Income at the National Association for Voluntary and Community Action remains stable despite a budgeted deficit at the beginning of the year, according to its latest accounts.
Navca’s annual return for the year ending in March 2022 shows that the membership body’s income recorded a slight decrease to £1.36m, compared to £1.54m the previous year.
This was the result of a fall in income from grants, which was down to £1.23m from £1.41m in 2020/2021.
Navca is a national membership body for local support and development organisations in England, based in Sheffield.
Income from memberships, the charity’s main trading activity, remained stable at just under £50,000.
Expenditure at the organisation also fell to £1.24m from £1.37m in 2020/2021.
The charity’s recorded surplus for the year was £130,000, which according to the accounts came from grants received for core costs and projects that will be delivered in 2022/2023.
This was down from £206,704 the previous year.
In terms of free reserves, the accounts show a decrease to £267,000 compared to £353,000 in the year ending March 2021.
Staff costs have gone up by nearly £50,000, from £338,000 in 2021, to £385,000.
According to the accounts, the charity’s chief executive received employee benefits worth £59,400, up from £39,548 the previous year.