UK Civil Society Almanac
Cazenove Charities was delighted to sponsor the 15th edition of the NCVO Almanac. As the most comprehensive compendium of voluntary sector trends and statistics, the findings are an important reminder of the sector’s breadth and its impact on society.
In this edition, it is pleasing to see that an increasing number of people are employed in the voluntary sector and that its contribution to the UK economy has risen to around £12.2 billion per year. In a typical month, 27% of the population report that they volunteer and 44% of adults reportedly give money to charitable causes. These are impressive figures and we believe that the Almanac provides essential publicity in support of the sector.
Although investment represents only a relatively small part of the sector’s overall income, as the largest investment manager of charitable assets this is the area where we can have most impact working with our clients. Investment income has remained stable over the past few years, despite lower returns from cash and government bonds.
This partially reflects a greater use of other investments by charities, but also some growth in the dividends paid by both UK and overseas companies.
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