NCVO review to consider future finances of the voluntary sector
- Thursday, 12 June 2014 00:01
The National Council for Voluntary Organisations today announced the launch of a major review into the future of the voluntary sector’s finances.
The review will cover issues including:
- changes in voluntary income
- future funding relationships between government and the voluntary sector
- the growing role of trading
- the role of social investment
- changes in corporate giving
- pensions deficits.
Led by NCVO, the review will be directed by a steering group comprised of the chief executives of Charity Finance Group, the Institute of Fundraising, and Navca, as well as a representative of the Small Charities Coalition, and Andrew Hind CB, a former charity senior executive and editor of Charity Finance.
The review will assess the financial sustainability of voluntary organisations, identify trends that have emerged in the income, expenditure and assets of the voluntary sector since the recession and provide analysis to enable the voluntary sector to plan for the future.
It will also make recommendations to policymakers on how to improve the financial sustainability of the voluntary sector and provide practical advice and support to help voluntary organisations become more financially sustainable.
The last major review of the sector’s funding was NCVO’s Funding Commission, established five years ago in February 2009, which reported in 2010. Public spending changes and economic downturn have since had a major impact on the sector’s finances.
A call for evidence will be launched in July, with a final report expected towards the end of 2014.
Andrew O’Brien, senior policy officer at NCVO, said:
‘Charities are having to adapt to a fast-changing financial environment. In particular, we’ll be examining the trends that have emerged since the recession. All organisations are grappling with how to improve their financial sustainability and the review will provide analysis to help them plan for the future.’
For more information