How we are funded
VSO's work would not be possible without funding and donations from agencies, trusts, private companies and the general public.
In 2015/16, incoming resources totalled £81.2 million, an increase of £4.2 million (5.5%) on the previous year (£77 million).
Globally, VSO is grateful for the support it receives from
- national governmental bodies
- multilateral government agencies
Charitable expenditure is presented in relation to each of VSO’s four thematic areas, in accordance with the requirements of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) 2015:
For year ending 31st March 2016, VSO spent £208,000 on governance and CEO costs. £123,000 of this is the CEO’s salary, plus his travel and executive assistance costs.
VSO’s CEO, Philip Goodwin, took a drop in salary upon taking on this role. His current salary is £17,000 less than his predecessor.
VSO pays the market rate for charities to its senior staff. Equivalent roles in global organisations of a similar size in the private sector, are paid much higher salaries.
VSO continues to rigorously monitor all of its expenditure and aims to be as transparent as possible. We believe that high calibre leadership is critical to reducing global poverty and that the CEO should be remunerated accordingly.
Transparency and value for money are key values for VSO. Read our most recent annual report for detailed financial accounts.
Structure and governance
Our International Board and Executive Board set the strategic direction of VSO in accordance with legal and regulatory guidelines.
VSO volunteers and partners reached 2.1 million people last year. Read our review of the year, plus financial statements.