A review of charity sector finances has been jointly launched by the NCVO and a coalition of other sector bodies.

The review will be led by NCVO and will include the Charity Finance Group, the Institute of Fundraising, the local infrastructure body Navca and the Small Charities Coalition.

Andrew Hind, editor of Charity Finance, will act as an external expert advisor.

The review will look at changes in voluntary income; future funding relationships between government and the sector; the growing role of trading; the growing role of social investment; changes in corporate giving; and pensions deficits.

The review will also examine the financial sustainability of voluntary organisations, identify trends that have emerged in the income, expenditure and assets of the voluntary sector since the recession and provide analysis to enable the voluntary sector to plan for the future.

It will also make recommendations to policymakers on how to improve the financial sustainability of the voluntary sector and provide practical advice and support to help voluntary organisations become more financially sustainable.

A call for evidence will be launched in July, with a final report expected towards the end of 2014.

Andrew O’Brien (pictured), senior policy officer at NCVO, said: "In particular, we’ll be examining the trends that have emerged since the recession. All organisations are grappling with how to improve their financial sustainability and the review will provide analysis to help them plan for the future."