOf COm•S tO8•thr to its ¢olltctive xperin¢e, and by bringi th¢ ouisid¢ in io tyjr thinkin& will eiyè us t char to look •he•d to eh•llews our sector will face In the future. This iFKlvdes de¥elopng a workforc• strategy. d•sW In p•rtnershJp with th• 5Kt¢)r. to •nwr• th•t ¢vr or8•P+iMtiorns •r• •bh to w•p•r• fv th¢ workforce of the futu¢e. A5 4 t0, It 5 important we ¢ontinv• to Wofk tyther to build that br%hter future we're all detefmiffled to create. As the Qld uybng goe$, rf y¢u want ¢0 go f•5¢, go •lM•. If yw wni t¢ gg f•¢, go tO8Qthr, In the coming year it is important that we create opportunities to bring our sector together. P•rt of thi5 ifi¢ludts •nd reFt¢shiy who we are ès or8anisation. Our 14ms h• béén ¥40fking hard to ufftder5tand how our brand perceived, and that ¥•1 membrthip of NCVO brings to them. Th• 04rtCQrn5 of this listenin£ ènd l•ming •x•r¢is• will stt us k¢ sttps lo ev4Ke Jnd tl¥•¢t our offLY lo th¢ sector. The comine ye•r 4$ a150 chn¢ to bt bold about the ways ve tackle Onn£ 155ue5 such as inequ•lity. fundraising and th• ¢lim•t• ¢risis. IA••ting th• Ch•11••5 of th m¢d•rn •8• IS t)0 sm•1 task but w• •1• mor• d•t•rmin•d ihan evv to eMuf• th•1 trtè meet th challews head on d supwt the sector to do the sarne.
STRUCTURE,
GOVERNANCE AND
MANAGEMENT
The trustee board present
s annual report
(Incorporating the strateiic report) and the audited
financial statements for t
e year ended 31 March 202
Th• l•g•l •rbd •dminbstr•ti¥e informjtson TRUSTEE BOARD
t out on P•8 4 to 5 form5 Port of this AND COMMIThEES
reprt The finarb¢i•l $141•m•nts comply Our trustee board Is rPensle for
with current statutory rtquirment%. th•
m•rnor•ndum and articlés tsf •SS¢Xi•tion
m•Nging the knsiness of NCVO, •$
outlin•d in our •rtKl•s of a550ciatwn.
NCVO ts 8whed by • board of12
trustee5. This includes three h¢n•r•ry
officor5 (chair, vice"ch•ir ar tre•sur•r).
Th ch•ir, tre•sur•f Ind $en trnst
•r• +Ittt by our m•fflb•fS.
Additional trustees •re eo-OPi•d by th•
bo•rd to ensufe the ht mi¥ of thixs
rd expenence. One of the truste¢s 1%
t•d to fill th• vi
ofr ij
The following committees report to the board. AUDIT AND RISK C014MITfEE PEOPLE. CULTUREAND INCLUSION COMMITTEE . Provdes dePend•n¢ •dwc• ond •swr•nr on risl contfol ar . Sets the ch•'tf •x•euttrv• •Trd the compli•Th¢• m4tt•r3. x•cutive teaffts Mtri1•. . (Nr atsdit and risk eommittee is ¢h•ifed . C•ns•dtfS •ll yople poli¢ies r¢l•i by an independent memb¢f vf th• rnattef8 Ift¢kKh' p•ns1•Th5. commrtt¢e. . Providès challee •nd support 10 tK bo•rd •rbd executt¥e team to holp ddiv¢f our cvltvral chae roadrn• . Oversees our xt•rn•l work to support IKIu5ion Kross th• s•et4r. . Pro% chdlen8e and uwsi8ht through liv•d •¥peritncè, exptrtise arbd klwd8 in r•l•tion to prxtice. culture ard 8py¢a¢h at NCVO. N•w tru$tefrs re¢ei¥ afi indu¢ty•n y¢k wheh they'r• dKted. This inclvdts Th• and key Ofganisatiorth•l policies arld do¢ument& trust¢es •ttend 4n iThdu¢tion mtètJn£, which includes the opp¢rtunity to m••t k•y sult. Ev•ry trustoe m•ets with th• ¢h•ir to rthew th• ywi. All trustees also tak• p•rt in •n •nnual pl•nnin8 nt. This is jn i)pportunity to diKu%s the operatine environment •r th• ofg•nis•tion's plons. aThd spend tsrn• rth other bo•rd rnvrnbers and members of NCVO'S u¢¢uti¥• t•wn. > FINANCEAND COMMERCIAL COMMIThEE . Prty4idK wtrw8ht of am comnw¢i twity wi¢hin NCVO. . Rffi"•v our busirtts pl&ns •rbd budyt$ •rnd rrnItorS Our porf•rm•rce •8•in¥t ¢•r8¢5, brlth fin•n¢ial and rbon- fin•neid. . Has ht èf ifi¥estm•nt$ a dfvd benefit pemion Kh•rM. . Has Oversight of d•t• •nd GOVERNANCEAND MOMINATIONSCOMMirrEE F•cilitates dN•rsity In tho pern•Th¢• strKture. . M•k•s Sufe the bo4rd •fid its >l- ¢cMnmittws h•v• tht fht rn¢x of skilli nd eMpetn¢•, . Supervises tht trustm •4•ction process lo ensure t"5 is open Ind d+mocriti¢. . Suppwts bo•Td develowt and tvalu•tbon.
MEMBERS, VOICE PRESIOENT We wThry•d wr m•rnlxF%on th• Tht president Kts as on arnbass•dw for NCVO and is elected by the m•mb•rs for a non'r•new•ble term of fiv• y••rk Baron•ss Jill fvtk••thl•y w8s tlct•d rsid•nt of NCVO 4t the AGM in N¢>vemb¢r 2017. She sttpped down in November 2022 It the end of hw fiv•- year tefm. We are ddighted to b• •bl• to ¢ommend B4rMess Delyth hloreon to •ur mem6vs •t Qur tspeomin8 AGM for electw as our new pdenL Delyth Morg•D h•5 &dic•t•d 30 yeors to wpporting th• br••st c•n¢er corrbmurbity. combinin8 hr scientific bKkgtQUhd ith • yssion fof bdvocw. Her journéy beeafi in •ctpéisrn during niver51ty days. She r•mp•igns at tKal wpprt to mtrnbers Shelter befor• bKomiThg 8rakihrough 8re•st Cancor's in•ueur•l thitf txecutbve c¢nfid¢nc• ard kr tly need to in1995. In th•1 role. th 4r$ the false their ¥0e, electw perio& establishrnent ¢f key fesearch IriliatiY5 nd campai£fied for Imyoved scr•qni and di4rbos proc•sse5. In 2005, D•lyth •Tht•r•d th• ofLo¢ds •Nd s•wd rym•nt mtntStr fo¢ four years. Returni to the chonty s¢Ctor •n 2011, s orchestrated the mereer of thro• l••th' breast cancer ch•ritie5, f4xming th• Org•nitIOn w• know tod•y. Delyth is drIn by pèrwial ConnectTr5 nd inspred by the stois of those ffectod by breast C4nCQf. She rem•bns dedicatod c•mpa¥n•r •nd Iwd•r, Mtstat by the Impxt sh• c•n m•k• longs• h•r exyrt ¢oll•agu•S. > BARONES5 DEIYTH AIORGAN NCVO PRESIDENY th• Impact on the fin•rial sust41nallity of chNit$. We pJbhfrd a In •dOrtn t¢ bn•fiS fr 8tr•Ymm¢nt dep4rlrnents, we wrote We hosted in.ryn odi èment Lmfits to f••dlKk from ow mombers and the tr sertof ta TIMS m•nAesto sets out a broad for the socty we to in, WKI the charities and bdunteer5 neod to KIMe¥e thjt $10Th.
AMBASSADOR CHARITY GOVERMANCE CODE AND CHARITY ETHICAL PRINCIPLES W• r• •x¢ited to wkome Lerd Simm Wooll•y •5 •n •M$sadOr for NCVO. Lord Woolley Is a wdl-knovm •dbe•E• for 54xial justbce and equality. H• ftsund•d Oyratitsn Black Vote (08V) pnnciples •re a set of standards for hh in1996 arbd l•d initb•tives to efftpower ptrform•rK• in ¥ManCe, We PW a ethnie minoritirt th• UL m•Jor fde bn th¢ir d•v•lopm•nt. He seryed •5 an e9uality and hurn•n Our trustees h•¥ adopted the C¢dt nehts commS1oner from 2009 to 2012. •nd vthical principle5 as a tool to In 2018, he wa5 appointed ty piime •r••s ¢f focu& In 2021122 we did a full mihist•r Th•f•U M•y to l••d the R•c• •J¢t•m•l 8¢)vtrn•nc• review In line with spariiy Uni( focusi w •tkniciWs bèst Pf&¢ti¢•. We introduc•d w on impact on society. ethKal poliey irt March 2022. Thr¢u8Ffftit his c•r••r Lord WooM•y In 2023124 ¥¥ c•rried ¢ut • fvrther hbs •ddr•ss•d rprKentation issues and r¢¥iew. W• kok•d •t the worknry and devdoyd l¢•drs, not4Uy in¢re•s remitj of our ¢ommitt•s •nd continu the numbr ¢f MPS frorn mirwity to 1fflF ow •wo•eh io brd b•ckgrounds from 4 to 6S. meetines. This helpéd ertsure r He w•$ knFght•d in 2019 in recognition drossing ¢riti¢•l Strate issues f¢r of hts3 Wofk •nd lits in th• House of •nd the sQCtor. Lords. He 4dvoutes for •gu•lity •nd diveryty nationblly ond intfll•ti+>fi•lty, •mph•sising the Impoftinet of in¢lysi¢n •hd opportuntty for •ti. NCVO is a commttted suppprt•r ¢f t Ch•rity Govrn•Thct C and th• IORD SIMON WooLLrY NCVO STRATEGIC ADVISOR We •ppoint•d Jud• Sh•eron our first str•te8•c a&.$ to th• bo•rd. Jde 15 marka£in8 director IEMEA) It Datastax. Bef¢r Joini Dat•St4x Jude held varirty OF ifit+rfi¢ior411 l••d•rship p¢sitwS •t Amazon Web S¢r¥ir• Edu5erv, TrvsL New York Univ•r5ity, •nd France Telecoffl. Mosl of Jud•'s h•$ focusd 4 d%ital technolw •nd irbnovation, hieh•r •dtscation and r•suf¢h. Jude has h¢ld a ¢f n¢)n.executNe p0gtsr1 in th• voluntary sector and s•r¥s mi8i%tr•t• in Bristol, UK. In his r¢le •$ str4tt8r¢ •&isof. Ju& ¥vorks with our board ro hélp thw CQftsider thè opportunrties afyd risks Of vsing Al •¢ros5 the Ctor and itKrt NCVO. >
OPENNESSAND
ACCOUNTABILITY
DIVERsITy1N
THE BOARD OFTRUSTEES
The ov•rnrchine principl• of our rtr•t•y Th• bo•rd coni•d•rs th• div•rtity
is bel m•mb•r f¥. W• t4&• •
of trt•% to be • k•y ¢ilY and
gll•bor•tiv• approKh thnd ie¢¢gnise
rt<•gniJrt tht limttatitirs of ele¢ti
thii members are the expert5 In charities govefNon¢e pro¢esse& The Eovtmw¢e
irtd +ffjIunteri. We reflect this through and rbomination5 committee revie
XW decision m)k1'.
the board's skills aNI diversity •nnu•lty.
For poliry vffjrk this m••Trs • f•r 8r•ator
They vffjrk to ynd•fStaThd b•rriws tp
focus M r••lly Undtnding Eh•
rg•8¢ment Ind d¢v¢lop t•rgeted
th•llnges members f•ce, thèir 80•1$
re
STRATEGIC REPORT
IIIPQA T• II•IAM¢IAL57AYI4IIITJ
KEY ACHIEVEMENTS THIS YEAR There are tens of thousands of voluntary-sector organisations in the UK. There are millions of volunteers. Every dayi people across the country give their time, energy and money to support communities. For NCVO has st¢)Dd %h¢uld•f t¢ shouldr with communitie5, eh•mPioni •nd chbrJtw% volunt•ry actiofi. We firmly belieyt th•t ¢ommurbil• 4re stTengthenod by cknit1. $0 • h•lp them thrive. NCVO mmb•fshp ts m•d• up of16,872 lunt•ry ¢r8•nis•tiorns across Engl•nd, From small, grass r¢ots etrnrnunity 8rosJps •nd ¢i•l enterwse¥ to l•rge, and ¢ob•l a re co nfident that th•rit1•5. We115ten to member5 and provide th¢ right knov•l•dg•. t¢)ols, WKI ¥when it m•tt*rn, $0 th•y c4ffl focus on deliveri fof wple 4nd e¢mmuThiti•s. PUBUC BENEFITSTATEMENT The trustees have paid due regard to the Charity Commission uidance on public NCVO'S aims and activities educating about, campaigning for and promoting the interests of civil society organisations are in accordance with the re ulations on public NCVO CHAMPIONS AND STRENGTHENS VOLUNTEERING AND CIVIL SOCIETY. wmi 16.872 MEMBERS RANGING FROMTHE SMALLEST COMMUNITY ORGANISATIONSTOTHE LARGEST CHARITlfS. •••DM IYATIM•IIYI
We have continued to Implement our 2021-2025 strategy that focuses on four goals and is underpinned by our four key values. GOALS: VALUES: SUPPORT OPEN *)) AMPLIFY COLLABORATIVE CONNECT 4,8 INCLUSIVE AMBITIOUS EVOLVE STRATEGIC PRIORITIES: Our business plan for the year drew upon these goals and values and centred on six priorities to support members. 1 Community building and belonging 2 Environmental 5UStainability and governance Small and local 4. Economic, political and regulatory environment Collaboration, learning, systems and processes 6, Income generation
DELIVERING OUR STRATEGY This summary highlights some of our key achievements against our six business plan priorities over the financial year. COMMUNITYBUILDING AND BELONGING - pThdod by Sm•ll Ch•rity Co•lit•On, IrKluding the helpde5k and We war¥t tveryont In th¢ volynt•ry ch•rity Mt up t<>ol. The team contjnue rtof - Staff and volunteer3 - to f•d lik• lo provide vwt•l support and eudance th•y b•long. We delwred thè DCMS- sm•ll ch•rities. fund•d proJKt to ifflplement Vis•on for v0lufii••ri • t•n-y•ir Strategy desierbed to ct¢4t• • b•ttef future for the Volunteeri eCY$t•m. Th• itr•te •d•pt5 in ordef to fit our ehofieirn world and im1e$ voluThtefi¥ for th• b+rfit of volunteers, oreafftitn5 and 0r the yearj h•¥• worked to eomffiurtili•s. r•du¢e our •nvironm•nt•l imp•ct As yrt of buildi ¢ur on80ing nvm6•r of key commitments, such und•rstsndin8 of volunt••nn& signing up to the Mayof ¢f Ltsndort's pvblished the flrne Wèll Swt 2023 Green Pr4xuremenL and the Glob•l r•s••rch that fY$S¢d on volunteers Action Plans audit s¢hwn. In Ally 2023 fid ih•ir •xperience. Th survey wa5 we wtre pffoud io •¢hiqv• Gr•en eonduci¢d by YouGov bith 7,000 M•rk lty•l cm• Kcr•ditJtion for 4)IK members of th• publ•¢ oxplorTn8 e•rtf•f•ncing f•¢ilitI, achbevin volurte•r p)rlicip•lton, m¢tiv•tions Kross all four Sections.. enNironmftt*l rriers to ¥¢lunieeriW th¢ qu•l¥ty vf managemèni.10¢41 environment, vtiliti•s lunt••rs' exptnences and th• imp•¢t nd waste. We •1 bwn t¢ impl•m•nt Of w)lunt•erin8. our int¢m•l plan ¢• r•Kh nvt zero. In 4 ¢•nlinu•li¢n Of this work. we us
i•rting with building • CQrnFAete pictur•
this d•ta. as w•ll 43 ¢ornmissioning boost of our c•rbon ftprInt. resear¢h, t? build •ur urd•r5tanding of W •r• a new10-y•4f the expetience and pwsp•ct1 of peopkn maintefiancè plan f¢)r Soeitty &Jildin¢. from the 8lobJl m•JNily. r•s••rth w•s the first of its kind and w•$ • Wi1 The final pl•A wil In¢lud w•ys to • of wo¢k to •dvan¢e our sectoli improv¢ ¢>ur ertvironmental Imyct •r41 consider m•asvre5 like water work to •nsur• • MO dwerse and r¢fiKliv• volw7t••r comTh&Nty. •9vit and he•t pump technol¥y. alongside c•rbon literxy train¢ fof dl In kee vnth l•st y••f, • lot of eur employees. We •lt••dy replK•d the work has betn fo¢used on supporti ftrn•tnffig lhts in tht ¢•nfefence 51Jlte small charities. Foll¢win£ its clVt• •rnd sh•r•d wilh LED Ight14nd 2022, we •greed to take on th• kry offered t•Thants th* ¢ppoftunity ENVIRONMENTAL SUSTAINABILITY AND GOVERNANCE loo%
to •lw roplK¢ iheir lights •s part of the SMALL AND LOCAL s•m¢ prL¥gr•mme of Work. We are also rwi¢rn8 our In-house catenng m•nu NCVO f•£ne$ that small charit15 fo¢ the conference 5111te to •n5Urn th•1 need distinct. eY to acc$ supp¢rt ¢h•t e•fb¢)n impact is rnirbimis•d th•f• •h•bles them to thiive. After l•un¢hine ¥t the end of March 2023. thv Sm•ll Chanties Adviwry Pnel ISCAP). has In July 2023 we liiffiehed a tOr. contbn¢J•d to tsk¢ sh•pe 41 •ft inté8ral idt umpa¥n enc(r¥Ifftg ¢titi$ cOmptnI in •mphfyiy srn•ll ¢honty t¢ nsIder divestiTrg frorn f055il fuds. vo•e•s •¢r¢ss the sector •nd in dK15ion- 'Fll•Trg Positive Chnge, cllls on rn•kttl8 ForurnL tharitjes to consid•f MOVI In¥ttr•ts Toeether. the pand hos cr••td • vision away from busin•%s•% invow IA the extr•ction, y•du¢li¢ry tr4nsport•tion. for the futurv for vThall charity Ind 1•finI •nd mafktiin£ of fosyl fud5. In volunt•ry oig•niutiM& This ifieludes 2024, Tmé ¥IFII be broad1 out our •nsurine they •r¢ reUrCed ar sypport+d to play their vital role in our ork 00 gJit•inable i¢t•on to wpport lh• communities: urderstood and valu•d by ctor in definifi& 4nd rn•¢hiThg t1r en¥ifonmtnt•l 8. vtrnment, filrders, •nd ¢th•r wclors; t¢n¢ted to uch oth•r •nd th• wid¢r We cOntind to support the seclor voluntary ecosystem Y¢h impro to d¢liv•¢ good 8¢¥ern4FKe through our coll•boration- r•prnsented in their wwk ¢n the 8overn•rt¢e co&, throueh divwsity both locally )fid nationalty with •ur traini and consultancy offer •rrtl k•y d•¢is•on m•kers; and 5•N¢ed by Vi• Wofk as part of Trv5t••s' W¢k in th• ififristffucture bodies with impr¢¥•d N¢¥ember 2023. p•rtntrshiP WOfkin8 and iTriti•tives, Followi the clo%ure of the Found•ti•n for Sociil 1rnpr¢wmI (FSI), the rwNin•d d•dic4t¢d i• Ouf sh¥ed >
ysityn of • stttor in whieh yn•ll ¢h•rities un thriv•. sector lead•fl. •fbd pri si ¢haired ponel wnth Th&n8h•m Debon•ire. then We secur•d fvndir from the14opl's Sh•dow Seeret•ry of St•t• for DCMS. Postcodè L•it•ry tg build and develop • In r•spDns• to th•t we ld b••n h••ri eLÈarning pl•tfwm, %pecffiuHy fr¢m our m•mb•rs about the •mp•et fgr sm•ll organisations. Our in-house tr•ning offer, allows us to l¥•f of elirnbing costs, f•ll•ng income artd demand inefe•sin& w• wr¥eyed chariti our ctX4rs•s in a dedicated wiy for ross the ¢OSJfiiry l• find out more le eh•rity Of group of charities. bout their ¢ortem> worn8. we ¢¢ntitwes to grow, We ddivered 183 itision5 ond a lot of r•turning found tht one in five ch•ritit5 thought they wlould be fofced to close, rnef8 ¢vstomv5, making it • k•y to 8rovrth f or paus OPf•iions. To addre$5 thi4 th• fvtur•. launchd ¢Uf #CMtOfGmcriSss Additi¢wlly, our h•lp •nd EUKl•nee c4rnyi8n Calli or the g¢v•rnrnent to p•w on the NCVO wvb51te receiv•d •ddrt5S the bjrgent Tht•d fot itf••Md 979,063 views over th• ye•r. 5howin8 fUftdI. th• Import•nt valtse th•t oui pr•ctiul We •150 publish•d our report on h•¥e in SUPPOfbn8 ¢h•riti•s, undermnded 4nd ¢ontrn¢ts. (Mr specfully ynalls, In &>inE their work research hhlhted a snifi¢4nt number Fin01, )¥e hèvé wurtd dtvploprnent ¢f ¢h•ri¢i•s •fe usmg fundro•sin8 •nd lUnth from the Nation•1 Lott•ry f don•tions Iv plug gaps ITr und•rfund•d • nin•-month project t¢ •xpl¢f• how publie ser¥i¢• ¢oTrtr•cts, with rn•ry infr45tru¢lyr• bodie5 best support sm•ll gwbsations sJyin8 th•y a hav• chantjes on a wstsinabh basis It) the lo nd b•ck or deelihe ¢¢ntra¢ts for fvtufe. We ar¢ Worki with A$5txiation s•rvic• d•livery. We a¢h¥ed MI•1 ¢f Ch•ifs, Charity 8$1, Ch•rity rr&ia eo¥w•e• •nd l¥gh levds of Fin•n¢• &oup (CFG). Ch•rt¢ftd sKial media ¢n8•8•ml from thè Institute of Fundr•15in& NAVCA •fid tor. and the ¢•myi£n w•$ rrised VCSEP on this PfQJKt. In PoAi•ment. To fwth•r wpport the seetaf. we laurbcw th• Ro•d Ah•d 2024 . our arbnuol publie•tlQA th•t •ndyse5 the •xtem•l envTroAment f¢r ¢h•rilr•s. This ywf w• fKluded more pro¢tlC415UPPQrt W• ¢¢)nt•nued to pfiorTrtise politiul and tjps to help charit•LbS navytt ih• m•nt ihis ywf Wlth 4 yo8r•mm• CllengI y•ar •kn•d. af InflUerb¢i ¥vcr& ¢)n y¢xurement, Cost of h¥1 Ind bank1. Finalty. ahèad of the •lrfii¢n, w• completed eng•8tment wilh m•mbe A m•j•r th•mE fof this yew w•$ orn Th• Voluntary Sectof M•nifst¢, iupportin8 yoOtary organis4tbOh5 to tlthich deloPed •Tr p•rtrefship camp•i8n •ffectivly. safely and vnth w)th ACEVO. Th• manifèsto •$ laief confiden< irn lht run up to the loc41 and tsurbchd TKhn th• gtneral electbon tional ele¢tic•n& called. Th• ffl•rtifeslo s•t out • collKti¥ As yrt of ¢)Uf worK NCVO t¢x¥k p VIIIM for how a futJr¢ 6obrnm•nt could IA • Civil Soci•ty Summit with th• Suppprt, •nd work in better pirtfi+rsh? thtn Leader of the Opposition. S•r Keir ith, ¢h•rity •nd YoluAt4ry SrfWr. > Starrnèr. Ind • nurnber of the thea Shadow frarti bench. A% p•rt of the mmwt, Sarah Elliott ¢h•ir•d a prmte k•i¢h wnth &'r kn'r Stsrm•r •fid s•fflior ECONOMIC. POUTICALAND REGULATORY ENVIRONMENT
COLLABORATION, LEARNING.
