THE CENTRE FOR INNOVATION IN VOLUNTARY ACTION
Latest income
£1.2m
Latest spending
£1.0m
Registered
2007
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £154,963 for the year, with total incoming resources of £1,150,179 against expenditure of £1,032,084. Per the trustees' report, free reserves stood at £575,593, which is well in excess of the stated policy target of £60,000. The charity relies heavily on its Honorary Director, a key person risk that trustees are actively managing through succession planning.
What the accounts disclose
Highest-paid employee band: Under £60,000 — below the median for charities its size (£76k)
“No employees earned more than £60,000 during the year” — page 33
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: two year’s administration costs (held: £576k)
“The charity’s policy is to maintain a reserve fund that will cover two year’s administration costs of the charity and provide an unrestricted fund out of which expenditure can be incurred from time to time to further the charitable objectives. Based on the above policy, the level of target reserves is £60,000.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Secretary/Trustee Michael Norton donated £255,033 to the charity.
“During the year the Secretary, Michael Norton, who is also a Trustee, donated £255,033 (2023: £261,029). Michael is a shareholder in School Space Ltd and he invested again in 2024. In March 2024, CIVA made a £50k equity investment in School Space; Michael Norton took no part in the decision whether or not to invest.” — page 33
“In 2024, CIVA approved a £20,000 equity investment in Caterpillar Captions Ltd. CIVA Trustee, Henry Warren, is a shareholder in Caterpillar Captions Ltd and so, he did not take part in the decision on whether or not to make this investment.” — page 33
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee Henry Warren is a shareholder in Caterpillar Captions Ltd, which received a £20,000 equity investment from CIVA.
“During the year the Secretary, Michael Norton, who is also a Trustee, donated £255,033 (2023: £261,029). Michael is a shareholder in School Space Ltd and he invested again in 2024. In March 2024, CIVA made a £50k equity investment in School Space; Michael Norton took no part in the decision whether or not to invest.” — page 33
“In 2024, CIVA approved a £20,000 equity investment in Caterpillar Captions Ltd. CIVA Trustee, Henry Warren, is a shareholder in Caterpillar Captions Ltd and so, he did not take part in the decision on whether or not to make this investment.” — page 33
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee Sharla-Jaye Duncan is a Director at The Intrapreneurs Club, which received a £125,000 payment from CIVA.
“During the year the Secretary, Michael Norton, who is also a Trustee, donated £255,033 (2023: £261,029). Michael is a shareholder in School Space Ltd and he invested again in 2024. In March 2024, CIVA made a £50k equity investment in School Space; Michael Norton took no part in the decision whether or not to invest.” — page 33
“In 2024, CIVA approved a £20,000 equity investment in Caterpillar Captions Ltd. CIVA Trustee, Henry Warren, is a shareholder in Caterpillar Captions Ltd and so, he did not take part in the decision on whether or not to make this investment.” — page 33
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee Erica Neve received a £10,000 grant from the Oppi Challenge Fund.
“During the year the Secretary, Michael Norton, who is also a Trustee, donated £255,033 (2023: £261,029). Michael is a shareholder in School Space Ltd and he invested again in 2024. In March 2024, CIVA made a £50k equity investment in School Space; Michael Norton took no part in the decision whether or not to invest.” — page 33
“In 2024, CIVA approved a £20,000 equity investment in Caterpillar Captions Ltd. CIVA Trustee, Henry Warren, is a shareholder in Caterpillar Captions Ltd and so, he did not take part in the decision on whether or not to make this investment.” — page 33
Per its FY2024 accounts as filed with the Charity Commission.
Year-over-year changes
- Top pay band moved from £90,001 - £100,000 (FY2023) to Under £60,000 (FY2024).
- Employees paid over £60,000: 2 (FY2023) → 0 (FY2024).
Leadership, per the charity’s website
- Michael Norton — Honorary Director
Structured financials (annual return, FY ending 31/12/2024)
Total income
£1.2m
Total spending
£1.0m
Reserves (reported)
£576k
Employees
2
Register events
- Received assets from another charity (10/12/2020)
Trustees
- Nicola Pollockchair
- Deborah Sharon Taylor
- Erica Ruth Neve
- HENRY WARREN
- Jonathan Samuel Saverimuttu
- MICHAEL NORTON
- MR DAVE MILLER
- Marie-Mathilde Suberbere
- Mr Richard Vincenzo Scott
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.2m | £1.0m |
| 31/12/2023 | £2.2m | £2.9m |
| 31/12/2022 | £1.5m | £1.5m |
| 31/12/2021 | £1.7m | £1.6m |
| 31/12/2020 | £717k | £599k |
Common questions
Is THE CENTRE FOR INNOVATION IN VOLUNTARY ACTION financially healthy?
The accounts state that the charity reported a net surplus of £154,963 for the year, with total incoming resources of £1,150,179 against expenditure of £1,032,084. Per the trustees' report, free reserves stood at £575,593, which is well in excess of the stated policy target of £60,000. The charity relies heavily on its Honorary Director, a key person risk that trustees are actively managing through succession planning. Its FY2024 accounts were audited by Sayer Vincent LLP.
What does the highest-paid employee of THE CENTRE FOR INNOVATION IN VOLUNTARY ACTION earn?
Per its FY2024 accounts, the highest-paid employee was in the Under £60,000 band.
Who funds THE CENTRE FOR INNOVATION IN VOLUNTARY ACTION?
Funders whose own accounts filings name THE CENTRE FOR INNOVATION IN VOLUNTARY ACTION as a grant recipient include QUADRATURE CLIMATE FOUNDATION, THE MARK LEONARD TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| QUADRATURE CLIMATE FOUNDATION | FY2023 | £1.9m |
| THE MARK LEONARD TRUST | FY2025 | £8k |
| QUADRATURE CLIMATE FOUNDATION | FY2024 | £0 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Founders Pledge Ltd | 1 | £6.5m |
| EFFECTIVE VENTURES FOUNDATION | 1 | £1.0m |
| JOFFE CHARITABLE TRUST CIO | 1 | £95k |
| MENDAN LIMITED | 1 | £27k |
| SAYSER DEVELOPMENTS LTD | 1 | £21k |
| S C K CHARITABLE TRUST | 1 | £11k |
| KEREN TRUST | 1 | £4k |