STRATEGIC REVIEW
With the increased pressure on funding and the Charity Commission’s continued focus on public benefit, charities must be clear in their objectives and provide demonstrable and objective outcomes to their stakeholders.
We independently review how well an organisation reports on its performance against objectives, helping ensure the content of their Annual Report cover the necessary reporting requirements and suggesting improvements as necessary. Where appropriate, we also help clients explore mergers with similar organisations, advising on both the strategic and operational issues, including due diligence.
OPERATIONAL EFFICIENCIES
Annual spending by UK charities continues to rise and, with the pressure on income; charities must demonstrate value-for-money with a real grasp of the “Three Es”: economy, effectiveness and efficiency.
RISK AND REPUTATION
There have been a number of high profile charities in the spotlight for financial mismanagement (at worst) or ineptitude (at best). Charities operate under increasingly stringent financial and trading regulations and any breach can have a long-term damaging effect on public reputation. We can assist by giving assurance to boards of trustees that these are complied with, as well as identifying activities where there is risk to any stakeholder.
FUNDING / FUNDRAISING
The current economic situation has significantly impacted funding for charities, driven by factors such as global crises, inflation, and fluctuations in financial markets, which has led to a reduction in disposable income for individuals and businesses. This decrease in available funds has translated into reduced donations and sponsorships for charities, as individuals and businesses prioritise essential expenditures and financial stability.
Government budget constraints have further strained public sector funding, with cuts to grants and subsidies affecting many charitable organisations that rely on local and national government support. Additionally, uncertainties surrounding future economic trends and policy changes have made long-term financial planning and forecasting challenging for charities, complicating efforts to sustain essential programs and services.
PEOPLE ISSUES
Recruiting and retaining good quality staff has long been a key concern for many charities. Trustees and managers have extra obligations placed on them by the Charity Commission. We advise and also help to train new trustees, help on employment issues, including those affecting volunteers and executives, and can assist with employment compliance and taxation matters.
Posted in Blog, Not-for-profit