SYSTEMS AND PROCESSES
Our op•n tr•In1 progr•mm• coniirbu•d
In 2023124 we ¢ontinved to dv•lop
t¢ P•ffgrm w•U and h hhly reg•rded
of coll•bor•tion •¢ro%s
as • trust¢d Provr, 1th over 4,700
NCVO. M•kI •dv•nc•m•nts in lin•
•ndMdlI5 atteTrdin8 on¢ of our expert-
Ith ou¢ pPIt strategy to support
led cr$5. We ct)mpleted a full r•yiew
us ih Iiv4•)e valuts. Thè Fwle te•rn
of our pricing structtsre, balanci
has been restructured to pr(v•de a
the ntrds of NQ40 •nd that ¢f our
peoph partnenn£ proviyon to Ill
rn•mbw% ond di•nt chriti•s.
guf te•rn5 across NCVO and dri
pl¢ytt n8•mt.
We ufid¢rtwk • ihroueh reNi¢w of our
consyltiry wThice5 in the summer
We h•¥e laurbched our new learnin
arbd lutumn of 2023 to ensure our
arbd development stnlegy fo¢used
offer $t reflectd the nteds of our
colljboration, 5kn"115 5h•riy coJchin8
m•mbern wd th• vndfr s¢tor. Dr•wi
rbd mentoring. Ac
w• w•lcomed1,507 members (+158 ¢omp•rfd with 22123), we lapsed 1.689 (+263 ¢¢>mp•r•d with 22123), and th¢rnfor• m•mb•r5hip d•¢r••sd by 182 mèmbers 4Mr•ll. Thjs y¢lud•$ 847 membef ¢l¢)WfS. tht rnjority of which were community rnembers (rbon"pawne m•mb•r5). In •ddition,15 mefftbers l•ps•d dv• to mergers. typKalty ith ¢iher fflffiibws. Ouf coTrfer•nc iThcome has eontinu•d to Erow. w41th r¢om hire ineorne Irv•asin8 by 46%, ¢•tering rrbue by 37% •nd •quipm•nt hire by 32% c•mp4r¢d io th• pr•wous ye•r. W• hosted ¢>w 30.000 del4ottS, • ITW •f 3n from the previous year, afjd euted 285 ¢l•tnts. Dufine ar. t¢Th•nt•d sp•c• in Society Buildine r¢m•ind fdty occupied. wrth a f•ntal Ir+¢om• of We have benefited as a member of NCVO due to their national reach, and their role in amplifying our voice as one local charity working in the sector, helping to advocate for us and add our experience to the wider picture. We have found this to be incredibly affirming. helping us to understand how our experience matches with other charities, and how best we can respond In our uni9ue situation with a greater understandin8 of the wider context within which it is taking place. NCVO'S support has been Invaluable for us in making sense of the conflict between statutory and voluntary sector, and the contrast between our salarie5 and specialist skills and performance monitoring, with pressure on charities to deliver more for less. It ha5 also allowed us to navigate the ethical challenges wie face, such as expectations from funders and statutory contracts to deliver work which is not in line with what we know to be best practice. É650,000. ALICE HI8DERT. BUSINESSSUPPORT LEAD AT IMARA
MEMBERSHIP In 2023124 we carried out a membership data review. We wanted to understand the impact of the pandemic and costs crisis. The review focused on the smallest organisations whose membership had fallen dormant. We l•pJed 800+ membefships since the th•ir Ld81$. 15% of rybwnb• P•fbdtmr< beg•n dve to organisatiws thry couldth't justify p•y closing. W• eXp•TrE•d • drop in fo¢ m•mb•rship as th¢ir ¢osts m•mb•r nvrnb•rs •nd sp•nt th• r•st d dr4sbcally In3ed. th• fih•n¢i•l y••r rtt¢¥¢ri In 9Vlrter5 thr•e arbd four w• s•w h¢1 Ow membersh¢p 8rowAh le¥elled off nLNnbers of rn•mb•rthip •ppliutK>ns, i•) qLtartÈr t. We wélcomed many W• •xc••d•d vur 80•ls fcrf incom members bui l•psed •n equ•lty e¢nér•tion rntynih-t¢.m¢rnth. W¢ ifK•nt nvn)b•f 0$ m•mb*rs w¢korned n¢ady150 highest-In¢ome 8r•ppl•d v•ith d•m•nd •nd b•l•Thti eh•rities as mombers.170 of I>Uf new > JIX OF NEW k4EMBIR'" HEARD ABC)UT US THROUGHAN ONIINEAD CUMULATIVE GROWTH COMPARED WITH PREVIOUS YEARS
We have been £reatly supported by NCVO, particulady In training and volunteer recruitment. NCVO provided essential Information and packages for our nev• rnanager, helping her get acquainted with packages of information. Their volunteer recruitment training helped to reaffirm our practices and gave us confidence In our instincts and approach. Th15 SUPPOrt has been invaluable In helpin8 us understand the principles of volunteer recruitment and targeting diverse communities. NCVO'S guidance has allowed us to navigate the challenges of operating as a small charity, managing our slim staff, and maintaining our services. rnernbers were rèturning to NCVO •ftef an avr¥t 3.4 ye4rs. This w•s the quickt 4ver•ge retLrn.time wo'v¢ r s••n. . 37% of rb¢W m¢mb•rs h••rd •bout s through an or•lint ad. Th5 11 0 siznificafit increase ¢emprd to •viw% y••rs. . 20% of n•¥ membvs w•r• r•f•rr•d t• us by existm8 NCVO m•mb•rs. . 20% I••rTb Jbout us from local Infr•stru¢tUT• ownisotbon. Most rbew members n•ed our h•lp with govern•rKe in theif first ye•r membership. We dfip.feed 4yJr 8owrn4n¢o %uppDrt t¢ thest mernbers •eross thpif first y••r of bIrShIP. We cross-sell other rtl•v•nt 5•rwc5 •fbd support in P• W• hrd from new and r•n•WI m•mbm •t 35 m•mbef"onty Thetworkin£ ewents Kross th• y••r, N•w rnemben reco8n15ed our elTorls to sFwr SARAH HOLMES. VOLUNTEER COORDINATOR FORAGE CONCEAN SOUThEMD Oyf mvnbeTsh•p tum hd •wer4ge of1.800 ont-to-•n• int•r•ctioTrs with members eath m¢nth. We yornoted membefship •t 4nothef 48 online events xr¢ss the year. W• s•w tho impKt ¢f d•t• d••rning in rttehtboA rate. lfi 2023124, 90.4% of mernbers renewed th*r m•Mb•rsp1 down 1.5% from 2022123. Retefition w•$ Iow•5t kr small organisations with 41n in¢orn• ynd•r Ilm, We rtt•ined 85.3% ¢f small org•Thls•iio d¢AYn 7.7% from 2022123. >
11 SUPPORTERS FUNDERS We Wld like io th•nk Ctty 8rid£e Tfust. Their support has •llt>wed us to ddiver our annual webinar progr•mm•, produc• •nd m•int4in our onlin• tools •nd resoure•s, kp our fre hfrlpdesk •v•il4bl and eèfttinue to build yTrall chanties a&¥isory ynel s imyeL Thank you to National Lottery Awards fof AJI ¥¥ho •lso support our w•bin•r prv8r•mm•. Our th•nks •xtnd io th Naiion•l Lottery Commtsnily Fund for thw support of the Power of Srnoll Project. This pwojoct hdp w b•tter urKlerstind the support 5rn•11 choriti•s r•e•d from infr•stry¢tur• orE•nisDtioni. We re •lso exeit•d t¢ be I•uh¢hin8 •n ¢L¢•min8 plaiform In 2024 oimed •¢ smill charitieL Thi's is funded by the Peoplè's Postcode Loitery. It will focu5 on immtdiate need •nd be offèred at •fford•ble pric•, Furth•f thanks to Royal SDcffjty of Fwih•r th•rths io th• Dyrtfflwt f Sithtisticsans ard CharityJob fL)f their contrutiOnS to this ytar's Culiure •nd Sport in their $Lprt for Slty1. CORPORATES We'd like to thaThk al our w4P1 for their witinu•d efforts to bring 9vality wrv¥¢u •nd prody¢ts ¢• our mmb•rs and th• knder s¢ctor. k you to Atknon HR, TnAt•es Unlifflited and Utility Aid for their ¢antrikntioThs to our programrne of •¢tMty dvring I£th. Th•nk you to Uiilily for h4Xti vohjnleef forum in Manchester, to fa5in5 for hosti our CEO n•twofkin8 evening, St4)ne KI for sponsoring Ouf Gov¢manc• Forum •Tr4 Sa8• Ints¢t f¢f 6•in8 wr R¢•d Ah••d sponwr. Syciil th•n&s io )ur Part1* Zuiieh Ind Phoenix for iheir contrilwJtK>n5 throughout the year •CfOSS multiple ¢h•nnds. And thank you to Withers fof their Continu input •nd inyght on our w•bin•r Fmalty. thank you to Uoyds Bank Fwndation f¢r their continued Support
CONSULTANCYCUENTS Our te•m of co¥nsult•nts work with • T•e of tlirtts from •cross th• s•¢t¢f. TW support projects on slr•ttiy. 1XniS•ti•I development, 8ovwNn¢•. •Y•lu•tion impact, and volunte•rin& We work•d vnth Ntrslty Role Models on their mbra ro t SUPPDrid in yean ¢ne and two wrth we•r¢h. •luatiM, their theory of chanF, d•t• ¢¢IIKtion. •natyryis •nd reytine. 66 As part of a project that Libraries Connected are running, we set up a Training and Support programme for participatirlg libraries and this included a 5Ulte of online training delivered by NCVO. The training that NCVO delivered was received brilliantly by the attendees. It was insightful, useful and interactive, and feedback frorn delegates was that it was a really positive experience. The trainers themselves were really engaging and experienced, ensuring that the modules were bespoke to our needs. Communication with NCVO has been great and resources received as part of the training have proved really useful. W• fwrd th• af NCVO to b• outstatsdina Ind the t•arn h•w 84in•d ffl from our partnof¥hip. Wofkin8 with NCVO iN c•rt•inty • I•t1 irnpact •Th th• rh•nty •nd h•$ bwi • hLV b•n•fit to ow thrw6h th+ tCh •nd CHIEF ÉDULAIION OFFICER AT DIVERSITY RQLE MODEL5 W• •l%o worked wwth Safer W•ri¢kshif• Portnwship. 99 66 EMMA DANIEL PROJECTSAMD HNANC£ ADMINISTRATORAT UBRAAIES CONNEcfED NC410 to th• ofc. a kry Il•mw NCVO workd do5etyith us to ywthrtWKI th• cOt of 1¢ thi$ 4pyo•th •nd vstandry of thès•ctor &ith MICK COLEHAN')TKfyTEGY AT WEP WJIWICKSHIAE 99
OURYEMR 5,831 PARTICIPANTS ENGAGED ACROSS 830NLINE ENGAGEMENTOPPORTUNITIE& 90.4/. THIS IS 811 MORE PARTICIPANTS THAN 2022123ACROSS18 MORE EVENTS OVERALL RETENTION RATE (SAME AS 2022123) 82Y. OF PARTICIPANTS SAID THEY LEARNT SOMETHING THEY CAN APPLYTO THEIR ROLE OR ORGANISATION 00 27%0F EVENTS WERE MEMBERONLY WE RAN NINEVOLUNTARYSECTOR MANIFESTOWORKSHOPSWITH ACEVO.THESEWEREAIMEDAT COLLABORATING WITH MEMBERS TOADVOCATE FOR THE NEEDS OF CHARITIES WITH THE FUTURE GOVERNMENT 85.3% 87.9% acevo SMALI PAMNG ORGANI&4TIONS MEMbERS WffH FREE MEMeERSHIP 93% IN 202Y23) 74/.OF MEMBERS OPERATE OUTSIDE LONDON AND WE HAVE MEMBERS IN EVERYCOUNTYOF ENGLAND
16,872 MEMBERS ATYEAR END (DOWN168 FROM 2022123) 5,830 (35/.) 11,049 (65/.) PAYING MEMBERS SMALL ORGANISATIONS WITH FREE MEMBERSHIP TRAINING AND CONSULTANCY THESE LEARNERSCAME FROM 1120 ORGANISATIONS. THROUGH OUR OPEN PROGRAMME WE TRAINED 4,736 PEOPLE ACROSS1960NLINE TRAINING COURSES OVER HALF WERE ACTIVE NCVO MEMBERS. 2*96 DELEGATESWERE ACTIVE MEMBERS, 280 DELEGATES CAME FROM ORGANISATIONS THAT RENEWED. OUR FIVE MOST POPULAR COURSES WERE: 183 WE ALSO RAN tE IN-HOUSE COURSES WITH 141 ORGANISATIONS CHARITY TRUSTEE INDUCTION REFRESHER 1477ArrENDÉESI MANAGING PEOPLE IN THECHARITYSECTOR WE RAN 15 BRIEFING SESSIONS WITH OUR CORPORATE PARTNERS THROUGH THE STEP ON BOARDTRUSTEE PLACEMENT PROGRAMME ¢394 ATTENOEESI GOOD PRACTICE IN VOLUNTEER MANAGEMENT (370ATIENDEES) PROJECT MANAGEMENT (354 ATfENDEES) CHARITY FINANCE (268 ATTENOEES) Week WE RAN OUR ANNUAL TRUSTEES, WEEK EVENT SERIES
WEBSITE, PRACTICAL SUPPORT AND RESOURCES 587,725 USERS 26,266 VIEWS OF SMALLCHARITY SUPPORT PAGE 11 é)éi 2,575,228 PAGE VIEWS 8,225 VIEWS OFTHE COST OF LIVING CONTENT TOP3 PUBLICLY ACCESSIBLE PAGES (EXCLUDING HOMEPAGE) WERE: TRAINING AND EVENTS TOP3 INSIGHTS PIECES WERE: KEY FINDINGS FROM TIME WELLSPENT2024 11.595 VIEW5 THE BIG HELPOUT: HOW TO GET INVOLVED HELP AND GUIDANCE 7J89 VIEW5 I WANTTO VOLUNTEER THE ROAD AHEAD 2024 7J05VIEWS
FINANCIAL REVIEW
FINANCES The ear ending 31 March 2024 was another challenging year. We faced increasing demand, rising costs and pressures on raising income. This was the case for many charities. Income from our conferencing facilities has continued to recover. Our other Income streams such as membership, training and consultancy have also grown. INCOME EXPENDITURE Ir tot•1 inrn• incr•4s•d from £7.Im to £12am ¢ory•red to the ye•r. Th• m•in r¢•son for this mcre¢ Is the t•¢•ipt of funds of £5m from Ch•nt•P5 Aid This w•s rn•ir•ly du• to Jn increase in dernind Fof seThices stsch as our Fourrflati¢>n rec08n1si an Underp•¢ ifi the bmious >wr5 of a contr•ct•J•l ¢ferenC1Th8 Sulte ard con5ult•ncy. Th•r• were also Costs •ssoci•tA with Viiiofi eem•nt. W• •r ¢ontir¥Jin8 to ne8Otiate for Volunt•enng •kni¢h is fvrded by the this WltrKt mwn& forward x) we un D•p•rtm•ni for Cultuf¢, Medi• Sport $4wrt tr•n more chafitie4 In more ways IDCMS). Tolil e¥p•ndrtuf• in¢r••s•d from E6.9m in 2023 to É8.Im in 2024. . We've recebved r%¥ r•strict•d fun&in£ for bywcts Incl1 Powtr of kn•ll, building an tLe4rniD4 off¢ 4Thd f¢f pr•¢ti¢•l supporL We cMtiThae to generats incom• fr¢m • FUNDS N•¢ in¢ofh• E4.2m 1Th 2024 t¢ E4.4lm. Thts ifieluded • É0.2m ga•n 4)n 1r1vestmt3 follovnn8 • £O.Im19s5 In 2023. The m•in source Of income from •nd bs £4.9m from Ch4ritits "d FouThdat4on (CAF). Thls is up ty E4.2m from É0.7rn in 2023. Income fnxn dwTit•bl• •¢lr•ili¢% coThtin to incf••S• iknnks to iAcrwsd in¢om• from ir•ih4 aThd c<in5uFt•n¢y xrvices thd yant& This y••f it w•s E4.5m, up from £3.8m In 2023. The actuarial10sS ¢11 th• dtfified peniiofi of El.4m (2023.. xttsarial1055 of EO.8m) resulted irt • Thet increase in fund5 of E3m (2023: net dKrt•se ¢f £0.7m) 4nd total funds at th qnd of th• y•r of E9.Im12023: 16.1rn). In¢¢)me from tr•dini •rtiwitin h•$ inere•sed from 12.2m in 2023 to E2.7m In 2024, Thfj r p•rtty thahks to incom from our ¢¢nf¢fWK¢ fKilbties ¢ontirwJiThg to r•¢owr.
