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¢y￿r￿ry tr￿S￿rer. 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 T*Trnegse•. 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•i*b•j•y• Kum INDEPENDENTS John ¢w••n￿. Appointed 13 June 2024 K*h¥•Dt Grnw•l. Rewyed 6 Fe￿￿ory 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• {Ch￿r until 31 M•r¢h 2024). R•swd 31 M•f¢h 2024 I￿r1d T*n￿￿￿. R￿l&nId IS OCto￿r 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 l￿ra Cr*ndlry. 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• r￿pOnd t¢ th• •m•r8in8 n••ds of t￿1 tornmtsniti¢s. It a tim• wh•n r￿nIsatIonS ha¥* thornsélyes been recoveri￿ from depleted resefve% fKing n5ing costs and tKklbng Challe￿ing operating enw)roTrm•nt R•SOur￿5 4r• finit•. wd tho th•11•￿•$ we fK¢ ¢ontiftve t& evolve, l>ut this been •r￿th•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 r*siliM¢¢, 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 5￿tOr v** v• hli ¢ONlirwJous boufiet ff¢m on¢ criiis to •r•other. When we Jpoke to memben, they d￿ribed 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 5￿ppOrt charit*s prnved imwctfipl and saw us recofd Our hrgest month of memb•f5hip •cquNtion in thr•e ye•r5. W• h•v• h•d $inific￿l Cut th¢ou8h on the issu¢s t￿t 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 t￿1r 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* deIr￿ed. > 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 liv￿8 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 ts￿k 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 t￿tru• the backbone of our country, scale of thetyr finbncial and OPefatioNI difficulties. A Sta￿ering 85% of charities and th Is year they needed help predi¢t•d winttr 2023 w¢uld b* •5 toueh, or ¢v*n 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 d*rrth•nd fot their servi¢es. Foufidat•on for Social Impr0￿Ment. thè t)¥0 main infrastnKtyi¢ bodies Whd• pvblK und•rst•nding of the spKifi(•lly f¢f sm•ll chjnties. both eh411•r*e•S ￿¥¢ of li￿￿8 ¢risbs ¢kn¢d in 2022. This r••ffirm•d th• nnd f•Y fimilies was h￿￿, re¢4r*iti¢n of fof NOIO 1¢ provid* 8r••t*r 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 Cornrr*5won 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￿ r￿arer. advocati￿ for members in th¢ political $pher* was •noth*i mijor l •m imm•nMty proud of th• work oyr prionty this ye•r. st•ff do •v•ry d•y to liw Qur volu￿, In J•nwry, it Posttiwe to h••r &'r Keir cofbn•¢t •nd •mpl,'fy m•mbers, and Stsrm•r, then Leoder of the Opposition dtmonstr4t* the b*h•¥icwrs needed to rbow Prime Ministef, commit to bubld 4 stryr t¢morrow. f•Setting th• r•14t￿nShiP b•tvt••n It Is mtmb*rs Ih•t m•k¢ NO/0 twhat ¥ h•ritws and th* 8ov•rnment it ihe CThil •r•. Th*tr tirtless efforts, collaborabon So¢i*ty Suffimil. Oyr *fforts of b•Jildi nd ddic•tion to th•ir comfflunities is ¢dlabor•tion and partnersk¥"p with the why the volunw Sector is w important opposstion party have proved suc most. but our work to d•vdop • n•w coven•nt will redefine the wnciPl￿ of oll•bor•tion •nd p•rtn•rsh¢p b•tw••rt h•rili•% gtyernment. In the years ahe•d, il's going to be more Imptsrt•nt than ever that ovr sector &ne* the eltetion, we hove •lftady ff￿de comes tO￿ther as ofte. Vll)ile eKh eood progress to reset the rel•liorbship gat)iytioTh h•$ 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 •nd th• Ch•ri¢ies' SORP (FRS102). NCVO is • ¢h•rit•bk ¢•mp•ny Ikmited euararttee. It was foyndtd in1919 •$ the National Council of S¢xi41 Strvbc•i. li was incorporited on 30 Mèy1924 and f•8iSt•r•d •% • cknty on1 Janu•ry1964. NC¥lO was estiblish•d uThl•f rnèmofarK4um tyF ossoc￿tIOTr. This d•fin•i ovr object5 and powers. We're iov•rr*d 41$0 dtt•iltd re8ul4trons made under the 4rii¢les. Full NCVO membeiship ts op¢0 to voluntary Organi￿tIOnS that c¢rnpty with th• criten• fw fftpmbership. Thefe w• •ffili•t• G•t•gwie5 of membefship fof publi¢ w¢tor •nd coyat• bodies. ofr ij The following committees report to the board. AUDIT AND RISK C014MITfEE PEOPLE. CULTUREAND INCLUSION COMMITTEE . Provdes ￿dePend•n¢ •dwc• ond •swr•nr* on risl contfol ar . Sets the ch•'tf •x•euttrv• •Trd the compli•Th¢• m4tt•r3. *x•cutive teaffts ￿M￿￿tri1•￿. . (Nr atsdit and risk eommittee is ¢h•ifed . C•ns•dtfS •ll yople poli¢ies r¢l•i by an independent memb¢f vf th• rnattef8 Ift¢kKh'￿ p•ns1•Th5. commrtt¢e. . Providès challe￿e •nd support 10 tK* bo•rd •rbd executt¥e team to holp ddiv¢f our cvltvral cha￿e roadrn• . Oversees our *xt•rn•l work to support IKIu5ion Kross th• s•et4r. . Pro￿*% chdlen8e and u*wsi8ht through liv•d •¥peritncè, exptrtise arbd kl￿w￿d8* in r•l•tion to prxtice. culture ar*d 8py¢a¢h at NCVO. N•w tru$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 busir*tts pl&ns •rbd budyt$ •rnd rr￿nItorS Our porf•rm•r*ce •8•in¥t ¢•r8*¢5, brlth fin•n¢ial and rbon- fin•neid. . Has ￿ht èf ifi¥estm•nt$ a dfv*d 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 f￿ht rn¢x of skilli nd eMpet*n¢•, . 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 tl*ct•d r*sid•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 p￿￿denL Delyth Morg•D h•5 &dic•t•d 30 yeors to wpporting th• br••st c•n¢er corrbmurbity. combinin8 h*r 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 8r*akihrough 8re•st Cancor's in•ueur•l thitf txecutbve c¢nfid¢nc• ard kr* tly need to in1995. In th•1 role. th* 4￿￿r$￿￿ the false their ¥0￿e, electw perio& establishrnent ¢f key fesearch Ir*iliatiY*5 nd campai£fied for Imyoved scr•qni and di4rbos￿ proc•sse5. In 2005, D•lyth •Tht•r•d th• ofLo¢ds •Nd s•wd rym•nt mtntSt*r fo¢ four years. Returni to the chonty s¢Ctor •n 2011, s orchestrated the mereer of thro• l••th' breast cancer ch•ritie5, f4xming th• Org•ni￿tIOn w• know tod•y. Delyth is drI￿n by pèrwial Connect￿Tr5 nd inspred by the stoi*s of those ffectod by breast C4nCQf. She rem•bns dedicatod c•mpa¥n•r •nd Iwd•r, Mtst￿at￿ by the Impxt sh• c•n m•k• longs￿• h•r exyrt ¢oll•agu•S. > BARONES5 DEIYTH AIORGAN NCVO PRESIDENY th• Impact on the fin•r*ial sust41nal*lity of chNit￿$. We pJbhfrd a In •dOrt￿n t¢ bn•fi￿S fr 8tr•Ymm¢nt dep4rlrnents, we wrote We hosted in.ryn odi èment Lmfits to f••dl*Kk 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 ￿$10Th. AMBASSADOR CHARITY GOVERMANCE CODE AND CHARITY ETHICAL PRINCIPLES W• r• •x¢ited to w*kome Lerd Simm Wooll•y •5 •n •M￿$sadOr for NCVO. Lord Woolley Is a wdl-knovm •db*e•E• for 54xial justbce and equality. H• ftsund•d Oyratitsn Black Vote (08V) pnnciples •re a set of standards for h*h 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 comm￿S1oner 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 o*n 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 r*prKentation issues and r¢¥iew. W• kok•d •t the worknry and devdoyd l¢•d*rs, not4Uy in¢re•s remitj of our ¢ommitt*•s •nd continu the numb*r ¢f MPS frorn mirwity to 1fflF￿ ow •wo•eh io b￿rd 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 int*fll•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 Gov*rn•Thct C and th• IORD SIMON WooLLrY NCVO STRATEGIC ADVISOR We •ppoint•d Jud• Sh•eron ￿ our first str•te8•c a&￿.