Share

The Conservation Volunteers' income drops by 40 per cent

The Conservation Volunteers' income drops by 40 per cent
News

The Conservation Volunteers' income drops by 40 per cent

Finance | Vibeka Mair | 5 Feb 2013

The Conservation Volunteers has seen its income drop by 40 per cent for the financial year ending 2011/12, due mainly to the loss of its market share in welfare-to-work schemes with the introduction of the Work Programme.

Recently rebranded from BTCV, the Conservation Volunteers’ (TCV) income plummeted by £15.7m from £39.4m in 2010/11 to £23.7m in 2011/12.

The bulk of its income drop was due to a loss of £12.2m in training income from employment contracts run by its subsidiary TCV Employment and Training Services, which had delivered the previous government’s welfare-to-work scheme New Deal as a prime contractor. 

With the introduction of the Work Programme in 2011, TCV delivered services as a sub-contractor rather than a prime contractor and lost a substantial amount in contract income.

Its accounts state that: “A significant shift to larger, cash-intense contracts in the welfare-to-work market impacted significantly on the financial performance of the charity during the year.”

Along with contract income, TCV’s grant income also fell sharply by 50 per cent from £10m in 2010/11 to £5m in 2011/12.

In response to declining income, the charity undertook a significant restructuring exercise over this period which led to 137 job losses, taking its total employee numbers to 605.

Since March 2012, TCV has undertaken a number of significant changes to its staff, including the appointment of a new group chief executive, Julie Hopes who replaced long-standing chief executive Tom Flood. The charity also hired a new business development director, retail development director and new fundraising staff.

In 2012, the charity rebranded from the British Conservation Volunteers to the Conservation Volunteers.

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

Get involved or risk bad charity policies, fundraisers told

30 Jan 2015

Fundraisers need to be more involved in policy-making or risk the government “losing the plot” when...

Unicef launches record £2bn appeal to combat 'new generation' of crises

30 Jan 2015

Unicef has launched its biggest ever appeal to raise funds for "growing numbers" of children experiencing...

CFG policy head questions 'worrying' comments by Bubb over 'too many charities'

30 Jan 2015

The new policy head at the Charity Finance Group, Andrew O’Brien, yesterday labelled as "worrying" comments...

Shawcross reappointed as chair of the Charity Commission

29 Jan 2015

Francis Maude, minister for the Cabinet Office, has reappointed William Shawcross as chair of Charity...

Commission shows ‘real improvement’ but many concerns remain, says Public Accounts Committee

29 Jan 2015

The Charity Commission has been praised by Margaret Hodge, chair of the Public Accounts Committee, for...

Commission to investigate charitable school over private benefit from leisure centre and dating agency

29 Jan 2015

The Charity Commission is set to open a statutory inquiry into Durand Education Trust, a charity connected...

NGO domain pages will launch in May

28 Jan 2015

The Public Interest Registry will make the .ngo generic top-level domain name generally available from...

Comparison website for special needs services launched by charity consortium

23 Jan 2015

A coalition of social care charities has launched a TripAdvisor-style website, designed to help families...

CRUK debuts contactless giving through shop windows

21 Jan 2015

Cancer Research UK has announced a collaboration with outdoor media owner Clear Channel to bring contactless...

Join the discussion

 Twitter button

@CSFinance