BALANCE SHEE T FUTURE FINA14CIAL PLANNING Fued $¢¢$ includ• Society lId1 •t 13.4m urdèr the histor•¢•l Gost con¥ention, bel the orin•l ¢Nt plus th• ¢¢st of 3ubse9uent bu•ldin8 works l•$% d•yeci•tion. In JuThe 2013 the build,. v•lued at 114.25m on a 15-y¢ir s•l•-•nd-k•seback basi5. Anecdot•l evidefKe sye8•sts the value S Increased since thpTh, At th erd of th yr there on outstandlne lo•n of É1.2m secured on the buildin8. The lo•n vK•% t•ktn out 2011 and has a 20-ye•r m•¢urity. There is • five" yeaf bft4k in Ayil 2026. Tlhi INn ¢•n be r•gOtiated for • furth•f rtnew4bl• t•rm of five Y. NCVO'I d•fin•d b•n¢fit p•n5bDn 5¢hem• wa5 closed to futur• •¢uubl +)n 31 Morch 2011. NCVO has beefi parna eontri&Jtions under ¥ deficit reduction plart •yeed f¢lloM"ng the tri-annLMI ¥•1tiOn at 30 Spt•mber 2022 thich showed a deficit of E2.5rn. Th• pl•n kns •n expected énd daté of 31 Dec•mb•r We art Conlinu8 to work to 8row wr other Income b•¢k to pre-p•rdemic levels so we c8n 1Th¢ft• our wpport for our memb•fS and the sector. W• h • b•l•n¢•d bvdget In plK• for 2024125 will •150 be focu5ry 1 rebuil&"ry our ¢•sh r•s•r¥•5. 2029. Ncrfo h•$ ¥r••d • dvficit repaymt plin with TPT R•tir•m•nt Solution5 CTPT). TPT are the trvst••s of thr The plan will soe • contribution of f 0.3m per annurn from I W 2024. This will fi5• by 3X per annum •è¢h subse9u¢nt y••r. plv5 •r•rw•l scheme expenses. ContributbOn5 n ¢h wr to 31 March 2024 were £0.3rn (2023: £0.3million) plus seheme •xpeftws. The liob•lity in feSPètt <Jf the dfin•d p•nsion scheme is rec08nd, 8$ ppr¢pri•t•. M the balance sheet •t th• y¢s•nt y•1 Of ihe defined oblytiofi less t fair ¥•lut of the plan assets at the d•it Ind h•$ b*¢n c4lculaied by an Independ1, g¥•lifwd •¢tu•ry in •¢cord•nce with Fin•Th¢1 R¢porting Standard 102 IFRS102). This v•lv•tiort •t 31 M•rch 2024 rulted In a b•l•ne• of El.8ffullion (2023-. 10.&nilliobi) du• to th• s¢hm• •rNling the in • dtficil posit¥¢n.
POLICIES INVESTMENTS Dwiy the year to 31 March 2024. Ir The trustee5 hwe 5•t • r•s•rws pol•cy Inve5tmefftt portfolio was managed by that r•quir•s r•s•rvK to b• maint4in•d UBS. Our bnve5tment polKy •lgfts wtth It • l•v•l whi¢h •nwr•s th•t NCVQ'S our oim to be • S•JSt•inoble •rbd so(i•lly ¢ty• •¢INity ¢¢uld ¢¢n¢inu¢ duftrt8 f•%poniibl• or8•nlS•titirb. Ow InVlMIn1 • peri¢d of unfer•s¢en dthcdty. A 04'ective is lo providt lan£-t•rm ¢•p•t41 PfOPOrtion af feser¥th must also be Ind income erowth. maintsined In • readily realisable form. During 2022123. th• b¢Afd dKid•d to Th• truslws •ss•ss ¢h rnquir•d l•v•l of divest from &Jyfftss•s •vho •r• in[¥d r•s•rv•s on In annu•l b•iis, •lonydé in th• e¥tr•ction •nd produ¢tKyn of loss•l the •pr•tlfl8 et. The •ss•ssrnent fu•l¥. tsk•s Kcounl of the market ¥•luation U85 starts vnth a nèeati¥e screefi •nd f iThvtstments. Incorn• ind expenditure thert applies a positive screen, This risk within th• bvdget, ¢ornmitmints to IIow5 them Eo •cliv¢ty select ¢omP•i1 r•p•y th•1o•n s•¢ur•d on ih• bulldi •dOptI b•st in •rn4s such ts: Ind th need to k¢¢p wffi¢ient bank . suppty ¢h••n man•8emént b•l•nc•s to •blt io m•na8é th d•y-to-day fluttlth$ of récèipts brrtl • Waste and Cadm rniwennt ptyrnents. . •mptsy•• welfare Th• f•s•rws poli¢y w•$ r•¥i•w•d in Nov•mb•r 2023.li •ered thot w• will continue to use a rk-ba3ed •pyoaeh to calculate the levd of fesews we shoukl hokl bmed on: . th ¢f risks •% p•rt of i bulln$ pl•nniTrg pr¢¢ws three mortths overage staff exwdFture from the bvdget one or two fwbonths •¥erig• stsff •xp•nditur• d•p•rbdin8 on ih• l•v•l of diKr•tion. Wè ¢•l¢ul4tè re•d,ly ralisable resefves 15 the awer4Ee p¢iTht of budgeted ¢•sh dunng the year. The cvrr•nt Itvd of readily rulisable resems is É2.Sm bpve this lev•l. This is du• to th• b•ck p•ym•rnt gf Charti•s Ad Found•(rt income •fter ye•r-¢nd. RESERVES This approach aims to cre•te 4 portfol" of companies actr¥ly focvsed on m•n•ging t1¢ busin•sws wst•inobty. The portfolio perftsrrn•rhee li mor¥t¢rtd quorteAy by th tru5tee5. The fin•ncé and commercial committee re¥% nnually the Perfofrnae of the portfol•o, •nd $4$5 If the pDrtfol•o will mwt fvtvr• r•4uirm•nts. J?
At 311I4r¢h 2024. NQ4U% reserve5 c•lculatons were as follo 31 hl•sGh2Q14 31th1•r4¥21J23 N•t risk •d•nt4fd in pl•rwknng yoctts for loll•m8 y•f wtykI upit•l R•quirnd l•v•l of r•swv•• Av•r•8• Wvbt ol¢oh for oaft fKility toyr I11•) 464 Oto233 1.830 2,007 2,007 t• 2240 2W4 4,800 1.000 4000 Des1•1•d fund5 Inote 17) inckjde • fixed Mset ful, fNhdi yi•snts fvrbds th•t con onty be wlised •)fft d15pol ol the fixed assets Jnd • of •ll¢e•iions whi¢h will sp•nl ov•r th• nxt year. FUNDRAISING S•¢ttyon1624 of th• Chanti•s Att 2011 ires eh)riti¢s lo m•k• • sl•l•m•nt regording fuodraesing activities. Alihough w don't do w•ideyead fundralstng f¢¢m th g•nefal publ•c, the legislation defirnes fundr•ising •%'5aiciting or othen¥ise praeurin8 mohey of oth¢f proptrty For chaflt•ble purposes,. Thes¢ •mounts •r• presented in 4)ccounts &s'dtsn•ti•ns nd vobuntary income,. W• confirm th•1 •ll s01i¢it•tioffls are man¥ed •ntrn•lly •nd wiihout involvemeftt of ¢ommefewl p•rticipato pr¢f•ssioNI fuThdr•iser3 tsr third parties. Th• day-t•-day m•n•geTht of all ific¢mt 8n•r•tion is d•legated to the executive te•m, whieh 15 •ccount•ble to the trustees. We r not r4uired io b• b¢wid by any wutst•)ry kheme and d¢n t coTrs•dr it n•cesury to comp th any luntry code of practice. We haven't r•¢•v•d •ry complaints in relation to fundraisin8 •¢ti¥iti•s. (r terms of employmèrbt réquire stsff to b¢h•¥• rwwn•bty at •ll times. As do n•t •pprg•ch indiwiduals for fu e do noi hav• p4rti¢ul#r polics•s on ndr•I54 •CtTriities. Wt don'¢ ¢onsid•r it ne£•ss•ry therdore to dM4gn spt¢th¢ procedurs to monitor these xtiviti.
STAFF PAY REMUNERATION STATEI4ENT NCVO'S inqu•ry into ch•rity s•nior •x•cutiv• pay provided gvNl•n¢e for truste•s on sottin8 r¢munef•tion for senior e¥e¢utry•s. It 41so rttomm•rrfl•d tht •ll Ch•ritl ith ind¢pendentty 4udrt•d •ccournts thould: NO/0 is • London liwing"w•gt- . •dopt • r•murlIb•ft pol Jeedited employer. This mean5 all ovr %t•ff •nd contractors art paid it least th• . publish In 4nnwl statemefit explaining London Lwin8 Wage. th•ir ¢h•rity's •th¢s and poky on r•muMr•tion W• b•litr• in Creati rout•s into ¢h•fTti•s fof people vlho ¢•rt't . •xpl•in h¢)W this imp•¢ts the dèlivery of afford to do urspaid internships. Ih¢ir ¢h•rit4ble purposes tht l•st thr ye•r5, we have fun an • r•yrt tht actual remunerati, rol pprenti¢•ship In p•rtnersk'p with •ha thimes of iThdivdual highest-pald Queen M•ry Univ•rsity of London. Thi5 sl•ff. as defined by the charity, apprentKeship ended during ih¢ yebr The in9Ukry recommended that tv rld the course has ce05ed 50 w •rt eharity's remuneratKJn st•ternrbt should l•)0k1 int¢ optio be irtluded knthin its trLbSte• 4nnual People Jr •mploy•d •¢ NCVO on th• f¢POrt. •dditon to the remuntr•tion basis of ¥>ecific 5ki115 •nd •xyri•n¢¢s disclosures that Charit are reqvirvd to tht thty bring to their porticul•r in¢lude Js i nott lo their x¢ounts. role. For NCVO to njn 51KC¢5sfully, • l•ry f•ye of skn'lls and discylin•% OUR APPROACMTO PAY •re f4uirtd. We fieed to pay people NCVO h45 •rovnd 86 5t•ff. S•l•fi¢s •pproprs•ttly to efisure that we c•r• fof the chief •x•cutiv•, ¢hi•f op•r•ti r¢ru4t peoplt with the ri6ht skill officer and dir•cton •r• wt •Trd W• also Theed to r¢ain stiff In a annually by our people, culture Ind cornp•titiv• m•rkei where their skills •n¢lusi&n committee. The yopl•, culiur• •r• rwaity tr•fisfr•bl• io oth•r nd incFuw¢n committe• irbclvd or£anbUtions, boih in the voluntary sve111t$ with signtfiunt poy •xptrti soctor and oth•r s•¢ton. Th4$ ts 4nd k1ww1ed. spe¢wlly of th• ch•rity particularty tru¢ 8iv•r¥ NCVO'S ¢ro%s- sectof. Cutti role. Our st4ff p•y K•t•$ 4r1 3¢¢ tith these facton in mind. peopl• to r•p¢•%nt Its inter¢sls. We •1 bel¥ In r•warding stoff f•idy for the j¢b5 they do, Wt •im to fost•r • positiv• wo¢king environrnent, ond b•li•¥• our s•l•ri$ 4rx4 terrns corbditions roAKt All 0¢T staff salones are 5•t th• ehieF exe¢utive. ¢h+•f operating officer •nd directon. Solanes art arronged In •re•his&tion-wide pay grade5. We u ¢¢mp•risons with ¢h)ritits of our size In London •rd tske infl•tion, seetor p•y s•itl•ffWits ind NCVO'S finJn¢i NCVO has a position in r•Pr$fyti th• wknle of the t¥olunt•ry ptrytion into •¢¢¢ynt. S•l•ries •fe Openly sKt¢r, Oyf ¢hi¢f ¢xecutwe, ehief st•tod iniob •drt oyr•ting officer •nd directors require W•'r• •rnbrti¢us for th¢ voluntary sector. breadth and d¢pth •f e¥ptrtise. This W• 6d••v• in rKiviting hh-¢41ibre uires drawi from lh• bsl senw- CHIEF EXEcunvE. CHIEF OPERATING OFFICER AND DIRECTOR'S PAY
l•v•l t•l•nt in • cornp•titive m•fkeL TFY to b •bl• to c¢mm&nd the spect of thir wrs •mon8 m•mb•f5 thro4h thttr expernce and crdibil,ty. M•mb•rs r•nge from the SMleSt io th• very l•rgst ¢h4rities. At the sbme lime. we seek 1¢> k••p s•l•ry ¢•sts vfithin reasctrnable r•ng•. Total r•munr•tn figures are salary plus ynsion contributions. Th followi informatitsft txcluds tmpl¢yer s national insuran¢e eofitributions (NIC) which are i[ded in the infofrnJt•tin ift not• 7. The th••f 1xUt1¥ and the execut• team tnttl•d to rniscell4neotss benefiti. sueh •$ child¢•re vouchers. wknich have n¢t be¢n In¢1vd h•r•. befTrefits are available lo all NOIO Chief èJÉ+¢utrv¢. thitf opr•ting offiur, s¢•ff. Ovt•ils of expens for ihe thi•f ¢xKy¢iv• •nd the •xo¢•Jti¥e te•m Jre dif¢Ctfjf •nd staff yy Iwds •r rwitrd••d 8iY•n irt fK•t• 8. •r•t)u•lly. Chitf x•cutiv. chief Opèrati officef d direet¢f P•y 1% d•t•nYin¢d by the people. eultur¢ ind in¢ly%iw mmitte•. It5 aim is t¢ ben¢hm8rk our ¢w¢utiw• i¢•m s•l•ries •rourbd the 25th centil•.' the l+>w •nd of natiofflal charities. yy le¥el& wilh • 7.5% tolef4rbce. We believe this ¢omp•risoD wwth Thatnl ch•riti•s rèfléets the n4lure ¢f ih• lkjls th•t w• need io recrvit and ret•ift, St•ff p•y bs rwi•4v•d by the chief ecutive, Chief opw•tin8 offic•r •nd di¢Ktor5. Poy Is ne8otiat•d b•h•lf ¢f staff by NCVO'S ft¢o8hised union, Unit•. Our aim has been to pay at the 75th eefitil¢: ¢ho higher •nd compared with oiganis•tiMs of r liz• in t•rnis of FncorDe and numb¢r af ¢mpl¢ym In th• unt•ry sector in LoThdon. Th• um• b•n•fits •PP to the ¢h•ef •xecutiv•. ekn•f ¢p•r•tNie offi¢•r and directofs as •ll other stsff. Tkn$ iTrrlude5 p¢nsions •ftd terrns and condition& W• don't •pply •ny fofrn of perform•h¢•- fd•ied p•y •nd we don't hwe 4 bonus schem. W* don t •pply ireMentS to st•ff sbl•rirt ap•rt fmm on• avtomatic InCment after the first12 months of BENCHMARKING E•ch ywr ih• •x•cuti¥e twm p•rticip•t• in perform•n¢• •ppr•iuls. These are pwt of the s•rn+ fe•db•ck 4rwJ •ppi•iMI schemè for NCVO st•ff.
