Our charities and not for profit sector approach
The not-for-profit sector faces many challenges, especially as income from local and national government continues to decline. Yet the provision of services by the sector continues to grow, partly due to demand, and partly due to government policy. The success of not-for-profit organisations ultimately relies on their reputation and good governance, but transparency and effective regulation of the sector all have a role to play.
We are here to support you through the financial climate that the charity sector is facing. We are able to assist in areas outside of the compliance work, ensuring we are available for discussions throughout the year on governance matters, financing and upcoming changes.
We work with Trustees and Directors and management of not-for-profit organisations to provide guidance regarding governance and to reassure them through our compliance work that the organisation is adequately addressing risks. In carrying out our compliance work, we focus on the major financial risks affecting the organisation and provide practical recommendations for improvements – not only to financial controls and procedures but also to governance frameworks, using our experience gained over many years working with similar organisations.
The not-for-profit sector encompasses a wide range of entities carrying out diverse activities with different funding models. Our not-for-profit sector experts understand the issues facing both trustees and executive management, supporting them with a range of services.
Key challenges in the sector
In today’s dynamic landscape, the UK Charities and Not for Profit sector faces a set of challenges that demand innovative solutions and strategic foresight. Economic uncertainty, exacerbated by recent global events, continues to impact funding streams, putting pressure on organisations to diversify revenue and fundraising strategies.
- There are also heightened expectations from stakeholders and regulatory bodies, creating a focus on transparency, accountability, and measurable impact.
- Operational resilience is essential, as charities strive to optimise resources, streamline processes, and maximise efficiency to navigate new pressures.
- People management remains a critical concern, with talent retention, succession planning, and volunteer engagement becoming key priorities.
- Emerging risks such as cybersecurity threats and reputational challenges means that robust risk management frameworks and mitigation strategies are necessary.
In this environment, charitable and not for profit organisations must embrace agility, innovation, and collaboration to effectively address the challenges and opportunities for positive social change.
