The Conservation Volunteers' income drops by 40 per cent

05 Feb 2013 News

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.

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.

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