P•na•• T•tsl' T•tsl 202Y24 S•kVknt 122.308 6,947 129255 126,816 8&107 Cr• Chidyrntyy offic•r (Ir¢4n l 2022) 103,530 9336 112,866 DK•rt•r olfin•rK• •wws(1• 31 M•y 2022) 1S548 17,937 l525 I962 to6 2024) DK¢•r •1 d lYm• (fv•m l Jufv• 2022. 5abbatK•I FrDm 1 J•iwy t• 28 Mly 2024) 67.098 S845 n.943 70,994 Al¥ F41VW 12.585 Ito 31 M•r 2022) 21267 •nd Ifrm I Octob•r 2022 to 31 J•rrtwry 2023J H4d of cthift•l c 30 W 2022) 8,963 79228 $6 83 34.543 •r41 $¥t Ifvvffl 31 O¢tobv 20221 p• Ktht•¢h•. 189 Ort•b•t 2022) (0.9 FTE) n¥ gfF•pI• •rd euliur• (10 30 t•nkn 2022) S70 Hmd ddytal. dit• t•tfr (ts 27 Il•y 2022) 12.763 81.787 45 86A32 11041 ¢iyr• •nd (frtffj 30 January 2023) Lknctor OF W¥i¢•5 p•rtM¢sFH'pJ (ffr I kn• 2022) 79.432 7,092 8($24 68,on IIN31 r(•5 (to 31 thy 2022) Int¢fn kn•d •( policy •r¢h (lrtm I J•w t•6 2024) V.937 1335 19,672 41
PAY RATIO PAY GAP REPORT ratio of ¢vr h•St 5•1wy (E122.308) lo our mtdithn s•l•ry IE42.996) $ 2.8. In 2023 th¢ r4t •s 3.1. NCVO is committed t¢ addfessi wr pay and Understands the need l• r¥i•w our •pyoKhes e9U¢tJbly nd faiily. Althwgh NO/0 •rn fewer th•n 250 staff •nd is th•r•For• nol wuired to publtsh yrbdtr p The 4nrbu•l pay awards for the executi¥• gap Infomation. we ha¥ ¢hosfi tts ¢10 twm ofid stoff hawe always been at the , •lon8 Wlth our ethThTrcity, &tbIlity, um• p•rcont•8e levvl until 2021122. x¥•l ori•nl•tirM •nd rdigion p•y gap inforrnotiDn. BetheTh 2011 •nd 2019 both th• s•fbi?r management team and 3t•lt ftteivd art We are do1 this to demonstrjté Ouf cornrnitrThent to bebn8 an emplfryéf th•t anNal 2% p•y 44¢d, foNoed by • 2.ri the import•nce of equity and p•y 4w•rd for 2019120. There wè5 no jndvsion •nd th• b•Trvfiis th•t h•vin p•y •w•rd in 2020121. In 2021122 tlre divtrse w¢rkfor¢¢ bring5, W• •r• 4159 w•1 a yy •w•rd of 2% •rKI • ratj on• committed to •doPtI an irttrsctiork•l off paym•nt of 1500 for 411 staff oth•r pproach when develowne our dats in than the chief executive. Chief operatin8 rngafd to protected ertwps. This helps to officer and dirctors, p•int • fvllor pi¢tvr• •nd •d•ntfy We 4gr•ed • 4.25% pty ••rd fvr 41 ¢ c•n improY•. stJff other than ¢M¢¢utryt tNffl f 2022123. This reflected ¢ost of livi Svmm•ry indices •t the time. The exttutr¥e team . Our p•y 8•p$ r•&J(l yew on year wer• ow•rded a 3% pay •ward plus • pro wtih th• •xr•ption of the •thn•city f4ts ofie off p•yrThènt gf £SOO, •p•rt cknf•Cteristit. We hbv¢ d¢moTrstrivd from the th[ ex¢¢utry• •nd ¢tf our impact and succéss xross the Operati officer. majority of ¢h•r•ctersti¢s. In 2023124, we 08re•d 4 pay rise Of . Wom•n m•k• up 74% of our totsl 6% fof st•ff for simil•r r••sons. We a150 Pulation corrf•red Qo SS% in th• COmPaf•d $4l•ri• tts m•rk•t d•t• •nd sector •s a whole. 50% of Ouf txecutive cofftctd Sbljries where they fdl b•loW are women and 81% of grados A ovr ply poli¢y. to C •re vrtjmen. . P•y g•ps for 2024 •r• kns th•n 4¢ross fo•Jr ch•r•ettristiC5. PAY AWARDS . Cmr ethnicity pay yp 15 13% Ibased on ¢h• mNn) Tthi¢h is ¥K1••5e ywr orl ye4f, . Th15 yeK we hw• st•rted to r•¥i•w intersectional data which 15 Providi us with More det•ded and spe¢Trfi¢ Insi8hts. . Th• qu•lw bnd ¢ompl•t•n•s% of our egwty, dtvtrsity Ind in¢lus•on (EDI) &ts coffttinues to imyove year pn yw. We one of the only employers to puUi5h our pay 8aps across five FYot•rt•d dwr•cterbsti¢s.
GENDER PAYGAP MEOIAN AND MEAN HOURLY EARNINGS At 27 March 2024 and l March 2023, tho m•di•n •nd rn••n mile ifid female hourty eamin w•r• as follo 'ff•r•n 2024 A•dD• 26.76 27.04 10.28) (1) 0.00 28.52 29.09 (0.57) (2) 0.33 The 8efid•r ply w Is minlmal for both the m•din •nd meon pay. Th• &ff•fenc•s •r• ÉOaB &t mdi•r r [0.57 at Both indrcjtors show fembles to b ejrni rnore per hour as avèr•y. HOURLY EARNINGS BY PAY QUARTILES At 27 Maich 2024 and l M•r¢h 2023. the rnw rnjle and female houfly eamin by qu•rtih •$ follows. X124. 2024 Q¥¥(4•1 20JI | 23.62 | 2730 21.41 11,10) (5) (0.961 (5) 24,13 (051) (2,09) (10) 29,00 .70) (6) 0,00 l (knrtil• 4 4322 39.25 3.97 5.65 16 When rev4wing tho earni5 by quartiltsi qvartiles one to thrv s+Khv femiles have • 8reater hwdy r•te th•n th•ir mal• coll•agu¢s. Th¢+ gr•a¢wt £•P 15 6% (11.70). Althoueh the fourth gu4f¢ile shows a 9X htyjdy ¥oriart¢ in f•vtyJr ¢f m•le e011+4tu, this e•fi b¢ ¢xpl•in¢d by the faet there Ire six m•les arbd 16 feffi• in this eroup. k'% impDrt•nt to rbote the positw proyvss rn on the ev•rting out of houdy Y rates acros5 9UJrtiles CthTy•red to 2023. ¢)Mrtilt two re&cd BX to n•rrow the houfFy pry ••rnirTr85 in 2024.
N HOURLY EARNINGS BY GRADE NCVO pay5 men arbd ¥Kfften on thè soffle 8f•d•s the smie s•l•ry f¢r th• work d•. Smdl diff•r•n¢•s ar• du• to new stoff startin8 at afi entry point on rrffultmènt and mtsving i¢th iht yade Poiht after theii first year of employnnL Thtfe will 41so be some •ddltn respM%&"lity PayITiert> for • Jrnall number of •Trdividv•ls. lknno vp 023 2011 (m 202 CEO I C¢)0 I 44.69 55.34 (10.65) (24) 110.31) (24) Gr•d•A- 37.21 39.42 12.J) (6) Nl• Nl Gt•d• B 32.63 1.87 Gr•d• C YJ.85 29.01 (3.16) (12) 0.22 Grd• D 24.80 25.32 (0.52) (2.92) (0.47) Nl• (2) (14) (3) Nl• 10,06) (0.76) Grwl• E 20.98 23.90 (4) Grd• 17.59 18.06 Nl• Nl• r•ntic•-' Nl• Nl• Nl• ' We h4¥e not included iThforrTration on staff ¥tho bdentify Thon.biNry in these t4bles •s we w•Tht to ithsduals •r• rKtt identthable. No fLtsm•le stsff •t thi$ 8f•de ih M•reh 2023. ' No ffl•le stsff •t this grade in March 2023. NCVO p•y sul•s r•flKt ¢thos b•li•ve irb; '•qu•I py for egu•I work,. Our pay policy £e$ us to recrLtil at th¢ enlry 1¢ ¢f ih sul•s f¢r •ll nfft INr•s. Ythvr• po55ible. This w wnetwne5 cause mm•mal
fiomalies bttw¢¢n p•y &• •spe¢b•lly if ¢h¢rn h•v• bt•rt • hhr numb•r of n•w st•rtws th•n Pi•Vi4YJS
All colle•gu•s hwe th• oppwtunity for pay yo8rus•Dn thtn the s¢•les on w¢¢essful ¢WletiOn of 4 yur's seryi¢•.
ETHINICITY PAY GAP At 27 Mofeh 2024 and l M•r¢h 2023. the ethnicity Pay 8•p th• followi. PRopoimoN OF GLOBAL 14AJORITY ACROSS 14CVO Gl•b•l rn•Jwity p•yyp 2014 Gl•knl ply yp202J IA•db 13 10 PROPORTION OFGLOBALMAJORITYSTAFFATEACH GRADE Gl•&•l fft• Whits 2014 Whits 2023 CEOICOOI 17 83 17 83 GrA loo Gr•d• B 13 88 20 80 Gr•d• C 22 78 Gr•d• D 19 81 32 68 Gr E 43 57 38 62 Grd• F 67 33 loo loo 28.89 26.21 Bl•¢k, Afrim CuiU••n •r Bl•¢k Bntish 22.53 zo. Mimd • nwltipl •thn•c zroups Whit• 25.86 25.69 29.73 27.04 Oth•r 26.76 26.76 Our rthrfity pty yp incrèased the most of •ny Pr¢t•¢t ¢h•rKt¢ri¥lics this yw. the mwi pty gap 1313% and thè mdiarb is14%. Both gaps incr•s•d y••r orn ytar and reguir further exploration. We also exceed the ONS benchmark in ElInd of 9.n mdian and 11% mearl. The data indicat our make up 27% of our pgpuFation. with 10% in 8r•d•s E •nd F. This h•5 rern•ifftd tht •$ last y¢4r. Bgth fTh•&on r•tes for TAIW •5 blKk Afriw, C•ribbMrnor blDek Bntijh •r• low•est of etknie yos. The p•y P betwoon coll••&w5 th dtntyfy as Asian •rd kniv* British ¢ompared to the hghest vy grtyJp ('te) h•s r•d4K•d to Él.00 fof both nn •rd median.
DISABILITY PAY GAP DISABILITY MEA14 A14D MEDIAN HOUALY EARNINGS AND PAY GAP 2024 Non.dis•t4ed Iy•5 sabled hrtY t• mmn Diff•r•rK• E28,86 E24A4 £28.99 £25.85 -EO.13 -El.41 M••Th p•y ¢•p Nofi.4&'sbbled st•ff houdy rn,1 Diubfed it•ff h04wly ••y 'ff•rnnc• 0% -6% E26.90 E22a9 E27.04 5.51 -£0.14 .£322 -14% PROPORTION OFKNOWN DISABLED ATEACH GRADE dM•U•d N• di¥•bl•d kn•n 4iubrti 20#. CEOICOOI loo 100 67 33 13 87 Gr•d• C 11 Gr•d• D 19 81 93 Gr•d• E loo 10 90 Gr•d• F 67 , Appw•nt•¢• ' We not Ind•d ififmtion staff In tFthe 8r•des bs wt 4fit to •n5ur• individu•k • not iderbtth•ble.
N• Diff•rth¢• •lht•n¢• di••bld! P 4M•b. 1028 30 CEOICOOI 0.00 50.02 Nl• Nl• Nl4 di1• 38.32 39A2 Cv•& B 35.12 32.67 (2.45) 0.22 Gr•dv C 28.66 1.62 (0.191 (ij Gr•d• O 24.93 (0.93) NIJ (4) Nl (o.n) 13) Gr•d• E 0.00 22.86 (0.09) Gr•d• P 17.$9 18.06 0.47 r•ntic• 0.00 0.00 Nl4 Nl• ' W• h•v• not in¢hJded infoffmatloft OTh st•ff in th•5• wint to emure Indi¥iduah •r• not •d•nttfibbl•. NVCO hos14% rePTt$t•tlOrt of colle•gu•s with kfbown dis•bilit•os. Ther• is p•y g•p f¢f rhis protttttd charKteristic across th• fjrg•t)iution. T% li th• l•r8rft impr¢vernent on last ye•r hi¢h th¢w•d our coll••8$ with krffl disabiliti•5 ¥¥•r• ming higher houfty rate5 of 6% me&•n •nd14% mun in 2023. Tht 8•p ihis ye•r has been r•mo¥•d with Y•rianee ¢f 0.13pph •nd14pph m••n, r•m•In1 p•t1¥e for colle¥ues Wfth kTr dimbihii•. The Office of N•tion41 st•tistiC5 (ONS) predbct the disability p•y g•p In En8l•nd will c¢ntirwe to in¢fe• in lim bith Gwr•nt tr•nd*. 1¢ w45 l•it rwted to be •t 13.8X n•tion•lby (ONS 2022).
SEXUAL ORIENTATION PAY GAP This is th• Mc¢nd y•w we'4 publish•d the ori•ntatiM py gap. We recogniw th•t st•ff may rKt Ktjvely b• sh•ring their s•xu•l orient•tion with NCVO, W• r•m•in committod to ensuring our diKIpsuv• rates in¢f$t by ¢r••tffe • Psy¢h¢bgK41 safe •re•rtli0rL SEXUALORIEtr4TATION MEAN ANO MEDIAH HOURLY EARNINGSAND PAY GAP M•an 2014 MuA2 Medi•n 21)24 2023 25,13 22.61 25.19 22.29 Gy Iwly 3828 29.92 40.33 25.51 mi 28.83 24.86 25.69 28.26 2227 31.21 19.16 ••rn• Oth•f IrtY 24.76 24.88 23.62 23.90 N•1 known Ibwrly 30.n 22,82 27.04 22,29 Th• hht prowtion Of colues It NCVO •d•ntify 5 heterosexual (66x1. The p•y sulK •nd hwdy e•rniDgs Within ih• id•titrfKation cate8or•e5 are f•irly b•l•n¢•d. It's important to note th•1 th• ¢olh•8ues who Klentify as 8•y men e•m £38.28 mwn É40.33 rnodian 8airist the mean of E28.83 •nd m•di•n of 125.69 fw heterosexu•l. This is •n houfly r•te differerce of •pyoximitely E10.00 per hour viiian¢¢ Il¢ss) ihm th•r colle¥ues ho id¢ntify •% h•t•ros•xud, g•y ¥••m•nllbl•ry. or other. On looki into thi5 furth•r Ft ¢lw hTlY wminy fw yy m•n w•r• b•ing disproportioNlely Impacted by a srn&ll nsjmber ¢f hi8h ••rn•ng colle•gues. When the% 4r¢ r+mov•d fr¢m the figures the yy 8•p b•tween gry men •rbd the othr ¢4t•8ori•$ r•duces to betmwn £9.00 •nd £7.00 pw huur nance, •rA r•duc 131.14 for both rneon •nd m•di•n.
RELIGION PAY GAP Thi5 IS th• s•¢¢)nd t•m• th•t • hav• r•ported on the religion ply eip. Ovw•ll, M do rtrtrt • si8nifi¢•nt p•y dtSVAty ift ternis of religio REUGION MEAN AND MEDIAN HOURLY EARNINGSAND PAY GAP IAMn 2024 M•1fv 2023 IA•di•n 2IW M•&•n 1023 3723 23.55 3421 22.29 l Ath+1 •4mi 25.43 23.78 25.19 23.90 Cètlb•l•¢ lvAy ••rnir4• 'NIA 27.38 'NIA 2129 26.06 2339 23.77 Hind•J hwrly •min Muslirn h•wly NrniTr£s Sikh e•rnin 23.69 18.20 23.69 18.20 32.25 27.90 33.07 22.29 32.97 'NIA 32.97 'NIA Oth•r h•urty ••rni No r•li¢ion houdy PY•fer not to s•y houfly e•rnirys 22.48 18.63 22A8 18.63 29.52 26.32 27.04 22.29 29.85 22,14 27.04 22.29 The h¢)uty r•¢ for •cross •ll r1tOr htr ther is no reliycn. or the preference li not lo say h•v• inrr••s•d •1 w y¢•r. Th¢ •¥ef4e rhtrn inere•se is •pPi0mIteIY 15.00 pèr hour. The largest ythir tyi y••r •ncr••s• ift houdy rate is for the Colleagu identify,. g as wostic •t £14.32, Th• h•$ •1 fier••sed across thè boaid, a 15.00 to n.00 mcre•s• p•r hour. It is important to note all the irb5ight3 •b¢M •r• b•s•d on • small pool of colleyvts w•ho have recorded their l%ion and may r*ot b• • tru• r•fi•ction. Furihr •n4tysi3 USI • ¢ombin•tion of data sets IS fequlred alon8 with • fvll p•y •udit.
PRIORITIES AND NEXTSTEPS . PfoYid• impro+od recruitment ind N•twork. We will continve ¢reatin stlection 8vid•nc•. This includespb i•fe •nd bf•V sp•¢es for all NCVO ev4luat•ons a¢msi th• r•cruitrnerbt staff who ideAtIfy M und•rr•rynted cycle with yrticul41 fo¢v5 on glob•l commsJniti•s and th•ir •lli m•jority •nd d¢sab•lity perspectiv Emb•d ¢vr ¥•lv•s within HR poli¢its . Und•rt•k• • w)iect with OL•r 8•10?£ Bo•rd ft•k to further explor 4nd ar in the r•d•sign of the perforrnanc• r•du¢• p•y £•p& revi fr•mevffjrk, wh•r• cl•ir expectations aThd b¢h•viours •r• set - Develop a bal4h¢•d •Mu•l ul•nd¥ •nd rneasuwed with 8uTrd•nee I+ oF••nts vnth hosted gust y•k•n, iimil•r to our recent all stoff events m•ii•8rs. ¢¢lebf•¢•ne IniwNtiond Women's . Implement fe8ul•t •qu•l p•y •udits to Day. identify 4ffld address unint¢nd•d ul•ry •nom•lits •cross NCVO. This •nclud•s . ClIn to dffilop •Uf •nti-r•¢isrn urbd•rt•kiThg envirorKDent•l imyct 5tr•teiy os Part of our ¢Yver1 4uIIy, asses%m¢nts for •nnu41 pay reviewL dIr$lty •nd iTr¢lvsion (EDI) strJt . Complete 8r•at•r ffi-d•pth •natys •nd ¢Uf inclusim •rtd 6•1 str41t4ic yojecL of d•t• sets ocross eharaet•ristics lo •dontrfy mor nuanced ways of A k•y str•iwc 41m in Qur yopl• ddreSne tht ¢•uses of our pay 8•ps. 5tratiy Is to move from ifKlusion to belon81 ¥thilst we continue to build . Delhvef rn •W4n5 ¢•rnpJign5 trust and ¢fynfidtrice. T.1 Is something •nd upskill our leaders on d¢s•&'lily we focussed on l•st yt•r •rbd htlptd us to •nd n•ur¢)dp¥•fsity in the m•d•fn.&y •ch•wrt •n ¢)verall engagement of WOf&pl•¢•, 70% on our 5t•ff 5uThey. This increased . Review our policiés •fbd n•xibl• Worki to 7ll th lh• Jun• pulw sur¥ey. djustrnefits ta irtttoduc• •vr •P(h One of th• key prin¢ip1•5 frorn ow to accessibility for alL This will h•lp to people stralegy is t¢ tak •A ¥d•n¢ b•ttw r•fl•¢t wider society v•hfrr• 18% b•s•d •nd ir•sights-led •pyooeh to of the UK popul•tion denlify as h• out v¥ork. W• ¢tyitifftvp to listen to our d&bIllty •r n•vrodiv•rEent. ¢olleaeuw 4nd •r• stf•n8thenin8 our . &•rt local actbon p1anfti With pproach to d•ts •Ntysis rd•tI to p•y di¢•ctorates and teams usifie ffi4hts Ind r•w•rd, from ow st•ff sury •nd $4Jbsegu¢n¢ W• •r• •lso committed to •dopti pulse sufyrys to help teams io addfess •n intertIon41 appCh when underrepresent•tion. delop,. our d•t• In rg•rd to . Continue to imyov• in¢lusi¥yty. protected charxt•risty¢k Th'5 will help Ir•nwr•D and •qthty tht¢)u8h our us d•vdop deeper •nahnis to e•ns•d•r •rs•, ALrth•nti<, Revolutionary rnor• Trnced initiatNts and ptomot• • •nd Emp•th•tDc (DARE), ond Rac• mor• inclusi¥ environment and a richv Equality Achi•¥ing Cultural Harmofty ¢ultur• for •M, IREACH) staff nrtwOS 4nd our LG8TQIA rbetrf th• R•ifib
ENVIRONMENTAL IMPACT Building on the re ort from our external independent environmental au Itors, we continue to work towards our tar et of becoming net zero within our own operations by This will be a loyer.terrn yojecL It will 114PROVIMG THE EFFICIENCY be aidèd by th• country'5 Infr•5tnJctur• OF OUR BUILDING de¢•thrbryn£ •$ th• 8•v•rnm•nt's own We've compled a I0.yr pl•nrd t•rg•ts •r• m•t. prevefitative mainten•nre pl•n. This will help us consider ener •ffici•nt •Ft•m•tiV•5 to •xisling 3yst•nk Ir F•6ru•ry 2024 wè ¢h•ne•d all lightin8 cornmuNI •re4s tts LED Jfid inslalled S•nSOfs in toilets and on 5t•i¥wells. LED lightirb8 is UP to 80% •ffKi•nl thbn Iluor•scnt li8htin8 •nd this work was complttd. Ti¥0 of ¢ur tenants h•¥• •lw moved to LED liehtine. This mearbs •pproximotely 80% of Society Buildi is now Iis•n8 LED Iht1£. FUELLING posmvE CHANGE CAMPAIGN &rK• 1•unChi Fulling Positive Ch•w umyign in Juty 2023, we'yè tripld numbéf OF edge$. We now ve 33 chorities rd yp. W• r•n ihr•• •vnls •nd h¢%t¢d 4 yfiel •t Civil Socitty's ESG C¢nference. W• r•¢•v¢d vtry positive feedback. IOOX of it1dS ot one event sa they will the leamine with oth•rs. One •tteThdoe •t ovr Cl1 Soci•ty p•MI OTHER SUSTAINABILITY 5a•d it'cut through th¢ Tho•w' ddivettd FISVRFS same k•y messog•s.' We surveyed otsr cvstomers •nd st•ff to Ihr •utumn we w¢rkod Yitth me•5Ul¢ th footprint of th•ir tr•v•l to NCVQ'S ev•tiOn team lo produce on SoEi•ty Builth.. W¢ •1sg rduced Internal Iwrning report, Three quart•rs (wr m•nu stltctions to cut doY on food of external support•r5 agT• thir w•st+ •nd dlYveri¢s. organition hls m•d• lo its di¥•stm•nt poliey or pr•¢tbC•i b•¢4U Usin8 2022 as our basefine wr, of ih•ir wir••ction to NCQO. hbve ¢omplet¢d a c•rknn ¢•kulator from Clean Growth. Thii ¢•kul•t•d ¢Uf ¢•)t•l A wider rb4¢r4ti¥e is rW being created to c•rIX •mi55ion5 •t 388 ICO •. discuss the wnportance of 5USt•inability for the sectof. This will w••ve tog•ih•r ow FuelnE Positpn Ch•ng• ¢•myi8n ith the swvius afid support th•t NCVO •re •lrv•dy ¢ffvin8. Thtte •n¢l¢Jd• ¢)ur rt•t i¢ro traini and e¢nfw•ne• iuit•.