$￿ to th• bo•rd. Jde 15 marka£in8 director IEMEA) It Datastax. Bef¢r* Joini￿ Dat•St4x Jude held varirty OF ifit+rfi*¢ior411 l••d•rship p¢sitw*S •t Amazon Web S¢r¥ir• Edu5erv, TrvsL New York Univ•r5ity, •nd France Telecoffl. Mosl of Jud•'s h•$ focusd 4 d%ital technolw •nd irbnovation, hieh•r •dtscation and r•suf¢h. Jude has h¢ld a ¢f n¢)n.executNe p0gtsr￿1 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 DIVERsITy￿￿1N 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 tr￿t*•% to be • k•y ￿¢￿ilY and gll•bor•tiv• approKh thnd ie¢¢gnise rt<•gniJrt tht limttatitir*s of ele¢ti thii members are the expert5 In charities govefNon¢e pro¢esse& The Eovtmw¢e irtd +ffjIunte*ri￿. 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 Und￿t￿nding Eh• *r*g•8¢ment Ind d¢v¢lop t•rgeted th•ll*nges members f•ce, thèir 80•1$ repl¢ (55%) identify as white bnd To livt our v•lu•s, th• bo•rd f¢st¢rs • cuIiuf• of •¢hi•vin8 fwr wls ihrou ¢01146tsf•ti•A. drawin8 our legitimacy to t from the NCVO membèrship. t>vring the l•st yw th• trust••5 h•v•". • tmbddd 4ppio•eh to sm•ll untary orynwtion5 through th• srnall charities advisory par*el and the development phase of the Lottery- fvnd*d Pgwff of Small proJ•ct v•ith p•rtn•rs t¢ dKi8rth infr￿truCtur¢ support for sm•ll wluntary W8&niukn'ofts for the futUf•; • commissior*d the development of an anti"racisrn str•t•8y for th• OUR TRUSTEES.. IFEAWES . One person (9%) Kl•Trtifies as dis•bl•d, . Thrtt p•opl¢12fAJ id•Dtsfy 4$ LG8TQ+ . Four people (36%) •r• b*tvrten 31 •nd 44 ye•r5 old. Th• r•st of th• bo•rd •r• ov•r 45. . The bo•rd Is mad¢ up of ptople frorn diffefent relwous back&founds, Includi￿ thosè with no reltgi¢n. 55% WHITE 45%GLOIIAL MA)ORI IY ORGAMISATIONAL PURPOSE AND LEADERSHIP The trv5tee5 irnplernented all of th• recommendations from our •xtern•l ov•rNnce revi•* in 2021. Th•y c• • Contir￿ed to erykntst the import•A¢e Qvt r*gvl•r r•v••w5 during ihi¢ bo•rd of ¢oll•bor•ti¢n, particul•rly with th¢ Civil Socitty Group. Vision m••tings. This •nsur•s th•y continue for Volunte•fin& and worklng With t¢ adapt •nd Impro￿ how tlwy ACEVO on • sertor rn•rbifesto in t¥ther. tparalion for the gen•f•l dection lo A knrthef pern•rKe f•¥iew will tsk• 5trength•n (wr l•8ilimKy •nd Inol. 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￿ eC￿Y$t•m. Th• itr•te •d•pt5 in ordef to fit our ehofieirn world and im1￿e$ voluThte*fi¥ for th• b+r*fit of volunteers, oreaffti￿t￿n5 and 0￿r 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 f￿Y$S¢d on volunteers Action Plans audit s¢hwn*. In Ally 2023 fid ih•ir •xperience. Th* survey wa5 we wtre pffoud io •¢hiqv• Gr•en eonduci¢d by YouGov bith 7,000 M•rk lty•l cm• Kcr•ditJtion for 4)IK members of th• publ•¢ oxplorTn8 e•rtf•f•ncing f•¢ilitI￿, achbevin volur*te•r p)rlicip•lton, m¢tiv•tions Kross all four Sections.. enNironm*ftt*l rriers to ¥¢lunieeriW th¢ qu•l¥ty vf managemèni.10¢41 environment, vtiliti•s lunt••rs' exptnences and th• imp•¢t nd waste. We •1￿ bwn t¢ impl•m•nt Of w)lunt•erin8. our int¢m•l plan ¢• r•Kh nvt zero. In 4 ¢•nlinu•li¢n Of this work. we us #i•rting with building • CQrnFAete pictur• this d•ta. as w•ll 43 ¢ornmissioning boost of our c•rbon f*￿tprInt. resear¢h, t? build •ur urd•r5tanding of W* •r• a new10-y•4f the expetience and pwsp•ct1￿ of peopkn maintefiancè plan f¢)r Soeitty &Jildin¢. from the 8lobJl m•JNily. r•s••rth w•s the first of its kind and w•$ • Wi￿1 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. •9vi￿t 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 l*hts in tht ¢•nfefence 51Jlte small charities. Foll¢win£ its cl￿Vt• •rnd sh•r•d wilh LED Ight1￿4nd 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￿•£n￿e$ that small charit1*5 fo¢ the conference 5111te to •n5Urn th•1 need distinct. e￿Y 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 P*nel 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*$ cOmp￿tnI in •mphfyiy srn•ll ¢honty t¢ ￿nsIder divestiTrg frorn f055il fuds. vo•e•s •¢r¢ss the sector •nd in dK15ion- 'F￿ll•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 broad￿1￿ out our •nsurine they •r¢ re￿UrCed 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 t￿1r en¥ifonmtnt•l 8￿￿. vtrnment, filrders, •nd ¢th•r wclors; t¢n￿¢ted to uch oth•r •nd th• wid¢r We cOntin￿d 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¢wm￿I (FSI), the rwNin•d d•dic4t¢d i• Ouf sh¥ed > y*sityn 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 l￿d 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 ¢or*tem> wor￿n8￿. 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* OP*f•iions. To addre$5 thi4 th• fvtur•. launchd ¢Uf #CMtOfGm￿criSss 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 spec*fully ynalls, In &>inE their work research h￿hl￿hted a s*nifi¢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•m￿l 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• C￿llengI￿ y•ar •kn•d. af InflUerb¢i￿ ¥vc*r& ¢)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•nif*st¢, iupportin8 yo￿Otary organis4tbOh5 to tlthich de￿loPed •Tr p•rtr*efship camp•i8n •ffectiv*ly. safely and vnth w)th ACEVO. Th• manifèsto *•$ laief confiden<* irn lht run up to the loc41 and tsurbchd TKh*n 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 fut*Jr¢ 6ob*rnm•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 h*hly reg•rded of coll•bor•tion •¢ro%s as • trust¢d Prov￿*r, ￿1th over 4,700 NCVO. M•kI￿ •dv•nc•m•nts in lin• •ndMdl￿I5 atteTrdin8 on¢ of our expert- Ith ou¢ p￿PIt strategy to support led c￿r$*5. We ct)mpleted a full r•yiew us ih Iiv4•)e valuts. Thè Fwle te•rn of our pricing structtsre, balanci has been restructured to pr(v•de a the ntrds of NQ40 •nd that ¢f our peoph partnenn£ proviyon to Ill rn•mbw% ond di•nt ch*riti•s. guf te•rn5 across NCVO and dri pl¢ytt ￿n￿8•m*￿t. We ufid¢rtwk • ihroueh reNi¢w of our consyltiry wThice5 in the summer We h•¥e laurbched our new learnin arbd lutumn of 2023 to ensure our arbd development stnlegy fo¢used offer ￿$t reflectd the nteds of our colljboration, 5kn"115 5h•riy* coJchin8 m•mbern wd th• vndfr s*¢tor. Dr•wi rbd mentoring. Ac INCOME GENERATION •ip••i 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¢)Wf*S. tht rn*jority 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 r￿rbue 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 L￿d8*1$. 