Volunteering England saw its income in 2011/12 fall by more than 50 per cent compared with the previous year, according to its annual accounts published this week.
The umbrella body saw its annual income drop from £5.46m to £2.68m in the year to March 2012, largely down to the removal or reduction of several large grants. The number of employees fell from 56 to 26 during the year.
Income from the Cabinet Office’s strategic partners programme fell from £1.66m a year to £500,000. Two other major funding packages, £510,000 from Capacitybuilders and £970,000 from the Department of Work and Pensions, were not renewed.
The income figures are not as low as previously thought: the organisation predicted its income would have fallen to about £2m in 2011/12 when it announced it was in merger discussions with the NCVO.
Volunteering England’s chief executive, Justin Davis Smith, will take up a new post of volunteering director at NCVO when the organisations merge, which is expected to take place in early 2013.