The National Council for Voluntary Organisations saw its income fall by £1.1m last year, according to its latest accounts.
The umbrella body’s accounts for the year ending 31 March 2017, which were released yesterday, show that income fell to £8.2m, which the accounts say was due to a number of large-scale, time-limited projects coming to an end in the previous financial year.
Income from charitable activities fell by £1.2m, due to a reduction in restricted-project grants and contracts.
The number of staff fell from 109 to 95 over the course of the year, which the accounts say is the result of a restructure in March 2016.
But there was an increase in income from donations and legacies, from £1.6m to £1.8m, with donations from the Charities Aid Foundation accounting for most of that figure.
The accounts say that an increase in income from membership subscriptions, conferences and delegate fees, and a 3 per cent increase in trading activities, with income reaching £3m for the year, helped to offset other reductions in income.
Expenditure fell from £9.5m to £8.4m, and staff costs were £5.1m – £1m less than in the previous year.
The NCVO made a £600,000 actuarial loss on its defined pension scheme, according to the accounts.
Sir Stuart Etherington, chief executive of the NCVO, will earn £138,627 in 2017/18, the accounts show, and three other senior members of staff will each earn £88,117.