15% of rybwnb• P•fbdtmr< beg•n dve to organisatiws thry couldth't justify p•y closing. W• eXp￿•TrE•d • drop in fo¢ m•mb•rship as th¢ir ¢osts m•mb•r nvrnb•rs •nd sp•nt th• r•st d dr4sbcally In￿￿3ed. th• fih•n¢i•l y••r rtt¢¥¢ri In 9Vlrter5 thr•e arbd four w• s•w h¢1 Ow membersh¢p 8rowAh le¥elled off nLNnbers of rn•mb•rthip •ppliutK>ns, i•) qLtartÈr t￿￿. We wélcomed many W• •xc••d•d vur 80•ls fcrf incom* members bui l•psed •n equ•lty e¢nér•tion rntynih-t¢.m¢rnth. W¢ ifK•nt nvn)b•f 0$ 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 av*r¥t 3.4 ye4rs. This w•s the quick￿t 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. Th*5 11 0 siznificafit increase ¢e*mprd 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•rwc*5 •fbd support in P￿￿• W• h￿rd 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•rs￿p1 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 W￿ld 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, k**p our fr*e 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 •xt*nd 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 contr￿utiOnS to this ytar's Culiure •nd Sport in their $L￿p￿rt for S￿lty￿￿1￿. CORPORATES We'd like to thaThk al our w4P1￿ for their witinu•d efforts to bring 9vality wrv¥¢u •nd prody¢ts ¢• our m*mb•rs and th• knder s¢ctor. k you to Atkn￿on HR, TnAt•es Unlifflited and Utility Aid for their ¢antrikntioThs to our programrne of •¢tMty dvring I£￿th￿. Th•nk you to Uiilily for h4Xti vohjnleef forum in Manchester, to fa5in5 for hosti￿ our CEO n•twofkin8 evening, St4)ne KI￿ for sponsoring Ouf Gov¢manc• Forum •Tr4 Sa8• Ints¢t f¢f 6•in8 wr R¢•d Ah••d sponwr. Syciil th•n&s io *)ur Part￿1* Zuiieh Ind Phoenix for iheir contrilwJtK>n5 throughout the year •CfOSS multiple ¢h•nnds. And thank you to Withers fof their Continu￿ input •nd inyght on our w•bin•r Fmalty. thank you to Uoyds Bank Fwndation f¢r their continued Support CONSULTANCYCUENTS Our te•m of co¥nsult•nts work with • T•￿e of tli*rtts from •cross th• s•¢t¢f. TW support projects on slr•ttiy. 1X￿niS•ti￿•I development, 8ovwNn¢•. •Y•lu•tion impact, and volunte•rin& We work•d vnth Ntrslty Role Models on their mbra ro t SUPPDri*d in yean ¢ne and two wrth we•r¢h. •luatiM, their theory of chanF, d•t• ¢¢IIKtion. •natyryis •nd reytine. 66 As part of a project that Libraries Connected are running, we set up a Training and Support programme for participatirlg libraries and this included a 5Ulte of online training delivered by NCVO. The training that NCVO delivered was received brilliantly by the attendees. It was insightful, useful and interactive, and feedback frorn delegates was that it was a really positive experience. The trainers themselves were really engaging and experienced, ensuring that the modules were bespoke to our needs. Communication with NCVO has been great and resources received as part of the training have proved really useful. W• fwrd th• af NCVO to b• outstatsdina Ind the t•arn h•w 84in•d ￿ ffl￿￿ from our partnof¥hip. Wofkin8 with NCVO *iN c•rt•inty • I•*t1￿ irnpact •Th th• rh•nty •nd h•$ bwi • hLV b•n•fit to ow thrw6h th+ t￿Ch￿ •nd CHIEF ÉDULAIION OFFICER AT DIVERSITY RQLE MODEL5 W• •l%o worked wwth Safer W•r*i¢kshif• Portnwship. 99 66 EMMA DANIEL PROJECTSAMD HNANC£ ADMINISTRATORAT UBRAAIES CONNEcfED NC410 to th• ofc￿￿. a kry Il•mw NCVO workd do5ety*ith us to ywthrtWKI th• cO￿t of 1¢ thi$ 4pyo•th •nd vstandry of thès•ctor *&ith MICK COLEHAN')TKfyTEGY AT WEP W*JIWICKSHIAE 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 I￿r tot•1 in￿rn• 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 ar*d 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 $4wrt tr•n more chafitie4 In more ways IDCMS). Tolil e¥p•ndrtuf• in¢r••s•d from E6.9m in 2023 to É8.Im in 2024. . We've recebved r*%¥ r•strict•d fun&in£ for bywcts Incl￿1￿ Powtr of kn•ll, building an tLe4rniD4 off*¢ 4Thd f¢f pr•¢ti¢•l supporL We cMtiThae to generats incom• fr¢m • FUNDS N•¢ in¢ofh• E4.2m 1Th 2024 t¢ E4.4lm. Thts ifieluded • É0.2m ga•n 4)n 1r1vestm￿t3 follovnn8 • £O.Im19s5 In 2023. The m•in source Of income from •nd bs £4.9m from Ch4ritits ￿"d FouThdat4on (CAF). Thls is up ty E4.2m from É0.7rn in 2023. Income fnxn dwTit•bl• •¢lr•ili¢% coThtin￿ to incf••S• iknnks to iAcrws*d in¢om• from ir•ih4 aThd cecific 5ki115 •nd •xyri•n¢¢s disclosures that Charit￿ are reqvirvd to tht thty bring to their porticul•r in¢lude Js i nott lo their x¢ounts. role. For NCVO to njn 51KC¢5sfully, • l•ry f•ye of skn'lls and discylin•% OUR APPROACMTO PAY •re f4uirtd. We fieed to pay people NCVO h45 •rovnd 86 5t•ff. S•l•fi¢s •pproprs•ttly to efisure that we c•r• fof the chief •x•cutiv•, ¢hi•f op•r•ti r*¢ru4t peoplt with the ri6ht skill officer and dir•cton •r• wt •Trd W• also Theed to r*¢ain stiff In a annually by our people, culture Ind cornp•titiv• m•rkei where their skills •n¢lusi&n committee. The yopl•, culiur• •r• rwaity tr•fisf*r•bl• io oth•r nd incFuw¢n committe• irbclvd or£anbUtions, boih in the voluntary sve1￿11t$ 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¢¢ t*ith 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 •r*d tske infl•tion, seetor p•y s•itl•ffWits ind NCVO'S finJn¢i NCVO has a position in r•Pr*$*fyti￿ th• wknle of the t¥olunt•ry ptrytion into •¢¢¢ynt. S•l•ries •fe Openly sKt¢r, Oyf ¢hi¢f ¢xecutwe, ehief st•tod iniob •d￿rt* oyr•ting officer •nd directors require W•'r• •rnbrti¢us for th¢ voluntary sector. breadth and d¢pth •f e¥ptrtise. This W• 6d••v• in rKiviting h*h-¢41ibre uires drawi￿ from lh• b*sl senw- CHIEF EXEcunvE. CHIEF OPERATING OFFICER AND DIRECTOR'S PAY l•v•l t•l•nt in • cornp•titive m•fkeL TFY to b* •bl• to c¢mm&nd the spect of thir wrs •mon8 m•mb•f5 thro4h thttr exper*nce and cr*dibil,ty. M•mb•rs r•nge from the SM￿leSt io th• very l•rg*st ¢h4rities. At the sbme lime. we seek 1¢> k••p s•l•ry ¢•sts vfithin reasctrnable r•ng•. Total r•mun*r•t￿n figures are salary plus ynsion contributions. Th* followi informatitsft txclud*s tmpl¢yer s national insuran¢e eofitributions (NIC) which are i￿[￿ded in the infofrnJt•tin ift not• 7. The th••f 1x￿Ut1¥* and the execut￿• team tnt*tl•d to rniscell4neotss benefiti. sueh •$ child¢•re vouchers. wknich have n¢t be¢n In¢1vd￿ h•r•. befTrefits are available lo all NOIO Chief èJÉ+¢utrv¢. thitf op*r•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•nY*in¢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 That￿n￿l 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 i￿reMentS to st•ff sbl•rirt ap•rt fmm on• avtomatic InC￿ment 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 I9￿62 to6 2024) D*K¢•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 H*4d 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 