CSV closes Springboard Scotland after fall in available contracts

Volunteering and learning subsidiary made its 15 staff members redundant at the end of last year

CSV
CSV

Springboard Scotland has closed, making its 15 members of staff redundant.

The recently-published accounts of the CSV Group, which comprises the parent charity CSV and its Springboard subsidiaries, says that the reduced level of contracts available to Springboard Scotland "made the company non-viable".

The Springboard organisations provide training and vocational education for unemployed and disadvantaged young people.

The report filed to Companies House says: "A small amount of work has continued into 2012/13 but, unless new work is secured, the company will become dormant and charity and company registrations will be reviewed."

A spokesman for CSV confirmed that Springboard Scotland was now "dormant". He said its 15 employees lost their jobs at the end of 2011.

The accounts show that CSV Group’s income fell by nearly a third in the year to 31 March. It dropped by £10.8m, from £33.3m in 2010/11 to £22.5m in 2011/12.

The majority of the fall was down to lost funding from central government. The volunteering and learning charity had received £5.7m from the Future Jobs Fund before the scheme ended in 2011. The strategic grant it received from the Cabinet Office – worth £1.1m in 2010/11 – was also terminated at the end of that financial year.

CSV Group’s spending fell by £5.4m, to £24.3m, in 2011/12. A restructuring of the senior management during the year included the redundancies of two directors.

The accounts report states that the future context for CSV’s work remains "extremely tough".

The CSV spokesman said: "Obviously lots of charities and companies have been put in a similar situation, but actually we have got a strong operating base and the charity as a whole has been winning new awards and support, so we are confident going forward."

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

Forthcoming Events

Social Media Exchange

  • Mon 8 Feb 2016
  • Resource for London, 356 Holloway Rd, London N7 6PA

CHASE 2016

  • Tue 16 Feb 2016 - Wed 17 Feb 2016
  • Business Design Centre, London, N1 0QH

Fundraising Week 2016

  • Tue 19 Apr 2016 - Thu 21 Apr 2016
  • London, South Bank
RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Is your charity doing enough to protect itself against disasters?

Wendy Cotton of charity insurance specialist Markel explains the importance of a disaster recovery plan, to keep your organisation in operation should the worst happen.

mydonate

Expert Hub

Fundraising advice from BT MyDonate

Five low cost tips for creating compelling video content that thrives

No matter what size your budget, there are some simple tips that can help keep costs down