GREEN PEAS STAFF COMMUNITY continue meJsufifi8 Utliti•s uug• to benchmwk yev on y••r Inst•ll •utQ-5top t•P5 tn all totl•ts to •id with • dKr••5• in water consumption. • mike WnPremrSts ¢0 th• •xt•m•l enwrorbment. We will bring to8eth•r Society Bu•l(h'ng users to erth•fice the n&tural envif¢nmeni around the building . rwiew our d4ital c•rb(•n footprirt •nd Consider h¢ we can reduce thii • revstw &JIld., signoge to ensufe we are encoura81 It•ff 4nd cvstornefs to reduce wèstè and h4ting •nd •ir nditton1 effiebeAtty • eonsdr how VM m••swe Our Seope 3 LtsP arbd dowtsstrtam Imp•ct •ccur•te We'll take steps tg rdu¢ thvw •reas, bvt •ccept they •re often outsde of twr contwol ind will requY •¢tiort from •xtorn•l orynisatitiThs. Th15 wtrll likely include seitmg our w(tstK>rv from suppliii Inv•st•t the powbility oFr•sdli w b•¢kup gen•r•tor as w rnowe our to th• ¢kxKI. ID October 2022 ¢stablish•d PEAS Staff community. Green PEAS is • 5p•c• for staff at NCVO to hare tlf ¢n •XP•fi•n¢• of poytiv• environment•l act• (PEA), As mmunity of practKe. th• sp•¢• is op•n to dl st•ff. Green PE holds d"rop-In sessions to d¢scuss Vario MP¢ts of sust&Fn•bilfty nd emironmefitJlisrn. Th¢ ¢ommur•ity li non-judymentol. It's focussed oh •mplifyin8 th• p05itbve irnpKt trf individu•h, whih •lso recogntii Systemic issues •nd iWu¥ty. Sygestions for improvin8 NCVO'S •Trvironfft•nt41 imp•ct r fed bKk ¢0 th• eM•cyt•Y• 1•4m. PI AN% FOR ?024125 This y••r w• ¥ll., . further embed ¢r•¥¥r•rwn•nt•l monagement sptems with th• of KhiwM)g the Green Mark Level 2 ¢•rry out •n org•n•s•tional waste JudiL W• will •lso •n¢our•e staff to do the sam at horrbv ¥1• our Gr•n PEAS stiff community . do • f¢llw• up triyd surv•y fer stsff c¢nfrn¢• suit• dele8atei irwestigate the fasib'l,'ty of r•pl•cin£ existing HVAC with air wur¢• h•t pvrnp system to fvrth+r re&x¢ our foptprint
STRATEGIC PRIORITIES
FOR THE YEARAHEAD
We have four long-term goals to focus our activity.
o•0•
rnNwFrr
Unitin8 people who
wont charities to
thrive.
Fvnt VE
Embedding and
sharing new ways of
working.
Enabling charities
to make a bi8ger
difference.
speaki up with
charKties and
volunteerk
All of the goals are underpinned by our values.
SHAPE THE FUTURE OF THE
INVEST IN THE POWER
VOLUNTEERII4G ECOSYSTF
OF Sk4ALL
Visign fw Vaunteering stf•te8y
The c105Ufe of the Srn•ll Ch•riti
provid•s • futur• dirt¢bon for
Coalition •rnd Foyt)d•tion for Socid
¥olunt¢ft. As it moves into its third
Imywvntnt h•$ imp•¢t¢d m•ny snull
yebr, the is • ¢le•r floed to C(¥dInate
Ch"t1& This ¢oupkd with the covd.19
4crtsss different ¥olunt¢erin£ initiatlV•5
•nd th• ¢ost of liv¥n6 cris•s h•5 l•fi ffl•ry
to ensur• m•ximum collKtry irr•¢L
srnill chafities vulnwable.
Th1"5 SUPPQrts oyr'¢¢nr¢ct' strte&e
Sm•ll ¢hafities are the main 6•n•fici•ri•s
£è•l - bringift8 or84niutions ta8ether.
of our support. Thry want •asy t¢ find,
Thftsu£h Visi4)n for Vdunteeri
e•5Y to dIgt inforrn•t•on whi¢h meets
t're Ilso SLtpportI organisations to
their IMM•dte •nd sp¢¢ifi¢ need
devefop theif volunteering pr•¢tKe •rbd Th•y •lsè th¢ obiltty ¢0 •ietWOfk
amplifyi the voi
CREATE THE BEST ENVIRONMENT FOA VOLUNTAR Y OAGANISATIONS yur vfill continue to be h•rd for ch•ritwL C05t of li¥1 pr$1 ¢4)htirtue 10 5quMi• fin•rK•S nd Increas need ifi e¢mmunitis. Government policies imp4ct th w•y ¢h•ritle5 of all sile5 oper4te and th c<mmunit••s they support. We hw¢ put lois Of fows into the fvtvre of thè voluntèer Wofkfoict. But thv• afe •lso Challee$ wtth the sector s ¢Th• milFion-str¢ng pa•d workfofce. pay, skiFI¥ 8•P3p • lack of dIrsity and a lack of char •rttry p¢ints into th• $4ctor •rn ISS$. ENHANCE OUA Tr.IrNIBt PIIIIP IFI) I,-,IIT DelOpn£ our membof insight is a key pill•r of tyJf sts•tegy. W• h•¥e many diffefent touchpo•nts for c•pturiffjg &t• members. Thw indud• o¥ur wknt•, CV5tomef relationth m•n•8•mefflt ICRM) system, Cr h•lpd•sk and wg•gement work. We ill improve how ¥¥t ¢ollKt, slor• •nd interrogate data, fynd nSIdr how Al could value. Th$ will en•ble us to better undr5tMd our membtfs, ne•& w• bt rtsponsi¥e •nd gentrate rnore incom•. It will •lK ryde r•al time irtftsrrnaiion about th• 3t•¢• of th• voluntary sector to se in ¢Uf poli¢y •ryl W• will support, amp&'fy and conheet ¢4Mp•nI TJ¥ork. m•mb•rs to •ddr•ss short and lon8 S ti a fvrd•m•nt•l p•rt of our, iem) ¢h•llww fKin8 th• 5•Ctor. ewlve, strate81¢ 8t)81- •n•blin8 US to better Cohnrtt ind am Qui members, STRENGTHEN OUR OPG4NIS4TinN41 flAITIIIIE As the membwship for th• voluntsry sector. OLtr extèrft•l cofflnoctions •re diverse and eMteftsi4. Th•y r•ly on our peopl• •nd the felalionships th•y d. We will ¢tInUe to 11hl in Wf p••pI• •nd vvofv• culture. This wll eThsur• - b•tt•r m••t th• n••ds of members • ¢•n 4uthenticalty serve the voluntary •oid in¥t in how w vm sector and dliv•r h%h qu•lity work fly Ouf members. This is •n Imp¢rt•nt part FWOt•¢t us from •ny future ¢h•ll•t)g of our'evoke, str&te&c 89•1. t¢ Qw lJsiness rnodel, espechilly evrtn th firn•nciil Challee5 faci the volvnt•ry s•¢to¥r . build back 4)4Fr c•sh r•s•fVrt folbing the shacks of 2020121. W• r• fiTr•li%in8 • t•¢h •Thd dgit•l •udit which vnll pr¢vth • ro•drnop fof ongoin8 develoynenl of our d%tt41 •rchitecture. We'll use the audit to ¢nh•A¢• +r seryices ind automate proe•ss So staff ¢•n work more efficient. This will yowl• strofie f•und•iitsns f¢r the st4rt of CLtr rv4 Sir•t•gy. h&i(h we will de** 2024125. ENSUAE NCVO IS SUSTAINABLE. EFFICIENT AND EFFECTIVE AHEAO or rbljp NEW STRATEGY It's ess•niial thit w• conlinw to tncrease nd divofsify Our Ifbc¢m•. This Will •llty s to..
RISKSAND UNCERTAINTIES The risk register Is a standing item on the agenda at each trustee board meeting. It is reviewed quarterly by the executive team and the audit and risk committee. Risks are considered in sen k•y l. Strat•Ey, 804YrD•nc• •nd m•n•g•rntnt. 2. Op•r•ii¢NI. 3. Finonc. 4. Enwronm•n¢•l •¥t•rnd. 5. Lwl •nd it•tuly. 6. People. 7. R•pJt•lior All dentified risks are asses OTh h likety they are to o¢¢ur and the potential financ•al and reputationil impa<t. Th-s is used to 8rYe a Eross risk. Mit%•liTr8 controls •r th•n consid•f•d to • n•t rWn•inl ris&. The brd 4pproved • eh•n8 our risk approach in May 2023. W• + sepor•ted ow risk register into two. Th• first p•rt coniid•rs risks hr th• 5•etty. It us•$ • PESTLE •n41ysis ossesses O•Jf fole, aloneside othws. to support the sect¢)r to mitigate tFse risks. The main ri5k5 identified wer•= Ext•iD•l •nd sit•t¢8i¢ ri%k% Ineludt how pl•y our p•rt in Iddren8 climale ¢h•w. bnd horrless t1 oppNtunities of Al hile mitiyt•n8 the riskL The 1Th fin4nci•l risks flatt to Sustaini and growing Income stre•ms •Thd r•byildin8 osjr c•sh ¢•s•rv•s. K•y yv•rnanc, op•rition•l. PPte •rrfl repqttstional risks inclvdt tfftttivè dlTrvtry of ¢)Uf new people and eommuni¢ati¢ns Strate8ies. &eKhes of d•ta protqction, cyber securty or oth•r1•81sl•tion •r• other risks. Th• tfuslees or• sètisfied that all the risks irt the r8ister hayè been adéquately 1ssessed •Thd that •ppropriate stps •r• tsken to mitig4t• ri%k. Th• tr¥4stffs have ufefully considered th¢ ¢on¢in4•¢d Impact of the cost of ltyine Crisis on NCV(Ys finèncial projections. They haye Considefed the existing and projected level of reserves, the v•lv• ¢f the fr•ehold building •nd ¢h• KtlOfi1 taken Ind pl4nn•d by tho •x¢¢uti t••m. Th• trust••s ¢onsid•r thai NCVO has adequ4ie réstsurees to e¢ntinue to operate for the foreseeable future. the <ontirwJ•d imp•ct of in¢r••sin8 dwn•nd. risine cwls •nd f•llin8 furding logether wrEh ch•lltrtges in the Commiuioning environmertt * ensur1 the sector rs r?pres•ntstrw• diwtal ski115 and expwti5e . •chi•¥in8 n•¢ ?¢ro. T s•¢ord risk f¢8lSt•r corksid•rs th• risks t¢ NCVO Js Jn or8anisation ond how we mit%•te these. rpiJETFF 8OAFID HEH8ERS Th m•rnbrs rf ihe trustee b¢)ard, who •rt ¥lso dire¢t¢vs under ihe terms of the comp A¢t 2006, are set out on page5 4 Jnd 5. The membprs of ihv truslee board hwe no b•fthi•l l•r•s1 in the group or ch•rity.
LT. VI OF 1.4EM8ERS b• •ble to disclose the fift•nci•l poiition NCVO. the charitable ¢omp•ny, 1% of ohe group and the parent ¢h•rity limiiod by £u•rantèe and h•$ no th•r¢ with rasoTh•ble a¢curxy. ThLS ensur e•pit•l. Ctaus• 31 of the mernorandurn •f fiA•n¢i•l st•t•ments ¢xnply with the s¢ei•tion prov1d tht rrf•ry rnernber. r4uIreMls Of th• CM1pS Act as defirbed by Clèuw l of th• •rticles of •ssocwt•on, is liable to ¢¢)fitribute • sum Th• trustees •re rpOnsible F•r not exceedin8 11 in the of th• s•feg¢j•rdl the assets of the 8r¢up eornyny bel w¢und up wh•le th¢y •r• Ind yr•nt chjnty. TW must oly> mémb•r ¢r within one yeu of c••sin8 tske re•son4bl• ¥t•ps to prevent and to be * mpmbw. detttt fraud •nd othvr rr•8ul•rities. Th• trustees are fesptsnsiblt fw rnJint4ining th• cwporate and fiMn¢i•l ifiform4ti¢n •n¢lud•d on th• charity's websrté. UK le81•t10n 8ov•rnin8 the prewrati¢>n èrrfl dsstrnirtalion gf th• firb•nrMI st•tements arbd other infofm•tioTh in¢ludd In ropDrts m•y differ frgm 8•tIOn in other jUfisdi¢tions. 2006. At year end there were16,872 members. STATEMENT OF TRUSTEE BOARD'S RESPONSIBILITIES AUDITORS trust•èS Ire ftspDnsibl• for preyriftg the tntee$ annu41 r•port •nd the fin•n¢ial Statements. This is in •¢¢ord•n¢• with applicab •rbd UK accounti st•nd•rds (UK GÈneralFy Accepted A¢countw Prxtice), ln preyring thos• finJn¢thl stat¢m•nts th tnJstWS aft r•guired to: • séle¢t suiiobl• K¢¢Unt8 poliV and then •ppFy them eonysl•ntty • obswv• the methods and principF•3 in the Ch•ritW5' SORP . make judgements •rtd e%tim•te5 that re reasonable pNdéfit . sl•t• whether appliubte ac¢ountin4 st•nd•rds hw• be•tr) foll¢wed. Jubj¢¢t to •ry mat¢n•l dep•rture5 disclosed ard •xpl•in•d the financi statements So f•r 4$ ¢h• trustees are awarè, the comp•ny'5 •uditOfS •• •w•r of am fdevant information. E•rh trust•e has tk all •ppropri•te steps lo m•k• th•ms•fv5 •w•re of any le¥At •udit ¢nforni•tion and to make swe thfr mpIn1$ •udiiors •re •w¥e of tknt inform•tio Afproved by the trustee board •r siÉn•d ¢n th••r b•hdf. ' pr•pv• tlhi financial statèments ¢)n th• 8tyn8"concorn b•sis unlèss It is Impprfoprute to pr•sum that the charity will etsntin•J¢ in busin*is. The trustees are responsible for k••pne •d•gU•i• •QUtIng record& Th¢ r¢¢•rds rnv5t b• 4ble to show •nd expl•in the eFwity'S ir•ns•ctionk Thry mvsi also DR PRIYA SINGH CHAIR 26 S•pt•mb•i 2024
INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OF NATIONALCOUNCIL FORVOLUNTARY ORGANISATIONS OPINION hwe b•en pr•p•r•d in •ccfxdKKe With thé f•quirements of the C¢mp•rniei kt 2006. We havt •udited the fi¢1•1 st•tm•nts of N•tit)n•l CouF¥r41 for V¢lvnt•ry Or8on15Otions (th• 'p•¢n¢ ¢h•rit•ble comp4ry? •rd lis subsidi•ry Iih¢'8roup? 8ASIS FOR OPINIC)N r y¢•r ended 31 M•r¢h 2024 which ¢•mpfi¥e the eofisold•ied Si4tèment W ¢ondu¢led our •u&'t in •¢ewd•n¢e of Financbal Activitie5, the con59lid•ted with Intwnational Standards on Alting and pa¢ent {rItable cornyry B•l•rK¢ (UK) (ISAS (UK)) •rbd •pplic4bl• Sheets, the consohd4t•d C4th Fl•w law. Our fesporwbilili•s und•r thos• St•t•m•nt •nd fK+l•s to fin•nci•l st•Trd•rds •r further describd in thè st•l•m¢nts, Including siythunt Auditor's r•sponsi&"l•tsei for the audit of •¢counting policies. th• fin•n¢i•l SU¢em•fits section of ou The fin•rKi•l reporti fvJm•w¢rk th•1 report. h15 b•en appl in th••r y•p•r•tio¢i We af• ind•pend•nt of th• 8ro Ind 15 •pplic4bl•14w thd Uhit•d Kin8dom rent ¢hritabl• company in x¢ordaThc• A¢¢ounlirtg St40d4rds, 1ft¢ludi FRS wrth th¢ ¢thiul reguiremènts that 102 The Financial Rewing Standard r•l•¥Jnt to our •udit of the fin¢la1 •pplicable in the UK and RepublK of st•tern•¢its in the UK, includiTrg th• Ireland (unit KiTr8dom Generilly FRC'S Eihical StarAard, and %¥e hw• Accepted AccountiTrE PrKtic•). fv1fiId Ouf ¢ther ethrc•l r•sponb•litwi in wtth thK• r•qu•rem¢fits. In our opn•on, th• fin•rt¢i•l siatements: W• b•11• i¢ the Jud•t e¥bden¢e ive • Iru• Ind fair vievl of the w• h•ve obtained Is sufficient ind state cf the group's and the parent charitable company's affair5 •5 •1 ppiopriate te PffOV4de a ba515 for our 31 March 2024, Ind of the group's Incoming sourC •nd •pplic•ii•ft Of rtsour¢•s, in¢ludirtg its iiieome •fftd •xprbditure, for year eThdod: . h•Ye been swoperty yepwod". •ttord•nce with United Kingdom Gener•lty kcept•d k¢ovntin PrKtic•' •nd CONCLUSIONS RELATING TO GOING CONCER14 In wditing tho financil st•t•m•nts, Wrt have corKluded that the tnJ5te•s ¢f the ¢anc•rn basis of •ccourtti In thv preyr•tion of fin¢1 5tst•m•nts is 4pproy7•1¢.
