Charity leadership body ACEVO has seen year on year growth in its membership “despite ongoing challenges caused by the pandemic and the cost-of-living crisis”, according to its annual report.

Its membership has increased 7% from 1,363 to 1,679, reveals the organisation’s annual report for the year ending March 2022.

In addition, its membership income has grown by 11%.

ACEVO chair Rosie Ferguson and chief executive Jane Ide said that it had agreed a deficit budget for the year “in order to invest some of our reserves for the benefit of members” but then “outperfoemed that budget, eventually achieving a surplus of £101,673.

A deficit budget has also been set for 2022/23 “in order to spend down some of our reserves on additional support for members and to give some protection against the likely increases in operating costs that we are as subject to as any” they added.

The organistion has free reserves of £546,000, which is “well within the reserve policy approved by trustees”, says the annual report. Its finances have also been boosted by retaining finding from the Paul Hamlyn Foundation of £40,000 a year for a further three years.



“Despite ongoing challenges caused by the pandemic and the cost-of-living crisis, ACEVO has had another successful financial year,” says its annual report.

It adds: “The positive membership trends seen in recent years last year have continued to date, with continued growth in membership numbers in the first months of the new financial year and member retention remaining very strong at an average of 85% in the new financial year to date.

"There are currently no identifiable risks which could materially impact our operating expenditure.”

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