4￿5 86A32 11041 ¢i*yr• •nd (frtffj 30 January 2023) Lknctor OF W¥i¢•5 p•rtM¢sFH'pJ (ffr￿ I kn• 2022) 79.432 7,092 8($24 68,on IIN31 r￿(•5 (to 31 thy 2022) Int¢f*n kn•d •( policy •r¢h (lrtm I J•w t•6 2024) V.937 1335 19,672 41 PAY RATIO PAY GAP REPORT ratio of ¢vr h￿￿•St 5•1wy (E122.308) lo our mtdithn s•l•ry IE42.996) ￿$ 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¥* ¢hos*fi tts ¢10 twm ofid stoff hawe always been at the , •lon8 Wlth our ethThTrcity, &t￿bIlity, um• p•rcont•8e levvl until 2021122. x¥•l ori•nl•tirM •nd rdigion p•y gap inforrnotiDn. Beth*eTh 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 4*4¢d, foNo*ed 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 tl*re divtrse w¢rkfor¢¢ bring5, W• •r• 4159 w•1 a yy •w•rd of 2% •rKI • ratj on• committed to •doPtI￿ an irtt*rs*ctiork•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 dir*ctors, 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¢moTrstr*ivd from the th￿[ ex¢¢utry• •nd ¢￿tf our impact and succéss xross the Operati￿ officer. majority of ¢h•r•cter*sti¢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 $4l•ri•* tts m•rk•t d•t• •nd sector •s a whole. 50% of Ouf txecutive cofftctd Sbljries where they fdl b•loW are women and 81% of grados A ovr ply poli¢y. to C •re vrtjmen. . P•y g•ps for 2024 •r• kns th•n 4¢ross fo•Jr ch•r•ettristiC5. PAY AWARDS . Cmr ethnicity pay yp 15 13% Ibased on ¢h• mNn) T*thi¢h is ￿ ¥K1••5e ywr orl ye4f, . Th15 yeK we hw• st•rted to r•¥i•w intersectional data which 15 Providi￿ us with More det•ded and spe¢Trfi¢ Insi8hts. . Th• qu•lw bnd ¢ompl•t•n•s% of our egwty, dtvtrsity Ind in¢lus•on (EDI) &ts coffttinues to imyove year pn yw. We one of the only employers to puUi5h our pay 8aps across five FYot•rt•d dwr•cterbsti¢s. GENDER PAYGAP MEOIAN AND MEAN HOURLY EARNINGS At 27 March 2024 and l March 2023, tho m•di•n •nd rn••n mile ifid female hourty eamin w•r• as follo 'ff•r•n 2024 A•dD• 26.76 27.04 10.28) (1) 0.00 28.52 29.09 (0.57) (2) 0.33 The 8efid•r ply w Is minlmal for both the m•di*n •nd meon pay. Th• &ff•fenc•s •r• ÉOaB &t m*di•r* r￿ [0.57 at Both indrcjtors show fembles to b* ejrni￿ rnore per hour as ￿ avèr•y. HOURLY EARNINGS BY PAY QUARTILES At 27 Maich 2024 and l M•r¢h 2023. the rnw rnjle and female houfly eamin by qu•rtih •$ 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 rev4*wing tho earni￿5 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 ¥K*fften 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 employn*nL Thtfe will 41so be some •ddlt￿n￿ respM%&"lity PayITier*t> 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 Gr*d• 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) Gr*d• 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 • h*h*r 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 ¢W￿letiOn 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 Gr￿A 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 m*diarb is14%. Both gaps incr*•s•d y••r orn ytar and reguir* further exploration. We also exceed the ONS benchmark in E￿lInd 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 yo*s. 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 n￿n •rd median. DISABILITY PAY GAP DISABILITY MEA14 A14D MEDIAN HOUALY EARNINGS AND PAY GAP 2024 Non.dis•t4ed I￿￿y•￿5 sabled h￿rtY 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 di￿1• 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 kr￿ffl 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 k￿Tr 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 rK*t Ktjvely b• sh•ring their s•xu•l orient•tion with NCVO, W• r•m•in committod to ensuring our diKIpsuv• rates in¢f￿$t by ¢r••tffe • Psy¢h¢bgK41￿ safe •re•r*t￿li0rL SEXUALORIEtr4TATION MEAN ANO MEDIAH HOURLY EARNINGSAND PAY GAP M•an 2014 MuA2 Medi•n 21)24 2023 25,13 22.61 25.19 22.29 Gy Iwly 3828 29.92 40.33 25.51 mi 28.83 24.86 25.69 28.26 2227 31.21 19.16 ••rn• Oth•f I￿￿rtY 24.76 24.88 23.62 23.90 N•1 known Ibwrly 30.n 22,82 27.04 22,29 Th• h*h￿t prowtion Of col*ues It NCVO •d•ntify *5 heterosexual (66x1. The p•y sulK •nd hwdy e•rniDgs Within ih• id•titrfKation cate8or•e5 are f•irly b•l•n¢•d. It's important to note th•1 th• ¢olh•8ues who Klentify as 8•y men e•m £38.28 mwn É40.33 rnodian 8airist the mean of E28.83 •nd m•di•n of 125.69 fw heterosexu•l. This is •n houfly r•te differer*ce of •pyoximitely E10.00 per hour viiian¢¢ Il¢ss) ihm th•r colle¥ues *ho id¢ntify •% h•t•ros•xud, g•y ¥••m•nll￿bl•ry. or other. On looki￿ into thi5 furth•r Ft ¢lw h￿TlY wminy fw yy m•n w•r• b•ing disproportioNlely Impacted by a srn&ll nsjmber ¢f hi8h ••rn•ng colle•gues. When the%* 4r¢ r+mov•d fr¢m the figures the yy 8•p b•tween gry men •rbd the oth*r ¢4t•8ori•$ 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•¢ l*vAy ••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 r*1*tOr￿ *htr* ther* is no reliyc*n. or the preference li not lo say h•v• inrr••s•d ￿•1 w y¢•r. Th¢ •¥ef4e rhtr*n inere•se is •pPi0￿mIteIY 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 gu*st y•k•n, iimil•r to our recent all stoff events m•ii•8*rs. ¢¢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 . C￿lIn￿￿ to dffilop •Uf •nti-r•¢isrn urbd•rt•kiThg envirorKDent•l imyct 5tr•teiy os Part of our ¢Yver￿1 4uIIy, asses%m¢nts for •nnu41 pay reviewL dI￿r$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• ddreS￿ne tht ¢•uses of our pay 8•ps. 5trat*iy Is to move from ifKlusion to belon81￿ ¥thilst we continue to build . Delhvef rn￿* •W4￿n￿5 ¢•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 $4Jbsegu¢n¢ W• •r• •lso committed to •dopti pulse sufyrys to help teams io addfess •n inter￿tIon41 app￿*Ch when underrepresent•tion. d*elop,.￿ our d•t• In r*g•rd to . Continue to imyov• in¢lusi¥yty. protected charxt•risty¢k Th'5 will help Ir•nwr•D￿ and •qthty tht¢)u8h our us d•vdop deeper •nahnis to e•ns•d•r •rs•, ALrth•nti<, Revolutionary rnor• Tr￿nced initiatNts and ptomot• • •nd Emp•th•tDc (DARE), ond Rac• mor• inclusi¥* environment and a richv Equality Achi•¥ing Cultural Harmofty ¢ultur• for •M, IREACH) staff nrtwO￿S 4nd our LG8TQIA* rbetrf th• R•ifib ENVIRONMENTAL IMPACT Building on the re ort from our external independent environmental au Itors, we continue to work towards our tar et of becoming net zero within our own operations by This will be a loyer.terrn yojecL It will 114PROVIMG THE EFFICIENCY be aidèd by th• country'5 Infr•5tnJctur• OF OUR BUILDING de¢•thrbryn£ •$ th• 8•v•rnm•nt's own We've comp*led a I0.y￿r pl•nr*d 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•sc*nt 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 I￿ht1￿£. FUELLING posmvE CHANGE CAMPAIGN &rK• 1•unChi￿ Fu*lling Positive Ch•w umyign in Juty 