Based on th• wffjrk Iww• performed.
we have noi drttifid •ny m•t•ri•l
uncertasntiés fd•ti to vtnt>
or ¢¢nditi¢)rn thoL irbdtyidually •r
Infomatiort expl•nations we f•gLMr• for our ad•t. of assur•nce is not a eu•r•nt th•t In audit cOndtea in K¢ord•rK• Tffith I$ (UK) will •lwrf•y7 drt¢¢i • RESPONSIBIUTIES OF m•i•ri•l miMt•t•m••i¢ hn Jt ex•sts. TRUSTEES Missiitemrts can •rise fforn fraiKb Or error and Ire Considered rnateri•l As explai1d fflore fully in the Statement rf. indiwdually w in the •£greg•te, of the Trust¢¢ Board's Rwr)nsibilit¥es, they could reason•bty be e¥pKted t¢ the trv5tee5 (vtho •re alw t influence the economic d•cis•on% of diroctor5 of th¢ ch•nt•blo comp•ry s•rs t•k•n on th• b•ws of thme fift•1•1 for th• puTros•s of comp•ry l•w) ir• st•t•mMts. r•sptshsibl• f4)r the V•P•f•tiofi ¢f the itsup and p)reAt ¢h•fltbblt ¢ory•ry fin•ncial statement5 Ind for being satisfied that they we a tnje and foir Ni•w, •Thd hr wch intem•l control •$ iwstvs d•t•rmin• is nc•ss•ry ¢0 ¢rnable the prep8riti)n tsf firnafieial st•tements that are free fr4>m miteti misstaterner+L whether due to fr•ud or error. lffyla¢rties. 1K1vd fr•ud. •re instances of non-compli•n¢• with I•ws nd re8ul•tions. We d•%n prg¢•dur•i in line V•Tth our r•spon%ibilrtis. •uthr bov•. to dtlect miteriil missuttmmts IN respect of iffttjknfities, ificlld fraud. The extent to which our procedures are capable of detecting irrgularities, Includi fraud 15 det•¢l•d below: W• obtjind •n undrst•ndine of the group ond pvent ch•ntable c¢)mp4ny and the sector in which they opw•t• to identify lavrt and r•8ul•ti¢)ns th•1 ¢¢uld r••son•bly ry•ci•d to h•v• 4 direct tfftet ofi the fift•neiil st•t¢m¢fits. We obtained our vndefSt•ndine in ths regord thfo%h discussions with managemenl. tor res•èrch •nd •ppli¢•tion of C4Jmui•t4v• •vdrt &nowl•• and •%p•rifn¢¢. Wt determined the princiyl Ibws •nd ryulatiorbs relevant to the group •nd parent charitable comp•ny in this reg•fd to be those arisi frorn the ComP•nI A¢1 2006, Ch•ril Aci 2011. FiMn¢i•l R¢porti St•nd•rd102, the Charites SORP nd relewani efflplwé legislalitsn. We designed Ouf audit proc•dvr•s to enwre the audit te•m ¢onsd•f•d vthethr th•r• w•r• •ny irth•tiMi of non-cofflpli•nc by th• group •nd yt•nt ¢h•rit•blt eYApatiy th th•w li•n •nd rte¢Jlati¢n& Thest pr¢¢¢dufes included, were rt limited to enquir of management, feywy of minutes •rbd review of In prep•rin£ the 8¢oup •rd p•rvrtt ¢h•rit4bl• comp•ny fin•ncb•l st4twr••fit% the trustees are fesponsible for 4ssessi the 8roup and Tent charitabl• coMTry.5 abl'lity to continue as • going c0Thrn. d•Klosing •5 •pplic4bl•. m•ttef% rel•tod io eoin£ ¢onc¢¢n nd th¢ goine ¢gn¢em bbsii of •¢¢•untin8 unless the trustees eitlber iThtèrbd to liqUate the group or the parent Cltble company or to c•aw oyr•t•ons, or hw• r••li%ti It•rn•tiv• to do $0. AUDITOR'S RESPON5181LITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS W• b••n •ppnted •uditOf wder the Companies A¢i 2006 lod report irb •¢cordan£e with this Act and relevafit 1¥ulatn5 made Of havi effect thereurth. Our ¢ty"•¢try•s •f• to obt41n r••son•bl• •mr¢• •b•ut wh•th+r thtr finarb¢4•1 st•tem•nts as o whole are free from m•i¢ri•l misst•t¢m¢nt, whether due to fr•ud or effof, Jnd to issue affl •uditorfs report that includes our opbnion. RethI assuranc• is • h%h l•v•l
and rylatory corr•spond•nc•, leadi to • matenal mNsiatmnt We also identified th• risks of In the finoncial statements or rbon- m•Qeri•l misstatémènt of the omplionce wrth re8ulatJon. This risk fin•rbci•I sttemnts dLse to fr4ud. incr•a%•s ihe More that eomplianee with W• e4>nsd•r•d, In dItiOn to th• l•• or rn8ul•tion is removd from the e¥ents rWi.rekntUb pr•sump¢ion of a risk Jnd trartsktigns r•fl•ctd in the finCilI of frawl arising ff¢rn m•nae•m•nt ststements, as vle will be Itss likely to become e of contrtsls. th•t th¢r w•$ i•Yare of instsn¢es OF Thort-¢offlpli•n¢•. T potentbil for mthnwent in risk is •lso 8(ter rè88rd1 irré8ul•riti¢s the tim4ng of rKogrnition of incom oc¢urrinE dye to fr•ud r•ther than errof, We addrd t.5 through fr•ud irwolvn Intention•1 corK•olfflent, of all moittibl in¢ornin8 resourc•s . forgery. collusion. ¢mission or to ensur corrttt tre•tm•fflt yryl•r misreyes•ntstbon. th• Charitiés SORP. ihcltsdi'n A further description o¢ouf responiibilili•% nsider•tion of the accountin8 fof the audit of thè finan¢i•l statemtnts is perd in which irKome should be I¢x•¢ed on tht Fin•n¢i•l Reporti Councifs r¢cognin website at: www.fr¢.o¢ We also identified p)tenti•l fot uditorsre5po.nsibilities. This ¢J•scrip¢ion m•noyment bias in iht 4lltx•tion form5 Pwt of auditor's report. of 5vppor¢ costs aE•inst ¢harit•ble •etiwty ¢•1•gor. We •ddre5sed this rwiry th• method used for reasonabl•n•ss, •rd r•- p•rhmir£ the calculaiion tts efisur• it h•d b••n Pormed a¢¢vrately In line with th st•i•d method. We alw iderttifi¢d potentiil for m•nement 65 in the dtpf•ci•ti r•to •Ppld to tangible fixed assets. and wt •ddr•55ed this by considtri the •¢orwnic frf• •ppli•d fi the typès of asset held, •nd r- porf0mli the cakulabon to ¢nwr• it h•d b••n performed occur•tety in lih• with ih• stated ffkethod. As irb all of •ur •udits. w• ar¢S$•d the risk of fraud afls1 ftoffl rn•n•gment ovefrKle of c¢ntrols by p•rfgmiin8 •udit procedure5 which lndvdod, but were not limited io.. thv twtine of journals: revirt•n8 at¢oufitin8 •slimat•s for e¥idence of bi•s; •hd tr4kn•ting lh• bu%in•ss r•ti¢n4Se of 4nknnt tr•nu¢¢ion5 that •ro unusual or •utsid the norn)•l course of businM. 8•cw5e of the inherent lmit4i•ofis of •n •udit, theTr ts a risk tt we will nol d•l•ct •ll inckKliry th USE OFOUR REPORT This report is made wlely to th• ¢h•rit•b comyny's rneml>en. •$ • body, in Kco¢d•n¢• wilh Chapter 3 of P•rt 16 of the C¢mparbbQS t 2006. Our lydit work h•s been undertaken io tkfri w• mighi st•t• to t chfitable company's mefflb•rs thow m•tt•rs w• •re r•quired to ststt to thern in •n 4uditor's r•port Ind for other pury. To the fullest ¢MIMt pwmittod by law, we do not •eetpt or •sJum• ¢•sponsJb•ltty t• nyw, othef than the chafitablt eomp•ny Trd the ch•ritable comyny's memr$ •$ • body. for our avdit worK for report, or f¢r th• opiThons w• frN4¥• hrm STAIR DUKE SENIOR STATUTORY AUDITOR For on behalf of PKF Littlèjohn LLP Statutory Auditor 15 Westfry Cirajs C4n•ry Wh London E14 4HD 024
STATEMENT OF FINANCIAL ACTIVITIES FOR THE GROUP (INCI l.i[IIN( Tr INC-I INII 4NI) IXPI.NDITIJRL ALLOUNI) FOR THE YEAR ENDED J1 MARCH 1024 Il••tri¢¥ T•td luhd¥ 2024 E'OOO T•tsl 202J EDI)0 ('Gl)Q 4.893 4,893 1,028 Ch•ritsbl• Kty4itV45: Mtmbvship SeN¢s •nd PIrtrshiPs Str•tegK commurhicatlS arKI insight 1,594 1,594 1354 1.798 17 2.364 2,061 20 17 38 520 SS8 Other triithng activities Ihv•rtrn•nt 2,732 117 2,732 2.225 Tot•1 inc•m• 11,189 1,086 12375 j 7.133 Raising funds ChafTrt•ble expenditure: S•rvi¢•s •nd p•rtrnhips Stffaty cornmunicatK•r¢s and Insi ght M•mb•rsFMp InfluTh¢i and 8gernet Other. dbgital •nd EDI T¢tsl nynditur• Net tn¢ome before in¥estmtTht gain l (Ioss) Net g•tn l (loss) ¢n inv•stmwl N•t ir•com• 1,610 1,610 1.048 2,723 991 310 3,033 2,947 875 408 1.389 63 536 1,925 63 1.510 92 7217 3,972 8,063 4,212 6,880 253 240 11 177 (841 169 4,149 240 4.389 Oth•f r•e¥nib•d losws A¢iu•ri•l loss on d•fmd bwwfit (1.390) (1,390) (824) N•t m•v•nwht in fvndi 2,759 5,823 8,S82 240 2,999 6,082 9.081 (65S) Tot41 funds •1 l Apnl 2023 Tot•1 fi#)ds •131 M•r¢h 2024 259 6,737 6,082 17 499 $w•ffi1 offinwid O¢W•wISOFA) l•wi ifv th• y. •al¥it V• t1•P•
GROUP AND CHARITY BALANCE SHEET AS AT 31 MARCH 2024. COMPANY NUMBER. 198344. NCVCY 20 roo NCVO 2023 rooo 202 roo 202 f'oo 4.601 12 4.732 4.601 12 4.732 IntIble fixed islets h¥trTant% 10 11 3.171 3,000 3.1ll 3.000 7J84 7.732 7.784 7132 D•btors 12 5,507 1,503 7.010 C2,718) 1,129 1,590 2,719 12,4291 6,184 732 1,339 1,270 C4sh at èThd ift haf 6,916 (2,624) Cr•ditgrs: •mount% f•llin¢ due nthin Of year 13 (2.319) 4.292 12,076 290 4?92 12,076 ' T•t•l •si•ts l•H Gurr•Tht l••bilit• 8.022 8.022 Creditors: amounts falli éue •fter year N•t os•ts •I¢l•D6 p•ni•on 14 (1,164) (1,313) 0.164) U,313) 10,912 709 10,912 6J09 D¥fined ben•fit pensw)n h•ffj• li•&l•ty (1,831) (627) 11,831) (627) 9,081 6.082 9,081 082 Rffiiri¢t•d f¥n& 499 259 499 259 Unr•slrid•d fvn Pension fwr (1.831) 5.761 4.652 C62n 3,397 3.053 6.082 (1,831) 5,761 4,652 9,081 (627) 3,397 3.053 6,082 (655) D•s"pgnated funds Ge11 fvTrds Totsl funds 16 9,081 NCVO n•t mo4Ym•nt for the yNr The xccMJrhtiThe polies rbotes on pages 65 - 89 f¢•rni p•rt of these fitk•n¢iol ststements. proNYd and authori5ed issue by the trus botrd and signed on their beh•lF. P•Jl 8fe¢kdl Honorary Troasurw 26 S•ptemb•r 2024 &n8h Chw'r 26 S•pt•mb•r 2024
STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 51 MARCH 2024 2024 I'ooo 2024 I'ooo C•th l•ws fv•m •pw•tiD4•di¥rti N•t ¢Mh pmd•d by•p•¢•tM)i •eti¥iti Cash Il¢ws from Mw•stiry •ctiwryEi Lkn"d•nds •rd iniwmt 18 239 256 98 purcha of fixed a55•t5 (322) 1,092 11.231) (363) Proce•ds from s•h of inv•stm•nts 583, Pwchase of ir•vestments (575) N•t ¢•sh vmd by inv•stifii •cti¥iti•s (65) RpayYnent of loan (captal ar•d ifitefest) N•t r•th us•d by fift•nEI •¢tiviti Ch&fi in ¢ash and cèsh èqUbv4ltnts In the ywr C•5h •nd ¢h equ¥v•ler¥ts at the beginning of the ye•r C•sh and cash ¢guw•lnt$ 4t the erd of th• yt•r An•18 •nd ¢•th •guiv•l•hts C•sh •t b•nk arKI in h•nd (259) (259) (231) 1231) (85) 1338) 1,709 1.624 2,047 1,709 1.503 1590 C•sh hekl tn Investment po¢tfo%o T•t•l ¢•th •fid ¢•th 18uiv•l•nts 1,624 1.709 Th• acuunting policies Ind rbOt*s on pa8es 65 . 89 f4vm yrt of thtte financi•l statunents.
NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
I. ACCOVNTING POUCIES lis •f ndiEw4 prvrtrtin8 r•• w¢h expendrtwe dirtetly r¢ted to the NO/0, Regent3 Vtharf, 8 Al hf¢ tw, olycts of the charty. S•mts St, Lty)d¢n Nl 9RL Income Frrn donat)ns ad The finw¢ial statem¢nts h Is cre&ted tc SOFA been w¥ed undtrr thè histor4 th•r• is •vid•n¢• Of •ntrtlwTrt 1)5t eon4niiofy 4$ t?dified r•uyt is ygbabl• •nd its •rfnI the revaluation of fiyed a55et C4rt b• m••sur•d rW, unlw it Investments in accord r•l•i> ipttth¢ futu period. ith FIrnCilI Repwtr'ne Standwd ift Cthve it isdèfvred. 102 (FRS102) •Pf4i¢•U• tl Whern entid¢rntnt to ryits unit Kirb£dom •nd Repjblie r•¢•FY•Ld• is d•p•rdMt yn f Ireland. Ihe Chw¥ties Statement fknt d¢onditws tF Of Rtc¢)rnn)ofided Practice and the chm¢q3 C¢, th irK¢>r+i ComwArt 2006. fin•rKiil st•t•m•nts thtre ts suffietht e+idén¢e th•t •Tr4 a proport to th• r•d on • 8oin8"ccffjcem b•si& CorKkK will bt rn•L Wkn tFwrn ¢h•ritsbl• xtMEi•5 proj•¢ts HIn£(r•Ful consderod the 15 urKffts•nty •5 to th•tFr i iknt NCVO undertakes. PPt Contin Impxt of tle cost of dmrity c•n MMI w¢h ¢on¢StWb4 ¢wts alocated on the basis of Crnis ryb NCVO'S firtur• th• ir<¢ffiry r•wurc• is eI•d. fin•n¢i41 pryèctions alw'de IThrne from sales is Incknded In . Grant Costs of grant the t11 P1 rf the SOFAin tk ye•f ini th mDkn'nE •r• Inckdgd thin r•MThYs, ¥alu¢ of the frethdd goo& or 54rvice is yjpprd. ¢h•rit•blt eypen&twe in 'l&ng•nd th •¢tth5 tsken M•mb•Yshp is rewnid Tr•r they are yyable. Casts pl•rwd by th èxecutb% tèam, the in t•thich li rdate ude £raTrts Mode SUPF tntstees cortsidor that NCVO has ade9Uate rp5wrce5 to continw to 6) Exp•n& Costs aSKlIt with the Jctmty. opernt• fw tl fw•%•••bh futur•, Expty)ditwe •% •CcOtea for on 1ti.yeai gra•)t commitménts which IS to b• an •ccruth basis ha5 been 12 monthk clasyfiod ur•def he•kng5 that In Prepu1 the sep4rate Fnancial ¢h•rity's xti¥Tt5 4fid fure fi•n&i8 Is prthKled ard diret)ft 15 retaTrned ststwnents of the p•rf th•rty, 4grty•t•s •4 r•l•t¢d to th•t thwty to torminate the tmty. Costs are ilhuted acr Vlhere rnulti. f0llcth1 (SKl¢)svr• •xryli¢)n5 tMti¢% •nd wittts based on oynMrtTnt5 et, onty •vwl•61• m FRS102.. rto fiow abtyrt tk obioctr been ytsthied fty thè p¥ent rwj related tyJt¢wnes of the •ynthtur• r¥l•tiw to th• current wr's k•btlity b• cknrty, &selosLfft In rwt Ktmties and yoiertk Expenditur• oFthe Pant charTty's fwwicid wFKh ther• wrKo¥•r•blv VAT imtwments hm bp 15 thown ith'n eKh f•1¢ $1 Pres1 as e9lent &'5do5ww afVAT. are wilh ctytstitulioThl St•tU¢ wwern•nu •ny Costs 4$11t¢d ith the 5traty m)wernert of the charity's aCtItie to the ofthirrtl• •XpnditU 6•sis 06 st•ff . s<•$1. G>5ts to Othtr e¢sts dirtttly rFate io • •ctphty or WPF4Xt costs t are allocated M the bay5 of the group K • xhdt. Corts of r•i%irfurth In¢1$ stsff tin, st•ff nwnbeTh or •re4 •) Inwh• •xp•Aditure in rkntitirb t¢ suff reltranL L•gxws r¢ogrs¢d whéfi th¢ memben who we &ectly W c) dwrty N •d¥ty¢d by iht pery4rbDI Confww steaa the r•knt•d The cTrtY miint4in5 th• foknir ryeseNtstps th•t P•ytrfit be rnmle or rrtcferty trarferred ¢osts. •Thl not tThv(4ed c•Th be quanttfied unless there are sp•ufi¢ ck)rrtèWeXpdrtU1e Restr¥cted fvnds fyestilt
v•hKh the donor ytritd•d f¢r ch•rged to the SOFA the •rat•ly from th• chrity iTran t•m ofthe Sw. •F4fiknt fvrd admirwstered by AvNa. The pmyon ¢01 ¢Fwrg• Thest rtyseni fvrbd5 that are expend0 ai th dis¢rttI the tntstees in the fwth¢r•K• the oEtr•*5 of the chmity.
