Acevo’s income rose by 17 per cent last year

Charity

Income at the charity leaders body Acevo rose by nearly 17 per cent over the past year, latest annual accounts show. 

The membership body’s accounts for the financial year ending 31 March 2023 show that total income increased to more than £1.2m. 

The increase was largely due to a services and projects funding injection of £99,000, which the charity said stemmed from a “range of restricted and unrestricted grant funding”.

Marginal increases were also reported across other areas of its charitable activities. 

Income from membership services increased by £17,570 and income from training and development activities rose by £24,172.

Acevo’s membership increased by nearly 3 per cent over the year, standing at 1,722 members at the end of 2022/23.

The body said its support team responded to 71 crisis calls from members and 341 governance and support calls in 2022/23, a 5 per cent increase in one-to-one member support requests compared with the previous year.

Net expenditure increased over the year, rising from just under £1m in 2021/22 to almost £1.2m.

The majority of the charity’s outgoings were spent on services for its members, with £525,158 going towards these activities.

The charity spent £287,434 on training and development and £217,489 on policy and representation activities.

The accounts show that Acevo’s staff costs rose from £714,509 to £737,622 as the number of full-time equivalent staff rose from an average of 11.6 to 15 in 2022/23, with the growth coming in its policy, representation and supporting services team.

The accounts also state that Jane Ide, who became chief executive of Acevo last May, earns £85,000 plus 6 per cent pension benefits. 

Her predecessor, Vicky Browning, was earning £88,000 plus 6 per cent pension benefits.

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