NCVO working group to look into future of sector finances

Andrew O'Brien of the umbrella body says the group, which will include the heads of other organisations, will examine the trends emerging since the recession

Andrew O’Brien
Andrew O’Brien

The National Council for Voluntary Organisations has set up a working group to examine the future of the voluntary sector’s finances.

The review group, which will be chaired by Sir Stuart Etherington, chief executive of the NCVO, will include the heads of the Charity Finance Group, the Institute of Fundraising and the local infrastructure umbrella body Navca.

The review, which will look at areas including trends in the voluntary sector’s finances since the economic downturn, will produce a report that will include practical advice on how voluntary organisations can become more financially sustainable and recommendations to policy-makers on how to improve the financial sustainability of the voluntary sector.

Issues to be examined include changes in voluntary income, the role of social investment, the growing role of trading and pension deficits.

The group will begin asking for evidence next month and is expected to produce its report towards the end of the year.

Andrew O’Brien, senior policy officer at the NCVO, said the group would 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," he said.

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