t rtter¥ed it th• bil•ro th••t h fwds m•y be t)rder to date from Krders and p•rtr fin•nc• 6oih captal and Pfepayrwits rdect eosls paid at irv¥Strn•rrt. b•l•rKe theet d•ts that rdate ' Defird berfit scFme: ivrv •rKI •r• valued NCVO s dfir benefit schun• at the 4VYth)t o•t of •ry •$ ¢1g%•d to firtur alkx4td by the trustffs fw
)n T1bIl fth•d •ss•ts ¥• ststed tmènts wrth a maturity d•te ottFwe• months frnm tho d•t• ttr f•r v•lw OF thè pknn Ksèts at •t c1 less dprffi•tit)n, vkmch 15 F¥ded In ¢qud inst•lm•nts Thor of wutytioh ¢r¢P•06 th• the rèmi d•te b cakulated by •rt ihdeperknt. est¥rted •ful IN•% of th• depoy't or smilar accounl wF¢h Ktuary in xcordj a5SQts. No deyéei•tbon is th•ryd milure With three monthi af an fr•ehok4 land. We estimate that b•l•rKe sheet dats. O Cr•dit Actuwial £ains and ID%s•5 Wiyrya 55% af th¢ onon•l purchase prxe from ewent• and rdjted to th¢18nd 45% to the Cr•&ior% •re rttowsed there cknees in actu•rial •ssumpbb)nS IxA4ing5. The r•tss of d•y•u•tsM the ¢h•rrty h•$ • V•SWbt oblyt)n r• ¢h•yd Of ¢rn&ited to lod to other auets arv. rsultine From • pl e¥wl th•t SOFA >wr. Fr•ddd lId•re 50yws I yob•bly result m the trnsf¢r The costs of th d•fwwd CRM sPrn 5 y•• of fd$ to a third party t benefii plan are induded •mrrtmt dw to 5ertle th• oblytion •mpW costs allocated Othor coinprter ewiynt3 b• m••5ur•d or estim•t•J reliobty. Credi$ •f• nornidly •CfO$3 th• •wnthture K••di Fixtw•s and fitbngslo >ws rec%nised at th'r iettltrnent on thè SOFA Thrt• comFW th• Flant arbd equiryt 20 >wrs •lInt •fter•Htrrtw for nf#1 xprtses of s¢h•nw • the finwKe cog1& Intan1• fixed •ssets We ststed It eose kss •rwrbs•twry vAKh 15 ed In inst•lnwnls owr D Skn.t•tm b•i•fits the estimated usaul lif of hkn• b¢fn prepwed ID respect Short.tern) borfits sets. The rate ofJmoniutkn OFNCVO •rd it5 di01 5wr hplid•y p•y •r rOg1w5ed as sUbdIary NCVO Tr•diThd Lnited. in th• ponod in +Nch the results oFthe subsbth'•ry h •) InwgQmw ¢¢>t•d InStment$t vakd •t ) ptysty•tTh b•Tr•fits basik Tr•n5Xb.s and balances d yi¢• Ind st•t•d at m¥ket The chty¢p•r•tw PW¢sion bTtvrn•n the charitsble compary It batsnce sh•rt d•to. Any scherne& •rd bts w6sidK•ry hJve boen or Ttn is to ekrwt•d ff¢Mn th• Cons0•t•d . Defird C{¥rI1 scherw. finar£ial st•twnents. In St•lTare cwrently opted Into with ction 408 of the Dbt¢)rs arn rffowsed •t the $rftlt 4mpunt dw. kcfuod p•y•ble wdEr the by th• drty to the fiJThl. The chority h•$ I11 under the xheme other than for lh¢ of ith FRS102. thp SOFA Cxoss f¢nL•h pthd •r• rK¢yiised as rentsl esper. R•ntsh •dmintsster•d by A ' assets In thA •r• hd SOFA fw the drity not bee
2 DONATIONS AND LEGACIES rooo [knatn$ chtieSJd Found•t 4,866 4.866 21 741 f4.fts 86 Clowr• of iTu%ts •dminiLtw•d by NO/0 OthN db)n•t$ ind f•o14ffiury in¢•m• Tot•1 187 14 893 409J 1,028 5 CHARITABLE AcnvmES ¢h•riknbW I . y•nts• T•tsl E'QQO 2024 I'ooo. M•rnlxrnl¥p wb$¢riPtns S•r%ivs •rd p•rtnerthps Strat•&¢ <¢mmww¢•t#>M iod Inllu•n¢in8 md •nyym•nt T•tsl 1.594 .739 1,594 59 566 17 520 558 1,086 433 Ii•nL• •nd 2023 rooo I'ooo rooo Membw5hip subKrytions 1354 Iy9 1,3S4 2.061 20 140 372 &rat•eic cgrTrmwiiutipns •nd Insh1 33 310 682 L 3J81 1936 163
S CHARITABLE ACTIVITIES (CONTINUED) - GRANT AND PROJECT INCOME T•tsl fim& 2014. 20 E'ooo É'ooo rfi•ld w•{> Pean Fwndti I Zwich ITrInc• - Pko•nq Softw•r• - w•bsit• 15 40 40 19 otr unr•strKted •fveom• uhdr E15,000 25 39 163 B•tty ftkns•rw - pr•¢t1 wpport Helpdesk Dyrtmt fw Cultw, M•& and Sport . Vrtion for Vdunt••nn8 Nèiiohd L)ttery Com1Mlty Fund - RC En¢wvJ Wbd• IPoww gf kndl) Th P•opl• % Po%l¢gd• Lott•ry" •L4 D•wtm•fit Fof cult, Mo& Ind Sport - 4 Help D•pwtrnefit for Gdtwe. Me&4 •nd Sport . rim• WeR Spnt Cty Brh48 Tiust - Smill Ch•riti 250 370 15S 200 51 95 33 25 N4bonal Lott•ry C4hYThmity Fuhd - ArdS f4X AI Sport - Va•ri voljnI1l Cl¥Th•t• Col•b¢f•tw- Fu•lkn8 POSItN• ¢hbni• c•mp¥ Shil• McKrtkni• FtyJndatim- •nd in¢yty Sffl Ch•ritiN Coditwi - Smdl eh•17ti•s 20 20 13 LW$ Bk knnd•tLkVb- policy G•tFld W•ston- &pportJy sm•ll ch•rit Tudor Trt - PPOrt smoll £h•rit• 4yim Trust . &Jpportity yhMII fhrit*g Nat1 Lattery CdfflffluNty Furyl- supp11 th•titi¢s fvtyJeh th co%¢ of livi rrni5 C•ntr• for 8•tt•r - A8•.fri•ndly •nd inclugY• Yoluniowirl Oth•f 20 15 10 30 i T•tsl rwtri¢t•d 1,086 1,168 845
4 OTHER TRADING ACTIVITIES (ALL UNRESTRICTED)
2023
£'ooo
Conferenee mIe hir•
1,$80
1.101
762
i
6 EXPE14DITURE (CONTINUED) rDOQ 18 1.048 2.947 103 15 875 15 408 l.S10 92 92 112 IJ06 4•10 Thher eyns•%' YKlwJe 1lmillK)n12023.. EO.7milw), •9uiwDent I IT É02rrnllion (2023: EO.3mil1ry) •nd ¢ffi¢• ¢vsts £O.lfflikn (2023: EO.lftll•tsnl. C4fflfvswYgYdud•sf••5 pawj to 455ociths •rtl fredarKer 2024 1023 i E'OOO j L rooo 329 316 nmathtib)h $ts 21 Td•plion• prvrtin& ppst•g• •nd station•ry E¢wipm•nt •Thd It ¢osls 63 58 212 174 226 189 T•tsl 853
EXPENDITURE (CONTINUED) GRANTS ANO PARTNERSHIP PAYMENTS Cxants p•rtnwsl¥p plYffV m•d• to tF &rytheyw. T•tsl kR44 204, É'oo £'ooo P•w•i •1 Smill Trust NAVCA Fwid•t40n fv lffymm•nt 20 20 V•SJnt••rt' W••k Volvnl¢r (Ytydyt S¢othnd Assrfiation af Voknt•+r M•n•e• MuJim Choriti•5 Fertum 14 15 N•tion•l AsKKbation of Vokntknry Commufity ktion (NAVCA) 12 46 VoluTht•riwd M•tt•ro 23 32 92 T•tsl rinQA knd partn•nhip f•tt pé 7 EMPLOYEES 2024 f'OOCK'. 2023 E'OOQ Wa8H •nd s•l•Tb s•¢urity 3,991 3.520 379 387 337 R•dund•n¢y •r•d tfmi•lKm $t R•cnJitm•nt 5S 17 Other rtkndint ¢empof4ry stiff staff tr•iM¥ T•t•l 387 23S 5386 4,561
Th• mr•y of •mplty¢es IFTES) durin8 th• yur WM," 2024. G•n•ratI hmds SrYités rd partr1P$ Striteeic ¢QfflnWlC•Nns 4r•d 1ftht M•wnb•wFknp 13 12 30 32 10 io 20 18 Total 78 The nurY&r oferyloytts b•n•fitS over 160.000 durin8 the wr (wb&4•mpW ¢Mtriiwtions inc11•di redund¥y, t¢rffutiM •rd payynents in I of notKe) 1024 20]3 I60,001-0,000 £70.001-£80,000 É80.001-E90.000 £90,001-EIOO.000 Ci¢10,001-1110.000 £110,001.1120.tX)O E120,001-£130.000 NI ofthe •boVeff ¥¢ fbxmb•ry of1 d•fiMd Contri pns)n s¢hthy (2023: fwr). ¢Wrent pay(0nUtlc into th• d•fin•d bqnat SCÈ•. Pffoior c¢sts fty thest ¢ffiF4 n E 51,640 (2023., £28.670). OFthe emplo)••S included •bove in b•n& £60,000 in 2023124. on• (2022123." Th)ne) 15 incl4N4ed due to termItIon etst1. ¢Jr•ll, tFr weo ftyJr terrr¥nation p•ynMnts Wt•llMig E54.566 (2022123: 116.437 to one pww). W• h•M c'dith our f¢r tvuA••s s•ttKypy for senior sff IN ¢h¥ili¢& In •d&t to the wa•tcry ryIrvTnt to the nLKnbef ofemplws in p•y b•nd$ 160.000 to t total ernthetr bn•fit3 by kry went ptrn4)nhd, ** akn pubfish th• na5, rdes rernUneratn of •x•¢utiw• t•¥Tr, ith an eX4n•t100 of we t ulllriK for these roles •nd otl NCVO staff. det41 w YdJ4•d in th•tru%t••5' repwL paK4 to th• •x•cutfy* duri 2023124 w4rr.
2013Q4 202W23 S•rth Yib•rt 122.308 9d7 129255 126.816 Chirf•yr•i 1fr¢4n l Jw 2 103.530 9.336 112066 85,107 22) Ckn¢i•r offin•rf•Md (to 31 M 1%548 2022) Intervn 17.937 1,525 ,462 Ind i• 6 Mty 2024) FaTh•w D#ect•r of InAu•r4C 67.098 %845 n,943 70,gJ4 (frlyn l Jun 2021 On ubbrtitil Frtsm It028Y 2024) Ahx F•fftw He•d of netsorks •nd flu•nciry(w 31 M•y 2022) 58S 22267 d ¢dtw• (frorn I Od•b•r 2022 10 31 2023) Tv¥y K••rnkni 8,963 (lo 30 W 2022) r•ctor d sty•ty 798 4A56 83M4 34543 4nd wiht (frgrn 31 (ktobpr 2022) pl knt•nrn Iwd of str4tr8ic (t• 20 O(tslxr 2022) (0.9 33,189 hhi•rirn Iwd a(Frylp d cukn (10 30 S•N•Trbw 2022) Ht•d of th¢ii•1. (to 27 2022) 3%570 .763 ofp•W•. It¥t• 4nd rn 30 Jjry 2023) 81387 4.645 86A32 16,041 79N32 7.092 86.524 68.073 kn• 2Q22) H••J ofwFP)rt wd cw (to 31 M•y 2022J 11031 17,937 1735 19.672 •nd wrth (Iwm I J•N•ry ts 6 2024)
8 NETINCOME FOA ThE YEAR Thn is•t•t•d •ft•r rooo f900 Itor s rornuner•bon 30 28 othf 17 D•prK1•tft is•tion 306 304 Losi ¢ diiposd of fix•d 8•nk ch••$ B•nk intere51 - on knadffte Its TfUitoi' 13 17 90 No menknof the trustee bo•rd fecw•d wy reTrx¥neration nthYer (2023; Ernl), Exn55 & rt form p•rt of rwThJneration and af• sp•r•t•lydisciwd below. TfVStee5 beh'ert thji th•¢• •r• •t• systeffls in plK• to m•w•xpen5esand that e¥p•M•s in pun1 of NCVO'S dh•nt•bl• In wse to thè iyt ofth• Ind•wdvnt Grwp on Experw set up by NOIO •rd Chrity Fir¥re GrP to 8•thof Infcymatiofi èhd evthce an th¢ d1¢¥e of exFonses ty wtwd crItieS in England ind Wa pthtisw in F•brwry 2010, NCVO dt¢d•d to •dopt onh•ncd volLO)tsry of tnrAe¢s' •nd •x•cthi¥ tsarn eyr4¢& ExKutpn team exper# to8rther to¢al tnryt•texpenst5 in folty•i Tr•vd 3u65iStence eyrtsts Twmbursd to three trustees the peiiod amoyntd to £365 (2023.. 1408 to thrtt thAees), rth ) further £105 (2023: £1.715) dir•city by NCVO for tfwle* CO$.
202 2023 Ex•¢+ t••m chIef¢tI¥ 2,8S9 376 1,885 125 8,74S 4224 Cht•fopv•t1 ¢ffi¢•f re¢tor •f ¢nflv•n¢iry •nd t•Éement Dir•rtor of peopl•. cultur• •nd •Thclu¥oh 1.987 37 4,678 1.993 845 915 303 2.063 're¢ior of •r•d p•rtnerships (h(wn• 2.787 3.791 3,908 (h'r•rtor Qf str•t•gi¢ eommuniuiions and ID$t Ihom•.b•Md) Inierim W of p¢¥l• eultw 3,630 8,194 1.837 133 T•tsl 564 IS133 228 30.324 470 12,361 2.123 Tr4nl• 105 9 TANGIBLE FIXED ASSETS (GROUP AMO CHARITY) Frmh Pl•ni 4ft4,, C•mp¥tar FiiW•S lkndA•I •qu•pffl•nt ' ' T•t•l £r)oo At1 *fnl 2023 AdditiTr¥bS 4.919 1,163 23 94S 1,137 40 8.164 175 D•¥p)uk At 31 Al¥¢h 2024 1133) (133) 4,919 1.186 924 8,21>6 ' I April 2023 Ch•rr lor th¢ y•ar 'SF¥)MIs At 31 Marth 2024 1.292 67 480 658 1.002 23 3,432 306 59 IS7 1133) 1133) 1359 539 1,025 3,605 ' boak w•lu• At 31 Mafch 2023 3,627 287 135 4.732 4,601 At 31 M 2024 647 242 IS2
Fr•Ild land prOFrtY Ift yesentd ynd•r th• IM5twic•l usst C(tIOn •t ow•1 ¢ost an •r#iu•l dwciatKm chDr8t. We Siinwt• th•t 55% of the cost of larMI f•l•t•d tg l•nd. In 2013 th• bJildI w•5va141ed at E14.2Sniliort on •15-y•¥ sale"aThd-le•seb•ck ba5 10 INTANGIBLE FIXED ASSETS (GROUP AND CHARITY) G••dwih •nd tst•l I'ooo Al l Awl 2023 Add Iti¢) 15 31 M•r¢h 2024 15 At l Ayil 2023 Ch•r8• for ye•r At 31 Al•rth 2024 b••k TAI At 31 M•r¢h 2023 31 2024 12 good will rd•tes to th• pw¢%• trf •55et5 from the FoundotN)n for Socwl Imwrn•nt ift M•y 2023. The st of 115k w4s fnostty fty of l•wnin8 rnan•8efftht rna1 •rd tr41 m•t•NI r•l•bngto ynall <h•fit3 11 INVESTMENTS (GROUP AND CHARITY) Liit•d E'OOO Clih £'ooo T rooo At l Ayil 2023 PurchM• ofrntrttl 2.881 575 3.000 (575) S4e of Irb¥M• (583) (44) 221 583 Rdis•d losses {44) Vnr•4wd inv•strn•nt gw DrAefid irthme re¢ei¥•d 221 nd incm• t• 8¥c [76) (76) 121) In¥•strrw¢ rn¥W8•Mt f¢•$ (21) , 31 2024 loso lin
12 DEBTORS cyo NCVO 20 532 599 4.625 4.5n 962 142 Arrwnt du• from 477 Pr•pw•nts T•¢•1 127 135 117 5,507 1,129 4184 1339 crued in¢ryne ffdudes £4.126kof CA5 irne (2023: £0) •rbd £243k gr•rrt (2023: £43kl. 13 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR ••d P4CVD NCVO £¢>0 E'OOO rooo B•nk lo•n (cyr•d - nvt¢ 14) 169 169 169 169 12S Mo Other ¢ieOIts(s SMI 4MI 1,453 2J18 242 491 226 knrwd np•nditur• 400 400 1,434 2h29 1,439 224 1,420 1319 T•tal 14 CREDITORS: AMOUNTSFAWNG DUE AFfER MORE THAN ONEYEAA NCVO 1023 £'ooo 2011 Mwn6r%hip drfrr Lw•r on• y•ir 8ank ltsthh ( T•t•l 105 85 105 85 1,059 1,164 1228 1,313 1.059 1228 1.313 n rnp¥ym•nts.' Withffi one y•4f Bttwrtén orte Ind t¥ffj yè•rs B•trM•n t* •nd fv• y•ws Bd•fic• 4131 M•rch 169 169 169 169 169 169 169 890, 1.059 1,397 1,059 lJ97 1228 1,228
NCVO ovms the freehokl of it ¢F•s Jt Sw¢iy .,Id AJ S>nts Str••t, London Nl 9RL A k)an tskèn t1 with B¥dJys Bart& t¢ fvnd • kn,1d constr¢1n yoittt um• VOPffty, vlkn w•5 ¢tyrpkned ¢knrin8 2012n3. The is le8•1 ffl0rt Cw property.Tr k>n is Klly draw kf • tot•1 of £1.6mAlIM •t a rrte¢f1.95X th• r•to for a 20.yw wrth • fYrt"y•w ronewiU• 1202& RECOMCIUATION OF DEFERRED INCOME 2025124 2033124, , É'ooo £'ooo E'OOO £'ooo D•f•Th•d in¢•rn• 1.519 (536) $75 1.558 Beine dèfeffd irttb)mè inchdtd in: CrditQV5: •mowits f•lkn8 du• h1n o 1.453 Cr•dbtors'. •mowrt famsne duè mwe th•n y•r T•tsl 105 l.S19 (536) 575 1.558 RECONCIUAnoN OFDEFERREO INCOME 2022123 r••¢ i•rt• 14 d•f•ff•d ferrtd incom• 1225 (432) 726 1,519 8in8dfwt•d iOrn w•chJd•d fft." Cr•dIt9 •mgunts flkn8 du• ryth#i rKwJ 1,434 Creditors: filhne due 1 Thr 85 T4)ts1 1225 (432) 726 1,519
IS CAPITAL AND LEASE COMMITMENTS NCVOw¢•r•d into •n op•r•tin8 I•1 with Si•rrw• in 2022 fw mthi.fwctipd d•w &Thd do¢wrwt K•mir Tat4 mirirnLm Iwé ¢tywYltnts M It 31 Mwch wr•: 2023 W¢ih4n on• y•ar T4 to h¥e ye•rs Tfjt•l At 31 March 2024, NCVO capitsl corNnitrnent for •Jtom•tic dooTr E35k 16 ANALYSIS OF NET GROUPASSETS T•ial furtd 2014'.111 2024 2024 E'aoo 2024 £'ooo Twwbl• k•d •ts•ts lTrv•stm•nt6 4.613 4,613 3.In 4.613 3,171 3,171 et curvent as¥¢b (exclud loèf+) D•f•ry•d M ift•r mor• than • y*ar 2,378 499 4,461 4,461 (105) 1105) (105) 31) 031} (1,2281 9,081 11.228) ¥763 (12281 10,912 T•tal 4MO 499 | 0,831) NCVO'S ynw•l f•S•r of£4.&rfKm (2023: E3,ImilW •r• m•d• up ofYN•stmvrts nrt wrr•nt Kmts.
