The income of the National Council for Voluntary Organisations rose by 14 per cent in the year to March 2013, excluding income from its merger with Volunteering England, according to its annual report and accounts, published today.
The NCVO’s total income in the year was £8.94m, compared with £7.39m in 2011/12. This includes £542,000 of funds transferred after the merger, which took place in January.
The NCVO has recorded rises in voluntary income, up from £1.65m to £1.93m, in grant funding for advisory services, up from £2.21m to £2.61m, and in grant funding for campaigns and communications, up from £170,000 to £600,000.
The charity’s expenditure rose to £8.28m, from £7.08m in the previous year.
The NCVO saw a large rise in membership, from more than 8,300 to more than 10,500. This was driven partly by a decision to offer free membership to any charity with an income under £30,000, up from the previous threshold of £10,000, and partly by the introduction of 1,400 former Volunteering England members.
Despite the rise, income from membership subscriptions fell from £961,000 to £836,000.
During the year the NCVO spent £1.96m on fixed assets, mostly the development of its building, where the NCVO is adding an extra floor. Of this, £1.22m was funded by a loan, while the remaining £741,000 was funded from reserves.
The NCVO said that at the end of the year "readily realisable reserves" were £2.15m, compared with £2.04m in the previous year.
The highest earner at the charity received between £120,000 and £130,000. The charity had 100 members of staff.
"This year has not been without challenges for NCVO, but we are perhaps now stronger than we have ever been," said Martyn Lewis, chair of the NCVO, in his introduction to the report. "I was particularly pleased that we successfully joined forces with Volunteering England, in a merger process that went with hardly a hitch. NCVO has become, and will continue to be, a powerful advocate for volunteers and volunteering."