2023, we'yè tripld numbéf OF ￿edge$. We now ve 33 chorities ￿r￿￿d yp. W• r•n ihr•• •v*nls •nd h¢%t¢d 4 yfiel •t Civil Socitty's ESG C¢nference. W• ￿ r•¢•*v¢d vtry positive feedback. IOOX of it1￿d￿S ot one event sa they will the leamine with oth•rs. One •tteThdoe •t ovr Cl￿1 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 do*Y* on food of external support•r5 agT•￿ th*ir w•st+ •nd d*lYveri¢s. organi￿tion 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 r￿W 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 Fuel￿nE 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 WnPre￿m*rSts ¢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 h*4ting •nd •ir nditton1￿ effiebeAtty • eonsd*r how VM m••swe Our Seope 3 LtsP arbd dowtsstrtam Imp•ct •ccur•te We'll take steps tg r*du¢* 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 suppli*ii 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 t￿lf ¢*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¢nf*r*n¢• suit• dele8atei irwestigate the f*asib*'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' str*te&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 dIg￿t inforrn•t•on whi¢h meets *t're Ilso SLtpportI￿ organisations to their IMM•d￿te •nd sp¢¢ifi¢ need* devefop theif volunteering pr•¢tKe •rbd Th•y •lsè th¢ obiltty ¢0 •ietWOfk amplifyi￿ the voiJr *+ider •dvK•¢y w•rk CREATE THE BEST ENVIRONMENT FOA VOLUNTAR Y OAGANISATIONS yur vfill continue to be h•rd for ch•ritwL C05t of li¥1 pr￿$￿1￿ ¢4)htirtue 10 5quMi• fin•rK•S nd Increas* need ifi e¢mmuniti*s. Government policies imp4ct th* w•y ¢h•ritle5 of all sile5 oper4te and th* c mémb•r ¢r within one yeu of c••sin8 tske re•son4bl• ¥t•ps to prevent and to be * mpmbw. detttt fraud •nd othvr *rr•8ul•rities. Th• trustees are fesptsnsiblt fw rnJint4ining th• cwporate and fiMn¢i•l ifiform4ti¢n •n¢lud•d on th• charity's websrté. UK le81￿•t10n 8ov•rnin8 the prewrati¢>n èrrfl d*sstrnirtalion gf th• firb•nrMI st•tements arbd other infofm•tioTh in¢lud*d In ropDrts m•y differ frgm ￿8￿•tIOn in other jUfisdi¢tions. 2006. At year end there were16,872 members. STATEMENT OF TRUSTEE BOARD'S RESPONSIBILITIES AUDITORS trust•èS Ire ftspDnsibl• for preyriftg the tn￿tee$ 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¢¢Unt￿8 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 t*k￿ all •ppropri•te steps lo m•k• th•ms•fv*5 •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• •￿QU￿tIng 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•t*m•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 A￿lting and pa¢ent {￿rItable cornyry B•l•rK¢ (UK) (ISAS (UK)) •rbd •pplic4bl• Sheets, the consohd4t•d C4th Fl•w law. Our fespor*wbilili•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 fi￿n¢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•). fv1fiI￿d Ouf ¢ther ethrc•l r•spon*b•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 c*f 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 fi￿n¢1 5tst•m•nts is 4pproy7•1¢. Based on th• wffjrk Iww• performed. we have noi d*rttifid •ny m•t•ri•l uncertasntiés fd•ti￿ to *vtnt> or ¢¢nditi¢)rn thoL irbdtyidually •r r%' r•port included withiTr thè trust¢•s' r•port h•v• b••n preyr•d in accordMc• with •pplic•bh l•841 requireménts. OTPIER IvfoRF.IATION The other inftrrmation comprisK th• Inf•rm•tion Included In the Report of thè Trystw 8o•rd, othef than the financial Jt•t•m*rtts •nd our •udwtor's rewt thér¢¢fi. The truslq•s •rv responsib￿ for the other infornu¢i•n ¢ont•ined v4ithin the Report of th• Trustw Bo•rd. Ovr oprmon on th¢ fiNn¢btyl 5t4t•ffl•fits does not cover the oth•f inf4ym•tion nd except to the extent ¢thefwise •xplicitly stated in our reprt we do not exprtss •ny fwm of •ssurance c¢ncluJ•on the¢¢on, Our r•spon5i6ility IS to read the other ￿forM*t1¢n ond, In doing so, considef *thethèr th• tsth•f •nf¢rm•tion is m4tefi•lly in¢oThststefit with the fin•nci•l st•tement5 or our knowledge Obtarr￿ in tho c¢)urse of the audil or othtr*is• •pp••rs to b• rn•teri4lly rnisstated. If we ideniify i¢J¢h m•teri•l inc0Tr51Stencies or app•rtnt m*teri•l mi5st•ternertts. are required t• det¢rmin• wh¢ih•T tlus gives rise to matefml mNt•¢tm•nt tn the finmcbal 5taternents thfrmskns. If, b•s•d on th• work we have pèrfomied, *e concl￿* th•t th•r• is • m•teri•l mi5Stalernent of this oth•r inform•tion, W• ￿ fQguir•d io reyt th•t f•¢t. We have noth.￿ to rewt in thii r•e4d. MArrERS ONWHICHWE ARE REQUIRED TO REPORT 8Y EXCEPTION In the lighi of t￿ knoWl￿£e arbd ndefstaThdi￿ of th* 8r¢up •od p•r*nt chafitJble company •fftd thth'r ¥iionmenl obtainéd in thè C￿r$¢ ¢f th• audit, h•ve not identified mèteri•l miut4tem•nts in thv 5trotegic report or the dice¢tors' r•port i(Klud•d with•n the Irusttts, afflnual r•port. W• h•v• nothin8 to repNt in fespeet of th• following m•t¢vs in ￿latIon to which the Compahies A¢t 2006 requ¢re5 U5 to rewt to you trf, In t￿¢ Qpinion; •dv9U•te KCOUnti￿ rttords h•¥t not b•en kept by the pafonl cknrTt•bl• c¢)mp•nyi or return5 ade9￿l¢ for •udit h•v• rbot b••n fecoived fr￿￿ bi•tseh•s n•t visit•d th¢ yr•nt ¢h•nt•ble companqs fin•n¢i•l st•t•rnents •r• I￿l Irb 8reement with ¢h• Kcounting records and rrtums: or cwt•in dtKloswes of trustees, rvnuner•tion wcthed ty law •re noi m•d•; or w* Thot rrf•r¥•d •ll tk Infomatiort expl•nations we f•gLMr• for our ad•t. of assur•nce is not a eu•r•nt th•t In audit cOnd￿tea in K¢ord•rK• Tffith I￿$ (UK) will •lwrf•y7 drt¢¢i • RESPONSIBIUTIES OF m•i•ri•l miMt•t•m••i¢ *h*n Jt ex•sts. TRUSTEES Missiitem*r*ts can •rise fforn fraiKb Or error and Ire Considered rnateri•l As explai1￿d 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 n*c•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%ibilrti*s. •uthr bov•. to dtlect miteriil missuttmmts IN respect of iffttjknfities, ificlld fraud. The extent to which our procedures are capable of detecting irr*gularities, Includi￿ fraud 15 det•¢l•d below: W• obtjind •n und*rst•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 th*s 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 Charit*es 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 e*YApatiy ￿th th•w li•n •nd rte¢Jlati¢n& Thest pr¢¢¢dufes included, were r￿t 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• coM￿Try.5 abl'lity to continue as • going c0Th￿rn. 