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impact of the economic and policy climate on VCS orgs ...
LVSC have just published the results of their 2013 ‘Big Squeeze’ Survey providing a snapshot of the impact the economic and policy climate is having on the voluntary and community sector in London ...
Headline findings include -
-93% of organisations continue to change the way they work in order to adapt to changes and better meet users’ needs.
- 51% reported a reduction in their overall funding in 2012-13.
- 27% closed services over the year.
- 23% expect to close services in 2014-15.
- 82% have seen an increase in demand for their services in the last year, particularly for advice services and support following welfare reforms.
- 30% were confident that they will be able to meet any increase in demand for services.
- 53% used their free reserves to cover running costs in 2012-13.
- At the end of 2012-13, only 28% reported more than three months expenditure in free reserves.
- 14% had no free reserves in 2012-13.