Majority of London voluntary organisations 'have dipped into reserves in past year'

Majority of London voluntary organisations 'have dipped into reserves in past year': The latest Big Squeeze report from the London Voluntary Service Council says 54 per cent had to use free reserves to remain operational

More than half of voluntary organisations based in London had to dip into their reserves to cover running costs in the past year, according to new research.

The London Voluntary Service Council’s latest Big Squeeze report, Surviving Not Thriving, says that 54 per cent of organisations in the capital's voluntary and community sector had to use their free reserves to remain operational between 2011 and 2012.