Acevo’s income sees first increase in seven years

31 Jul 2019 News

Acevo, the umbrella body for charity chief executives, has reported an increase in its annual income after seven successive years of drops.

The organisation's annual accounts for the period to March 2019 show it had an income of £1.0m, up from £888,000 the previous year.

However, Acevo’s fundraising income from donations and legacies more than halved from £130,000 to £46,000.

Its overall increase was instead largely due to a big rise in income for its training and development services, from £71,000 to £183,000.

The organisation’s income from its support services and projects also grew from £49,000 to £81,000, while it drew in £36,000 for its new policy and representation services.

Acevo’s income from membership fees grew marginally from £472,000 to £480,000.

Meanwhile, the umbrella body’s expenditure also rose from £826,000 to £885,000, as it spent almost £50,000 more on its training and development services and over £20,000 more on raising funds.

Reserve levels at 31 March were £264,000, which was within its target range of £255,000 to £510,000.

Membership growth

Acevo’s membership network grew from 1,105 members to 1,195 in the year to March 2019, lower than the 33 per cent increase recorded the year before. 

The organisation said it achieved an average annual member retention rate of 82 per cent, two percentage points higher than the previous year, and that 70 per cent of members engaged with its benefits and services in some way during the year.

Rosie Ferguson, the organisation’s chair, and Vicky Browning, chief executive, said in a foreword to the report: “2018 has been a good year for Acevo, with a growing membership base, increased engagement, financial stability and impactful work.

“As a new chair and chief executive partnership, we both look forward to continuing to deliver for our members to enable them to make the biggest difference they can.”

Future plans

Acevo plans to launch a new website and a refreshed brand in 2019/2020, according to the report.

The organisation planned to launch new website last year, but the “project timelines shifted” and it now plans to do so this autumn.

Its board approved a “refreshed” brand designed to “inspire” its members in March, which it plans to launch along with the website.

The report also highlights the charity’s new podcast called Leadership Worth Sharing, which launched in April.

Civil Society Media's Charity Finance Week takes place in October and this year the theme is Accounts and Accountability. Find out more about the events taking place. 

 

 

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