pn¥ T•t•l Tan84ble fixed •i%rts InwstrTwnts 4,732 4.732 4.732 3.000 3,000 3.000 Net cwr•nt •si+t5 (excknding loèn) DF•rYd memb•rnhip du• th 62 2S9 459 4S9 (85) (85) (85) p$10 fund (627) (627) 11,39TJ 0,397) 4709 039n 082 T•tsl 1053 259 (627) 17MOVEMENTIN GROUPFUNDS UNRESTRICTED AND OESIGNATED FUNDS fvds ¢f th• ¢lwity wKlud• th• fokn¥wgde5%nated fund5 hm b••n Mt of urnutrict•d nds by th• trust•K for w¢iFK pup5•k 11 "'Ii rÉio ro li M•r¢h 2024 £x)00 FLvea sstS 3,332 28 51 3,383 1.341 Pi•p•rty m•int•n•Vb¢• Strntw d irnplemèntsliofi it•1 In¥estrn•nt 1.313 1.000 1,000 37 (62) 62 37 D•siiA•tsd fw G•n•r•l fvnds 37 3,053 (62n (62) .02n {128) 2M26 (2.740) 314 5,761 4,652 (1.831) 8,582 11,189 (1,390) (1313) Totsl %823 11,189 Cl2in
202: £'ooo 2023 Fix•d •ss•ti 3,153 28 179 3.332 28 37 (92) 92 37 (4) Equrty, d¢v•rwty •rrfl 18 (18) , D•yat•d fiMbd5 3240 3,407 014) 271 3,397 3,053 (627) 6.449 16,141) (110) (578) (84) Ptnyon f•s•r¥•s 307 (8241 , T•t•l 6,647 (43651 (908> 823 TnJrtee5 d•s%n•tsd f¢f pic¢s of rf ¥Klu. Fix¢d wrts ThS fund ry•sents the levd of NC4tr5 r•s•T ¥M5t•d in fwd •wts r•et tsn&i4e fixed asts less ?$ t loans ar• u5•d to p•rt th•s• ¥qUbt11). Tris fvr4 15 to support rn•ntwnce of Socty &J&li Stf•tegy dml0w1t iryl wnplttTr•nEbt Tr4$ furd is supprt lh• d•NloFwrthit vd irylementation of • strategy for NCVO hrm 2025126, Tntstees h•ve •llo¢ated fvnds r•%•r¥s ftr• nunkn Ofdtil the of• new tN•b%it• ¢th• p•yYnmts •IP¢OJT•PIAIICI41 •V4T•¥IIIT•
RESTRICTED FUNDS 2025124 IA• 2Q24 £00 fopp C•htth for Wo#.. 4•.frwNI ioelusr4•bdunt•w 8•t¢y FW•5k •Th4 swrt G•fvld Wtsttm: Srn111 thwrt 192 (ISO) 42 12 2) aim•i• C•ll•b¢•tK•. F th•y c•MpD SW• hkKttli•• F•¥fjd•tiM . Po•r •nd te&ty 26 (24) . visi kn V91•• N•iion•l knxtery - Pow •F Srndl 370 262 (45) P•opl•'s Poste<4• Lort•ry- •Lwrnry PwtrnW for CuttsK•, Spgrt . Th• B8 Hlp C%At Dp•trn•rt kn GJlwr•. M•dii Sptsrt - fn• Wll Sp City 8n4• - Sffidl Chwi Ll¥y& 8•nl - &rtdl Ch•riti•s W••k 200 193 51 (5 io N•tvwl Lgtt•ry Comffwfvty knd- Sport Effl4. f•r v11t (20) 15 q8) VduDtwr Enl•r Vduhtew kDtl•rNI 41 15 Sm•N Ch•11 co1 iW$ Fvdnd•tion- Pal V•. Pubk TN 13 {13) CSIS clty FWKI: W•r1i1f • Chanty bm•ri•s T•tsl 259 499
Tha w••s v•ith restrKted fim& to b• cNri•d f(ww¥d into 2024125 n brnfy dfficnbd b•luvr. . H•W p•d•tal w Brtty Aknen8ef Fcmffdatiofi OrY"pt for small chJrits voknn Wti¢w the Iw Oft Ch•ritiN Co•StiOfL f0$511 fvek P•vmf irt•griY. Sh•1• M¢K•¢hni• Fwnd•tion: prorn fo Pport •&ptiry holisti¢ Fvoaches for or81$&tOn$ lo with thie8r7ty. '1 Po•d• L•ttwr. For the derfeIcyTrt ofan eLe¥nIPkn to 5upF . Po¥fflr ofSmdL. N•tipnd L•tt•ryCwwrnVy Fw&. DMkp7nt phK• t¢ Itr¢ •rnl test how infvJstnKtw bo¢hrt c•n b•st support smdl %dwiUry ¢Y8•Wiiohs in • stsJt&nblt SmK Clwit•ts: Gty Bri4• Tndt Practie41 for small ¥niS•tl0ft$ and the Small Chantie3 PaDel. R•fr¢sh¢d brvdtng for V¢&nt¢ers We¢k to th•nk Tr•lLffiteers •cross the sector. L••d•Thlip O•y¢y): Lycy for INderthp (Vlinrfr•d Twrwn) for forp•Dpl• 7Mth Iwnw difficultles IDsan• K1). CSIS Ch*rity F. kr * knrun•L. r$•fleS for people Ie Wofked in the st¢¢or who Wbsh to tr1• ¢¢WS¢S 4ydu to transfeff theif skth to thè%Th)knTrtwy sector.
RESTRICTED FUNDS 2022123 roo Th• N•tNwl Ltstt•ry Cornffwnity F. fh4itsl 43 (43) ctr• l¢r 4•¥y W•l.. Ofri•fi+ irKIwi¥• <26) H•lp4•5k and Uoyth 8•nk Fouhdrti.' G•rfdd W•siM.. Sm 25 (13) 12 20 (20) Tmt: SMO ch•riib 15 •n( Spwt . Vrfiw hr VGkntytenr O•panrn•ni f• C¥1, Swt . frn• W 155 95 Thv C&rn•t• Ci PD%ilivt c 134) N41irmal Lott•ry CornnThty Fur4 . S¥ppww¥¢h•fill throyh th¢ C•Xt rjf Irw io V*iwL. Tr# CSIS Owty FWKI, for • Ch•frty Oth (515)
Those area5 V•ith restricted fvD& to be cwitd for¢rnrd into 2023124 d•xfflb•d b•low: Ay-friwxly and indul1 ¥dun¢••riry.' C•ntr• for Aying B•tt•r. A prry•ct to•rnbod syead th• conc•pt •nd prJctK• of age mdusi% volunteenng. For iht prowsp)n ofonpng %tw•rdJMp dth• Codv. Hdpd•th y•ctied wpporL B•tty M•sw Fwhdtiofi ind G•rfi•ld Wwtm: Oly' sup for small ¢hafltiÈs and woluntary0rr$ar10ThI itsdLthg ctsnttsnuing the le8xy of the &nal Charit3 Co•litio Tknawn•¢• Chwy fordln5tmt frorn fossd fi$. Pw•r •nd hil•£rity: Sh•il• MCK•¢ FotiOn. kn IncUtiOn to •doptry hortiC pproa(htt for oan1$aln5 to work vllth Integrity. li¢ Tryrt.. Wtyk to pr•ww public Intst •nd conFKlvK• in thè $4¢tv. L••d•rnFAp Oyw)., L4•¢y f¢f lewJer3Kp (WintFred TLmim) and for music fpr p•opl• with Iwr4 dth¢ulty'es (0 Kur)m). CSIS Fwd: Wwkiry f•r• awity bwwi•J: for peoe h•¥e vrtked pthl. cl¢r +K• Kh to •tt•nd its or&r to knrnf•r t¥r skilh to th• s•Ltor. OTHERFUNDS.AGENCY NCVO •lso m•n•g•50tFw ¢K•rit•bl• frxd w bthdf¢f th• trysts ht•d betw thwh its irhSt man•8r% UBS. Th• Lth¢hTN. T¢ pay irome •ndl¢feaprt•l of th to$ dritIeS Ot f¢r w¢hthvit•b PIW •5 t mry frn time to time direcL Th Initit. Th• P•mwrnnt Trus s11 hold ttrUSt MIseS UFx>n trust to p•rTr¥t th wn¢ to vs•d for of phy%K•l •nd mnt•l rocrn•tion •nd %Kt•l •ntelkctu dthdjpment th¢cW the MM of r¢•d •nd recrt4tw room I+x4ry l¢ctur•5 cl•sws ruvtims entwtsinmnts or othetwise as may be fouThd xpt&ent for tht benefit ofthe Inh•&11$ of th• Worth W¥d of the Parish of Wwth in tl COuntyofkn aThl its Imme(ht• rty fv1th0 thtYKtwn¢fs•x or of pdrtK41 or other opinlons 514•ct to the of these pr•nNse A M G 4nd G Wy4wd T. To vy (W •PFty th incvrne •n¢Y4X Cytal to such dwritiu fof such chjritable prpos¢$ 4$ tho s¢tUort w from tirD• to div•ct. Ncrfo actsas Trnst•• of 4t)d makes doThJtions frorn thè •s dit¢t•d by th•'r sttlty& Th• tot41 gf the inbvtments, held In a sep¥•tr ptyrfoS0, stsfth •t £179,000 (2023. £170,000). In adth E223,000 (2023: E229.000) is hekl in • wpw•te bk •(1nL These are exckKled from NCVCYS ¢¢¥nts, Most of the firn•l disiribuiions from Th• •£nTrUSt m•d• in •wlyWI 2024 E149.203 •t 31 Marth 2024: 2023 £149203) •nd then tIMs *ill ils¢ be ¥thnd yp.
18 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2013 rooo, in¢•m• f•r th• y Adjusthbtrtts for: D•ptCb•¢?on Amortisltipn 4,389 169 306 s on th"w5d offid Mvtj (GI) l ¥wrttm•nts Lknd•nds and int•r•st From ir•llm••its Ifitrt on b•nk1o (117) 199) Non.e•ih differèneé bètefi dtrfifi•d knéfii penli t¢)ntributh)ni Pbd ahd imount tknr8td SOFA IrKrt•s in d+bton (186) (4.378) 309 (19T) 1302) Ir••5• in u•drtors 227 Pf•¥i&d by •p1% •¢tiYit 239 19 POST-EMPLOYtr4EMT BENEFITS ¢h)rity oprates pension scFme% • defirnd contsibJt•on Pthn fo¢ •nd • dtfimd bènefits pension heme (the amets of &i¢h held syat frtyn tfv eharrty), hich was dosed oh 31 Mwch 2011. PENSION COSTS CHARGE IN THE YEAR •rrwJunt OF p•nwpns Msts th•f8•d wfthwi co$ SOFA15 xfolowk 2024 2023 Noi• DefiThed £¢tri1 sc1)0• costs Dtfifted btntfit s¢hem* •xynws Dtfioed benifit Kh•rnt Inter•st cosl 259 227 IQ3 25 387 110 J37
DEFINED BENEFIT SCHEME The employwoperates a defined bene scFbeme In the UK ¢losed to rbW entrants •nd firtufe a¢cn4L This is • s•p•r•t truste• •dm1Th5tord fvrbd trK)Idthg thE ppnsw •5sets to rwet lory term pension lioL¥liti¢k A full K¢wi•l l•tion w•$ COM •5 •130 S•pt•mb•r 2022 ihe r•s41ts of thi% h•v• b•en •t•d to 31 M•r¢h 2024 by • gu•lifi¢d •¢iu¥y. ittyrdni dth•sehtm•'s Th• mlior umptk)ns bytF ¥tu4ry •r thown below. The xtLtsari•l luation as at 30 Swembèr 2022 skn¥¢d• deficit of £2,494.000. Tr L•mployr has ith the try5tee5 th•t rt WAI atm to SMtE tl deficit by 31 DKerd)er 2029 by pwrnt of •Mual ntribvtims of 1216300 prrn (p•y•bh monthty) by 3% at f•ryry subs•ynt l Aw'l, •dditi¢) th••mpb>r h•$ •grtvd th th• Trust•• th•t rt p•y ¢Mtriiwtion5 ifb rry•¢t ¢f tl •xpth5•5 of rwrt1 th• Seh•rn• of E90,850 pw •r<4Jm up to 31 lèl•rth 2024 E82.000 pw th•r••ft•r. As5uriptions 3.00 2.93 2.85 4.87 2.93 Isc4J1 r•t• Infi•tion •swfflptw)n ICPI) 2.91 fftjrtaltty •55UmPtI'on5 W Jt 31 Morch 2024 impty the l&e expect•ty)r. 22,0 24.3 23.6 M•1• rtytiri 2044 Present val$ of defined benefit djligatiork fair value of set5 and defined benefit liabli ty 2023 t09 21,891 122.5181 I'ooti 20.752 ' (22,583) F•1 v•lu• of pl•n Pr•s•ni v•lu of d•fin•d bfit o D•fi¢ii in It•bd' Recorwllotn of clxin8 bal•r*es of the defined benefit oUi8ation zo24 £'ooo 22,518 2ozJ E00 29.no 81S D•fin•d b•n•fft obli Intef•Ji exws•s •tion •l st•rt of A¢tuafial ltrss on ¢hBn£ès in fin¢1 •nd ,' 8•n on Ik•bilrti•S (236) 22.583 22&18
Re(¢>ncif¥tK>n of opeyand Cios balances of the fair of s¢Fme 2024., 2023 £bo 30,344 835 (110) (8,674) 307 1811) 21.891 F•ir valu• of Khm •ss¢tTr 4t it4rt of iod 21.891 1,050 (103) (1,500) 314 (900) 20JS2 Exp•ft R•turn pn aswt3 01 Contrib¥¢i¢4n3 the tm B•n•fits id Ind ¥ T•¢ t•r•%Q inGorn• nss 2024 2023 l••Mykna tho SOFA L935 On 5¢hem• Msts (1.500) 1126) 18,674) 11,410) Expen•nce10ss •risin8 on tK• sch•rn 6a&'ki•s G4•n • • resuk ofch•n6K in phDr Ind fin•nGi•l •swmplions un" r• d•Ayn8 th• y•51 ¥olw of th• h•m1 Iv4biht G••Th from lh• ¢h•nt• in •mout thii is r)t recty¥wablè (•xclud- 236 8,626 634 T•tl 4dwri•l l•$• r•¢wo•d in SOFA J90) (824) 2014 1023 E9lllfY I Bond• •ss•ts 1,358 11,743 738 10.849 1.882 8,422 21.891 6.036 lo? TPT Retirerneftt Solutions kn inf¢nThd NCVO of • rv4i¢w of kstorK %¢hwr b•rtfit ¢h•nys th•t it Trs Urthrtakn.. Thé ¢ontnt of thest makes r•u dlow•rK¢ f¢r, w ftftrn¢e 1¢, thp pot•ntsJl ovt¢Th of 20 CONTINGENT LIA81LITIES Th eh•¢ity w•s I•fi•d * th• trvrtw¢f th• Crity's dfirnd b•fftvfit P10ft sthwntof a pJ55ible f4Uity that eiisied at 31 March 2024. Thrt fdrt•s io Fthtid furtlw b•rw6ts pwble to mernbers of the 5clme de from the way bentfits b•en chan8d and th• s¢h¢r's rulw •r int•rpr•t•d. As 1% normal pr•ct4ce in these circwistaw t pen5#)n scheme trustee is loekn. ClaritIon tknugh th• trtS to coftfivm t iryxt ofchwces wodd cwted •dditin)rth)I berfits pwble. kn estsrNtion of th¢ hakn'kty, SP il b is ITr th• of É4,2rnllKffj.
21 TAXATION NCVO o a wi5tffd ckn'ty •% such is not Iwl>l• to on Its E•ifts th•t meei the t•K •x•mptlo chriws tr1 subsh4i•ry, NCVOTrth Lirrt44 is Ii•bl to tsx on pfitS fbrt vid t• th• ch•rity urKler deed of ¢(wenaThL 22 RELATED PARTIES The ¢hty•i)s 100% of th i55ud shme CaPbtal in NCVO Trndiry Limited. Tr tr•dw% cornpMy ire note 23 to th• •¢Mynt As stst•d in thè CAF Trnsi Derf the dw •F NCOO tn15t•e on th& bmrd of th• CAF. Thbs ts Aled by Dr Pw &rO. trusffts for tywis•tKTh whKh m•th of Ncrfo ¢r tr•nsxthy4 •1 25 SUBSIDIARY A14D PARENT COMPANY RESULTS The chwty 100% tsf the itsued thire cytsl in NCVO TrIng LiThwted. Thècompary m•dt • w¢fit ¢f EI,129,000 for th yt4r Thled 31 202412023: £923.000). Th• irptment at cost is ll. 2024 Tumts¥ Cost of wl Grp65 nditur• Net y.ofit fvom yit10Tr5 •bl• ts NCVO d*•d #f ¢•v•fi•ni 2.032 (850) 1,182 (52) 1.561 (601) 960 (3TJ 0,130) (923) D•btoes C•th •t ts•nk ift.lw 285 264 320 1,056 (1.056) Cr•tht¢brs.' •rntsunfs f•lliydue ¥•thvi on• credito •mounti f•lliydue Ifr on• (584)
I
¢h•rity numh•r 225912