DM shared PowerPoint slides detailing recently published analysis of the 2022 Scottish Household Survey. The key points of the presentation were: • Formal volunteering participation has decreased from 26% in 2019 to 22% in 2022, and that informal volunteering participation has remained static at 36%. • There has been a decline in the number of hours volunteered formally from 149.9 to 122.1 – a decline of 27.8 million • There has also been a decline in the number of hours volunteered informally from 211 million to 178 million – a decline of 33 million hours • The economic value of formal volunteering has declined from £2.25 billion to £2.15 billion • The economic value of informal volunteering has declined from £3.17 billion to £3.14 billion • The total economic value of volunteering is therefore £2.3 billion – a decline in value of £132 million • These figures are greatly skewed by wage inflation – if the hours contributed in 2022 were valued at the 2018 wage levels, the decrease to the economic value of volunteering would be £914 million. • DM shared that Volunteer Scotland will be sharing further analysis of the SHS 2022 data in the coming months, including time series analysis, cross- sectional analysis and a refresh of the ‘Who Contributes Most to Scottish Volunteering’ data. • DM further shared that the Volunteer Scotland sponsored PhD, ‘What we Do Together: Exploring Volunteering Using the Concept of Associational Life’ will be published soon with several events planned in the coming months. • Finally, Debbie confirmed that Volunteer Scotland are currently working with an external partner on some work to ascertain the wider social value of volunteering which goes beyond the replacement cost approach.