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 liqU￿ate the group or the parent C￿lt￿ble company or to c•aw oyr•t•ons, or hw• r••li%ti It•rn•tiv• to do $0. AUDITOR'S RESPON5181LITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS W• b••n •ppnted •uditOf wder the Companies A¢i 2006 lod report irb •¢cordan£e with this Act and relevafit 1¥ulat￿n5 made Of havi￿ effect thereurth. Our ¢ty"•¢try•s •f• to obt41n r••son•bl• •m￿r￿¢• •b•ut wh•th+r thtr finarb¢4•1 st•tem•nts as o whole are free from m•i¢ri•l misst•t¢m¢nt, whether due to fr•ud or effof, Jnd to issue affl •uditorfs report that includes our opbnion. Re￿￿thI￿ assuranc• is • h%h l•v•l and rylatory corr•spond•nc•, leadi￿ to • matenal mNsiat*m*nt We also identified th• risks of In the finoncial statements or rbon- m•Qeri•l misstatémènt of the omplionce wrth re8ulatJon. This risk fin•rbci•I st*tem*nts dLse to fr4ud. incr•a%•s ihe More that eomplianee with W• e4>nsd•r•d, In ￿dItiOn to th• l•**• or rn8ul•tion is removd from the e¥ents rWi.rekntUb￿ pr•sump¢ion of a risk Jnd trartsktigns r•fl•ct*d in the fi￿nCilI of frawl arising ff¢rn m•nae•m•nt ststements, as vle will be Itss likely to become ￿*￿e of contrtsls. th•t th¢r* w•$ 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 addr￿￿d 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 per￿d 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 P￿ormed a¢¢vrately In line with th st•i•d method. We alw iderttifi¢d potentiil for m•n￿ement 6￿5 in the dtpf•ci•ti r•to •Ppl￿d 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$•d the risk of fraud afls1￿ ftoffl rn•n•g*ment ovefrKle of c¢ntrols by p•rfgmiin8 •udit procedure5 which lndvdod, but were not limited io.. thv twtine of journals: revi*rt•n8 at¢oufitin8 •slimat•s for e¥idence of bi•s; •hd tr4kn•ting lh• bu%in•ss r•ti¢n4Se of 4nknnt tr•nu¢¢ion5 that •ro unusual or •utsid* the norn)•l course of busin*M. 8•cw5e of the inherent l*mit4i•ofis of •n •udit, theTr ts a risk t￿t we will nol d•l•ct •ll inckKliry th USE OFOUR REPORT This report is made wlely to th• ¢h•rit•b comyny's rneml>en. •$ • 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 mem￿r$ •$ • 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 PIrt￿rshiPs Str•tegK commurhicatl￿S 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•rtr*nhips Stffaty cornmunicatK•r¢s and Insi ght M•mb•rsFMp Influ*Th¢i￿ and ￿8￿gerne￿t 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 $w•ffi￿1 offinwid O¢W•wISOFA) l•wi ifv th• y￿.￿ •al¥it￿ V• t￿1•P•￿￿* GROUP AND CHARITY BALANCE SHEET AS AT 31 MARCH 2024. COMPANY NUMBER. 198344. NCVCY 20 roo NCVO 2023 rooo 202 roo 202 f'oo 4.601 12 4.732 4.601 12 4.732 Int￿Ible fixed islets h¥￿trT￿ant% 10 11 3.171 3,000 3.1ll 3.000 7J84 7.732 7.784 7132 D•btors 12 5,507 1,503 7.010 C2,718) 1,129 1,590 2,719 12,4291 6,184 732 1,339 1,270 C4sh at èThd ift haf 6,916 (2,624) Cr•ditgrs: •mount% f•llin¢ due *nthin Of* year 13 (2.319) 4.292 12,076 290 4?92 12,076 ' T•t•l •si•ts l•H Gurr•Tht l••bilit• 8.022 8.022 Creditors: amounts falli éue •fter year N•t os•ts •I¢l￿•D6 p•ni•on 14 (1,164) (1,313) 0.164) U,313) 10,912 709 10,912 6J09 D¥fined ben•fit pensw)n h•ffj• li•&l•ty (1,831) (627) 11,831) (627) 9,081 6.082 9,081 082 Rffiiri¢t•d f¥n& 499 259 499 259 Unr•slrid•d fvn Pension fwr (1.831) 5.761 4.652 C62n 3,397 3.053 6.082 (1,831) 5,761 4,652 9,081 (627) 3,397 3.053 6,082 (655) D•s"pgnated funds Ge￿1*1 fvTrds Totsl funds 16 9,081 NCVO n•t mo4Ym•nt for the yNr The xccMJrhtiThe pol*ies rbotes on pages 65 - 89 f¢•rni p•rt of these fitk•n¢iol ststements. proNYd and authori5ed issue by the trus botrd and signed on their beh•lF. P•Jl 8fe¢kdl Honorary Troasurw 26 S•ptemb•r 2024 &n8h Chw'r 26 S•pt•mb•r 2024 STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 51 MARCH 2024 2024 I'ooo 2024 I'ooo C•th *l•ws fv•m •pw•tiD4•di¥rti N•t ¢Mh pmd•d by•p•¢•tM)i •eti¥iti Cash Il¢ws from Mw•stiry •ctiwryEi Lkn"d•nds •r*d iniwmt 18 239 256 98 purcha￿ of fixed a55•t5 (322) 1,092 11.231) (363) Proce•ds from s•h of inv•stm•nts 583, Pwchase of ir•vestments (575) N•t ¢•sh vmd by inv•stifii •cti¥iti•s (65) R*payYnent of loan (captal ar•d ifitefest) N•t r•th us•d by fift•nEI￿ •¢tiviti Ch&fi￿ in ¢ash and cèsh èqUbv4ltnts In the ywr C•5h •nd ¢￿h equ¥v•ler¥ts at the beginning of the ye•r C•sh and cash ¢guw•l*nt$ 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 Frr*n donat*)ns ad The finw*¢ial statem¢nts h Is cre&ted tc* SOFA been w¥ed undtrr thè histor￿4 th•r• is •vid•n¢• Of •ntrtlwTrt 1)5t eon4*niiofy 4$ t?￿dified r•uyt is ygbabl• •nd its •rf*￿nI the revaluation of fiyed a55et C4rt b• m••sur•d r*W, unlw it Investments in accord￿ r•l•i*> ipttth¢ futu￿ period. ith FIr￿nCilI 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 HI￿n£(￿r•Ful￿ consderod the 15 urKffts•nty •5 to *th•tF*r i iknt NCVO undertakes. ￿PP￿t 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 ￿e￿I•d. fin•n¢i41 pryèctions alw'de ITh￿rne from sales is Incknded In . Grant Costs of grant the t￿11￿ P￿1￿ 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 rewni*d Tr•r they are yyable. Casts pl•r*wd 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 aSK￿lIt￿ with the Jctmty. opernt• fw tl* fw•%•••bh futur•, Expty)ditwe •% •CcO￿tea 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¥Tt*5 4fid fu￿re fi•n&i8 Is prthKled ard di￿ret￿)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 oynMrtT￿nt5 e￿t, 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 Pa￿nt charTty's fwwicid wFKh ther• ￿ wrKo¥•r•blv VAT imtwments hm bp 15 thown *ith'n eKh f•1￿￿¢ ￿$1 Pres￿1￿ as e9￿￿lent &'5do5ww afVAT. are wilh ctytstitulioThl St•tU¢￿ wwern•nu •ny Costs 4$￿11t¢d ith the 5traty m)wernert of the charity's aCtI￿tie to the ofthirrt*l• •Xp*nditU￿ 6•sis 06 st•ff . s￿￿<•$1￿. G>5ts to Othtr e¢sts dirtttly r*Fate io • •ctphty or WPF4Xt costs t are allocated M the bay5 of the group K • xhdt. Corts of r•i%ir*furth In¢1￿*$ stsff tin*, st•ff nwnbeTh or •re4 •) Inwh• •xp•Aditure in r*kntitirb t¢ suff reltranL L•gxws ￿ r*¢ogr*s¢d whéfi th¢ memben who we &ectly W c) dwrty N •d¥ty¢d by iht pery4rbDI Confww￿ s￿tea￿a the r•knt•d The c￿TrtY miint4in5 th• fokn*ir ryeseNtstp**s th•t P•ytr*fit be rnmle or rrtcferty trar￿ferred ¢osts. •Thl *no￿t tThv(*4ed c•Th be quanttfied unless there are sp•ufi¢ ck)rrtèWeXp￿drtU1e 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 rty*seni fvrbd5 that are expend0￿* ai th* dis¢rttI￿ the tntstees in the fwth¢r•K• the oE￿tr•*5 of the chmity. >t rtter¥ed it th• bil•r*o 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 ' Defir*d ber*fit scF*me: ivrv •rKI •r• valued NCVO s d￿fir￿ benefit schun• at the 4VYth*)t o•t of •ry •$ ¢1g%•d to firtur* alkx4td by the trustffs fw )n T1￿bIl 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 c￿1 less d*prffi•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¥r￿ted ￿•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 e*went• 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. r*sultine From • pl￿ e¥wl th•t SOFA >wr. Fr•ddd ￿lId•re 50yws I yob•bly result m the tr*nsf¢r The costs of th* d•fwwd CRM sP￿rn 5 y•• of f￿d$ 