Third Sector published an article about our annual accounts. There was a headline about the drop in income and deficit. To clarify the 2015/16 accounts are the first year of the boards current three year strategic plan 2015-18. The strategic plan budgeted to underwrite deficits for the three years to 2018 moving towards a balanced budget. The trustees took this decision in order to continue to deliver our objectives in a climate of unprecedented austerity.
Neil Cleeveley, Chief Executive of NAVCA, said “We are determined to remain true to the principles we set out at our AGM. It is clear that the future is local and that national bodies need national bodies that can connect to the local in the way that NAVCA can. We are working against a difficult backdrop but in these uncertain times we must be bold in asserting the values of our movement; not least, that local infrastructure is at the heart of local social action.”
