The income of the National Council for Voluntary Organisations rose by 7 per cent to £9.6m in the year ending 31 March 2014, according to its annual accounts.
The accounts, published today, show that the umbrella body increased its income by £649,000 against the previous year.
Discounting £542,000 of incoming resources from its merger with Volunteering England, this made for a rise in income for continuing operations of £1.2m.
It is the second year running that the NCVO’s income has grown. In the year to March 2008, it had an income of £13.4m, but this declined in every one of the next four years, reaching a low of £7.39m in 2012.
Major components in the increase in income were a near doubling of fees received for services, from £401,000 to £743,000, a new Arts Council England cultural commissioning grant of £310,000, an additional £204,000 of donations through the Charities Aid Foundation, and an extra £95,000 in member subscriptions.
It ended the year with 10,846 members, up by 8 per cent over the past year. The NCVO said that 94 per cent of members renewed their membership, and membership numbers have since exceeded 11,000.
However, year-on-year net income from several grants from the Big Lottery Fund fell by £239,000.
Spending totalled £8.9m. Slightly more than £4m of this was on advisory services and information, up from £3.4m the year before. The second biggest area of spending, campaigns and communications, dropped from £2.2m to just under £2m.
The NCVO employed 106 staff, up from 100 the year before; reflecting the spending changes, its advisory services and information team rose by six people to 47, while its campaigns and communications team dropped by six to 24 staff.
A defined benefit pension scheme, which the NCVO closed to future accruals in March 2011, now has a liability of £3.8m, which has risen annually from £2.5m at the time of the scheme’s closure.
At the end of the financial year, the NCVO launched a new five-year strategic plan, and it has since announced that Charities Evalution Services, a charity that helps voluntary organisations become more effective, would merge into it by the end of 2014.
Sir Stuart Etherington, chief executive of the NCVO, received total remuneration of £137,472 in the year. He was the only member of staff to earn a six-figure salary. For the fourth consecutive year, Etherington and all other staff received a 2 per cent pay rise.
Martyn Lewis, chair of the NCVO, writing in the annual report, says that raising concerns about the lobbying act, tackling issues of the sector’s reputation and the implications of the merger with Volunteering England were among the main challenges in the year.