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$3 th• •wnthture K••di Fixtw•s and fitbngslo >ws rec%nised at th*'r iettltrnent on thè SOFA Thrt• comFW th• Flant arbd equiryt 20 >wrs •lI￿nt •fter•Htrrtw* for nf#￿1 *xp*rtses of s¢h•nw • the finwKe cog1& Intan￿1• fixed •ssets We ststed It eose kss •r*wrbs•twry vAKh 15 ed In inst•lnwnls owr D Skn.t•tm b•i•fits the estimated usaul lif* of hkn• b¢fn prepwed ID respect Short.tern) bor*fits sets. The rate ofJmoniutkn OFNCVO •rd it5 di01￿ 5wr hplid•y p•y •r* ￿rOg1w5ed as sUb￿dIary NCVO Tr•diThd L*nited. in th• ponod in *+Nch the results oFthe subsbth'•ry h •) InwgQmw ¢￿¢>t•d In￿Stment$￿t vak*d •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 T￿￿￿t￿n 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 D*bt¢)rs arn rffowsed •t the $rftl￿t 4mpunt dw. kcfuod p•y•ble wdEr the by th• d￿rty to the fiJThl. The chority h•$ I￿1￿1￿ 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 d￿rity not bee 2 DONATIONS AND LEGACIES rooo [knat￿n$ ch￿tieS￿Jd 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$¢riPt￿ns S•r%ivs •rd p•rtnerthps Strat•&¢ <¢mmww¢•t#>M iod Inllu•n¢in8 md •nyym•nt T•tsl 1.594 .739 1,594 59 566 17 520 558 1,086 4￿33 Ii•nL• •nd 2023 rooo I'ooo rooo Membw5hip subKrytions 1354 Iy9 1,3S4 2.061 20 140 372 &rat•eic cgrTrmwiiutipns •nd Ins￿h1 33 310 682 L 3J81 1936 163 S CHARITABLE ACTIVITIES (CONTINUED) - GRANT AND PROJECT INCOME T•tsl fim& 2014. 20 E'ooo É'ooo rfi•ld w•￿{>￿ Pean Fwnd*ti I Zwich IT￿￿rInc• - Pko•nq Softw•r• - w•bsit• 15 40 40 19 ot￿r unr•strKted •fveom• uhd*r E15,000 25 39 163 B•tty ftkns•rw - pr•¢t￿￿1 wpport ￿ Helpdesk Dyrtm￿t fw Cultw*, M•& and Sport . Vrtion for Vdunt••nn8 Nèiiohd L)ttery Com1M￿lty Fund - RC En¢wvJ Wbd• IPoww gf kndl) Th P•opl• % Po%l¢gd• Lott•ry" •L*￿4 D•wtm•fit Fof cult￿￿, Mo& Ind Sport - 4 Help D•pwtrnefit for Gdtwe. Me&4 •nd Sport . rim• WeR Spnt Cty Brh48* Tiust - Smill Ch•riti 250 370 15S 200 51 95 33 25 N4bonal Lott•ry C4hY*Thmity Fuhd - A￿rdS f4X AI Sport - Va•r*i vol*jn￿￿I1l Cl¥Th•t• Col•b¢f•tw- Fu•lkn8 POSItN• ¢hbni• c•mp¥ Sh*il• McKrtkni• FtyJndatim- •nd in¢yty Sffl￿ Ch•ritiN Coditwi - Smdl eh•17ti•s 20 20 13 LW$ B￿k knnd•tLkVb- policy G•tF*ld W•ston- &pportJy sm•ll ch•rit Tudor Tr￿t - ￿PPOrt￿ smoll £h•rit• 4yim Trust . &Jpportity yhMII fhrit*g Nat￿1 Lattery CdfflffluNty Furyl- supp￿11￿ 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,$80 1.101 762 i OO Drdd*nds and int•r•sl 6 EXPENDmiRE Si•1 GI￿ S¥y*i 139 514 ZP27 92 1033 6Q 15 224 221 1,925 6 EXPE14DITURE (CONTINUED) rDOQ 18 1.048 2.947 103 15 875 15 408 l.S10 92 92 112 IJ06 4•10 Thher eyns•%' YKlwJe 1lmillK)n12023.. EO.7milw), •9uiwDent I IT É02rrnllion (2023: EO.3mil1￿ry) •nd ¢ffi¢• ¢vsts £O.lfflikn (2023: EO.lft*ll•tsnl. C4fflfvswYgYdud•sf••5 pawj to 455ociths •rtl fredarKer 2024 1023 i E'OOO j L rooo 329 316 nmathtib)h ￿$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 plYff￿￿*V* m•d• to tF* &rytheyw. T•tsl k*R44 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 p*é 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 t*fm*i•lKm ￿$t* R•cnJitm•nt 5S 17 Other rtkndint ¢empof4ry stiff staff tr•iM¥ T•t•l 387 23S 5386 4,561 Th• mr•y of •mplty¢es IFTES) durin8 th• yur WM," 2024. G•n•ratI￿ hmds S*rYités *rd partr￿1P$ Striteeic ¢QfflnWlC•N*ns 4r•d 1ft￿ht 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¢rff*utiM •r*d 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 •boVe￿ff ¥¢ fbxmb•ry of1￿ d•fiMd Contri￿ pns*)n s¢hthy* (2023: fwr). ¢Wrent￿ pay￿(0n￿￿Utlc￿ 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 termI￿tIon ￿etst1. ¢J*r•ll, tF*r* weo ftyJr terrr¥nation p•ynMnts Wt•llMig E54.566 (2022123: 116.437 to one pww). W• h•M c*'d*ith our f¢r tvuA••s ￿ s•ttKypy for senior s￿ff IN ¢h¥ili¢& In •d&t to the wa•tcry ryIrvT￿nt to the nLKnbef ofemplws in p•y b•nd$ 160.000 to t￿ total ernthetr b*n•fit3 by kry went ptrn4)nhd, ** akn pubfish th• na￿*5, rdes rernUnerat￿n of •x•¢utiw• t•¥Tr, *ith an eX￿4n•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 I￿￿t028￿￿Y 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 79￿8 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 J￿j￿ry 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 oth*f 17 D•prK1•t￿ft is•tion 306 304 Losi ¢* diiposd of fix•d 8•nk ch•￿•$ B•nk intere51 - on knadffte Its TfUito*i' 13 17 90 No menknof the trustee bo•rd fecw•d wy reTrx¥neration ￿n￿th*Ye*r (2023; Ernl), Ex￿n5￿5 & r￿t form p•rt of rwThJneration and af• s*p•r•t•lydisciwd below. TfVStee5 beh'ert thji th•¢• •r• ￿￿•t• systeffls in plK• to m•w•xpen5esand that e¥p•M•s in pun￿1 of NCVO'S dh•nt•bl• In wse to thè iyt ofth• Ind•wdvnt Grwp on Experw set up by NOIO •rd Chrity Fir¥r*e Gr￿P to 8•thof Infcymatiofi èhd evthce an th¢ d￿1¢¥￿￿e of exFonses ty wtw*d c￿rItieS 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 Twmburs*d 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￿$. 202 2023 Ex•¢￿￿+* t••m chIef￿¢￿tI¥* 2,8S9 3￿76 1,885 125 8,74S 4224 Cht•fopv•t1￿ ¢ffi¢•f re¢tor •f ¢nflv•n¢iry •nd t￿•Éement Dir•rtor of peopl•. cultur• •nd •Thclu¥oh 1.987 37 4,678 1.993 845 915 303 2.063 're¢ior of •r•d p•rtnerships (h(wn*• 2.787 3.791 3,908 (h'r•rtor Qf str•t•gi¢ eommuniuiions and ID$￿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•*I￿ld land ￿ prOF￿rtY 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 rna￿￿1 •rd tr41￿ m•t•NI r•l•bngto ynall 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 2*24 1,420 1319 T•tal 14 CREDITORS: AMOUNTSFAWNG DUE AFfER MORE THAN ONEYEAA NCVO 1023 £'ooo 2011 Mwn6*r%hip drf*rr￿ 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 t￿1 with B¥dJys Bart& t¢ fvnd • kn,1d￿ constr￿¢1￿n 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: Cr*ditQV5: •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 8*in8d*fwt•d i￿Orn* w•chJd•d fft." Cr•dIt9￿ •mgunts flkn8 du• *ryth#i rKwJ 1,434 Creditors: filhne due *1￿ Th￿r* 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 ¢tywYltn￿ts M It 31 Mwch w*r•: 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) 0￿31} (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) D*F•rY*d memb•rnhip du• th 62 2S9 459 4S9 (85) (85) (85) p￿$10￿ fund (627) (627) 11,39TJ 0,397) 4709 039n 082 T•tsl 1053 259 (627) 17MOVEMENTIN GROUPFUNDS UNRESTRICTED AND OESIGNATED FUNDS fvds ¢f th• ¢lwity wKlud• th• fokn¥wgde5%nated fund5 hm b••n Mt of urnutrict•d nds by th• trust•K for w¢iFK pup5•k 11 "'Ii rÉio ro li M•r¢h 2024 £x)00 FLvea *ss*tS 3,332 28 51 3,383 1.341 Pi•p•rty m•int•n•Vb¢• Strntw d irnplemèntsliofi it•1 In¥estrn•nt 1.313 1.000 1,000 37 (62) 62 37 D•siiA•tsd fw G•n•r•l fvnds 3￿7 3,053 (62n (62) .02n {128) 2M26 (2.740) 314 5,761 4,652 (1.831) 8,582 11,189 (1,390) (1313) Totsl %823 11,189 Cl2in 202*: £'ooo 2023 Fix•d •ss•ti 3,153 28 179 3.332 28 37 (92) 92 37 (4) Equrty, d¢v•rwty •rrfl 18 (18) , D•*yat•d fiMbd5 3240 3,407 014) 271 3,397 3,053 (627) 6.449 16,141) (110) (578) (84) Ptnyon f•s•r¥•s 307 (8241 , T•t•l 6,647 (43651 (908> 823 TnJrtee5 d•s%n•tsd f¢f pi*c¢s of rf ¥Klu*. Fix¢d wrts Th￿S fund ry•sents the levd of NC4tr5 r•s•T￿ ¥M5t•d in fwd •wts r•et tsn&i4e fixed as*ts less ￿?