GREATER MANCHESTER CENTRE FOR VOLUNTARY ORGANISATION
Registered charity 504542 · accounts filings on the Charity Commission register · also known as CENTRE FOR VOLUNTARY ORGANISATION, GMCVO, GREATER MANCHESTER CENTRE FOR VOLUNTARY ORGANISTION, GREATER MANCHESTER COUNCIL FOR VOLUNTARY SERVICE
GMCVO works to increase economic and social inclusion in Greater Manchester through effective collaborations and supporting other organisations to achieve their goals. We support voluntary organisations and social enterprises to understand the operating environment, to gain social investment and we test new approaches. We provide investment and are a lead body for networks & partnership projects.
Causes: Education/training · Economic/community Development/employment · Human Rights/religious Or Racial Harmony/equality Or Diversity · Grant history (this charity is a funder) · Get email alerts
Financial health, per its FY2023 accounts
The accounts state that the charity reported a total deficit of £329k for the year, with unrestricted reserves falling to £343k. The trustees note that unrestricted cash balances have significantly reduced since the year-end and that the organisation is transitioning its business model, which creates financial risk. Despite these uncertainties, the auditors confirmed that the going concern basis of accounting is appropriate.
Automated summary of the FY2023 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: £180k (held: £343k)
“Following a review on 19th April 2024, the trustees resolved that GMCVO should seek to maintain a minimum reserve figure of £180k in unrestricted funds for the year 2024/25 from the previous position of £225k.” — page 13
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“However, some uncertainty exists. Since 31 March 2023 there has been a significant reduction in the level of unrestricted cash balances. In addition, GMCVO has committed to providing ongoing financial support to its subsidiaries in the next 12 months and is not demanding repayment of inter-co loans of £292,026.”
Per its FY2023 accounts as filed with the Charity Commission.
Accounts audited by Beever and Struthers. Discloses 4 of 6 completeness components.
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → going-concern doubt noted (FY2023).
Comparing this charity’s FY2022 and FY2023 accounts as analysed by this site.
Structured financials (annual return, FY ending 31/03/2023)
Cost of raising funds
£890k
Reported reserves equal ~1.1 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Charitable activities (74% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 26.8% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).
- JESSE GARRICK
- KATHRYN CHEETHAM
- MARK LEE · trustee of 1 other charity
- TOM MCGEE
Trustee list from the Charity Commission register (current, not historical).
Operates in: Bolton · Bury · Manchester City · Oldham · Rochdale · Salford City · Stockport · Tameside · Trafford · Wigan
Income and spending
Common questions
Is GREATER MANCHESTER CENTRE FOR VOLUNTARY ORGANISATION financially healthy?
Per its FY2023 accounts: The accounts state that the charity reported a total deficit of £329k for the year, with unrestricted reserves falling to £343k. The trustees note that unrestricted cash balances have significantly reduced since the year-end and that the organisation is transitioning its business model, which creates financial risk. Despite these uncertainties, the auditors confirmed that the going concern basis of accounting is appropriate. Its FY2023 accounts were audited by Beever and Struthers.
Who funds GREATER MANCHESTER CENTRE FOR VOLUNTARY ORGANISATION?
Funders whose own accounts filings name GREATER MANCHESTER CENTRE FOR VOLUNTARY ORGANISATION as a grant recipient include THE BARROW CADBURY TRUST.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with GREATER MANCHESTER YOUTH NETWORK.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.