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.


The opinions contained herein are those of the author and do not necessarily represent the house view. This document is intended to be for information purposes only. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Cazenove Capital does not warrant its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. This does not exclude or restrict any duty or liability that Cazenove Capital has to its customers under the Financial Services and Markets Act 2000 (as amended from time to time) or any other regulatory system. Cazenove Capital is part of the Schroder Group and a trading name of Schroder & Co. Limited 12 Moorgate, London, EC2R 6DA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. For your security, communications may be taped and monitored. 

Contact Cazenove Charities

Achieving your charity's investment objectives takes time and thought. To find out how we can help you please contact:

James Brennan

James Brennan

Portfolio Director