￿$ t￿ loans ar• u5•d to p•rt th•s• ¥qUb*t￿11). Tris fvr4 15 to support rn•ntwnce of Soc*ty &J&li Stf•tegy dml0w1￿t iryl wnplttTr•nEbt Tr4$ furd is supprt lh• d•N*loFwrthit vd irylementation of • strategy for NCVO hrm 2025126, Tntstees h•ve •llo¢ated fvnds r•%•r¥*s ftr• nunkn Ofd￿til the of• new tN•b%it• ¢th• p•yYnmts •IP¢OJT•PI*AIICI41 •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•Mp￿D SW• hkKttl*i•• 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 H*lp C%At D*p•trn•rt kn GJlwr•. M•dii Sptsrt - f*n• W*ll 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 Effl￿￿4. f•r v￿￿11t (20) 15 q8) VduDtwr Enl•r Vduhtew kDtl•rNI 41 15 Sm•N Ch•11￿ co￿1 iW$ Fvdnd•tion- Pal V•￿￿￿. Pubk TN 13 {13) CSIS c￿lty FWKI: W•r1i￿1￿f • 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"￿￿p￿t for small chJrit*s voknn* Wti¢w the Iw Oft￿ Ch•ritiN Co•StiOfL f0$511 fvek P•vmf irt•griY. Sh•1• M¢K•¢hni• Fwnd•tion: prorn fo ￿Pport •&ptiry holisti¢ Fvoaches for or8￿1$&t￿On$ lo with thie8r7ty. '1 Po￿•d• L•ttwr. For the derfeIcyT￿rt ofan eLe¥nI￿Pkn to 5upF￿ . Po¥fflr ofSmdL. N•tipnd L•tt•ryCwwrnV￿y Fw&. DMkp7￿nt phK• t¢ It￿r¢￿ •rnl test how infvJstnKtw* bo¢hrt c•n b•st support smdl %dwiUry ¢Y8•Wiiohs in • stsJt&n*blt Sm*K 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• K￿￿1￿). CSIS Ch*rity F￿. kr * knrun•L. ￿r$•fleS for people I￿e Wofked in the st¢¢or who Wbsh to tr1•￿ ¢¢WS¢S 4ydu to transfeff theif skth to thè%Th)knTrtwy sector. RESTRICTED FUNDS 2022123 roo Th• N•tNwl Ltstt•ry Cornffwnity F￿￿. fh4itsl 43 (43) c￿tr• l¢r 4•¥y W•l.. *Ofri•fi+ irKIwi¥• <26) H•lp4•5k and Uoyth 8•nk Fouhdrt*i.' G•rf*dd W•siM.. Sm 25 (13) 12 20 (20) Tmt: SMO ch•riib 15 •n(* Spwt . Vrfiw hr VGkntyt*enr* O•panrn•ni f•* C¥1￿, Swt . frn• W 155 95 Thv C&rn•t• Ci PD%ilivt c 134) N41irmal Lott•ry Cornn￿Thty Fur4 . S¥ppww¥¢h•fil*l throyh th¢ C•Xt rjf Irw io V*iwL. Tr￿# CSIS Owty FWKI, for • Ch•frty Oth (515) Those area5 V•ith restricted fvD& to be cwitd for¢rnrd into 2023124 d•xfflb•d b•low: Ay-friwxly and indul1￿ ¥dun¢••riry.' C•ntr• for Aying B•tt•r. A prry•ct to•rnbod syead th• conc•pt •nd prJctK• of age mdusi%* volunteenng. For iht prowsp)n ofonpng %t*w•rdJMp dth• Codv. Hdpd•th y•ctied wpporL B•tty M•*s*w Fwhd*tiofi ind G•rfi•ld Wwtm: Oly'￿ sup for small ¢hafltiÈs and woluntary0r￿r￿$ar10ThI itsdLthg ctsnttsnuing the le8xy of the &nal Charit*3 Co•litio Tknawn•¢• Chwy fordln5tm￿t frorn fossd fi￿$. Pw•r •nd hil•£rity: Sh•il• MCK•¢￿ Fo￿￿tiOn. kn IncU￿tiOn to •doptry hor￿tiC pproa(htt for o￿an1$al￿n5 to work vllth Integrity. li¢ Tryrt.. Wtyk to pr•ww public Intst •nd conFKlvK• in thè $4¢tv. L••d•rnFAp Oyw)., L4•¢y f¢f lewJer3Kp (WintFred TLmim) and for music fpr p•opl• with Iwr4 dth¢ulty'es (0￿￿ Kur)m￿). CSIS Fwd: Wwkiry f•r• awity bwwi•J: for peo￿e h•¥e vrt*ked pthl. cl¢r *+K• *Kh to •tt•nd its or&r to knrnf•r t￿¥r skilh to th• s•Ltor. OTHERFUNDS.AGENCY NCVO •lso m•n•g•50tFw ¢K•rit•bl• frxd* w bthdf¢f th• trysts ht•d betw thwh its irh*St man•8*r% UBS. Th• Lth¢hTN￿. T¢ pay ir*ome •ndl¢feaprt•l of th* to$￿ d￿ritIeS Ot f¢r w¢hthvit•b PIW •5 t￿ mry fr￿n time to time direcL Th Initit￿. Th• P•mwrnnt Trus￿ s￿11 hold t￿trUSt ￿MIseS UFx>n trust to p•rTr¥t th* wn¢ to ￿ vs•d for of phy%K•l •nd m*nt•l rocrn•tion •nd %Kt•l •ntelkctu dthdjpment th¢cW the M￿￿M of r¢•d￿ •nd recrt4tw room I+x4ry l¢ctur•5 cl•sws r*uvtims entwtsinm*nts or othetwise as may be fouThd *xpt&ent for tht benefit ofthe Inh•&1￿1$ of th• Worth W¥d of the Parish of Wwth in tl* COuntyofkn￿ aThl its Imme(ht• ￿r￿ty 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 s*ttlty& 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 b￿k •(￿1nL These are exckKled from NCVCYS ¢¢¥nts, Most of the firn•l disiribuiions from Th• ￿•£n￿TrUSt 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•pt*Cb•¢?on Amortisltipn 4,389 169 306 s on th"w5d offi*d Mvtj (GI￿) l ¥wrttm•nts Lknd•nds and int•r•st From ir*•*llm••its Ifit*r￿t on b•nk1o (117) 199) Non.e•ih differèneé bèt*e*fi dtrfifi•d knéfii penli t¢)ntributh)ni Pbd ahd imount tknr8td ￿ SOFA IrKrt•s* in d+bton (186) (4.378) 309 (19T) 1302) I￿r••5• in u•drtors 227 Pf•¥i&d by •p￿￿1% •¢tiYit 239 19 POST-EMPLOYtr4EMT BENEFITS ¢h)rity oprates pension scF*me% • defirnd contsibJt•on Pth￿n 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 £¢￿tri￿1￿ 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 rw*et 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. ittyrd*ni 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•mploy*r has i*th the try5tee5 th•t rt WAI atm to *SM*￿tE tl* deficit by 31 DKerd)er 2029 by pwrnt of •Mual ntribvtims of 1216300 p*r￿r￿n (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 Isc4J￿1 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 t￿09 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 b**fit o D•fi¢ii in It•bd' Recorwllot￿n of cl*xin8 bal•r*es of the defined benefit oUi8ation zo24 £'ooo 22,518 2ozJ E￿00 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¢F*me 2024., 2023 £bo 30,344 835 (110) (8,674) 307 1811) 21.891 F•ir valu• of Kh*m* •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• ns*s 2024 2023 l••Mykna tho SOFA L935 On 5¢hem• Ms*ts (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•5￿1 ¥olw of th• ￿h•m1 Iv4biht G••Th from lh• ¢h•nt• in •mou*t thii is r*)t recty¥wablè (•xclud- 236 8,626 634 T•t*l 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•r*tfit ¢h•nys th•t it Trs Urthrtakn.￿. Thé ¢ont*nt of thest makes r•u dlow•rK¢ f¢r, w ftftr*n¢e 1¢, thp pot•ntsJl ovt¢Th of 20 CONTINGENT LIA81LITIES Th eh•¢ity w•s I￿•fi•d * th• trvrtw¢f th• C￿rity's d*firnd b•fftvfit P￿￿10ft sthwntof a pJ55ible f4Uity that eiisied at 31 March 2024. Thrt fdrt•s io Fthtid furtlw b•rw6ts pwble to mernbers of the 5cl*me de from the way bentfits b•en chan8*d 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.￿ Clari￿tIon tknugh th• t￿rtS to coftfivm t￿ iryxt ofchwces wodd cwted •dditin)rth)I ber*fits 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 tr￿1￿ subsh4i•ry, NCVOTrth* Lirr*t44 is Ii•bl* to tsx on p￿fitS 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 Tr￿Ing LiThwted. Thècompary m•dt • w¢fit ¢f EI,129,000 for th yt4r *Thled 31 202412023: £923.000). Th• irp￿tment 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 If￿r on• (584) I ¢h•rity numh•r 225912