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News - 24 April 2014

New research shows charities are cautiously optimistic about the future

 According to a new report published by PwC, Charity Finance Group (CFG) and the Institute of Fundraising, which surveyed over 450 charity fundraisers and finance professionals, seven out of ten respondents felt positive about the next 12 months.

 
However, the majority said that they felt the charity sector had faced negative press scrutiny, which one in five reported had hindered their fundraising. As a result, almost half of the charities polled said they would be more transparent, particularly in relation to the costs of administration and governance, and the costs of fundraising.
 
Lavinia Newman, founder of ABDS comments:
“Nine out of 10 respondents felt that the charity sector had been subject to more scrutiny and media interest this year, with 1 in 5 reporting that this had impacted negatively on their fundraising. As a result, almost half of charities said that they had taken steps to enhance levels of transparency and disclosure of financial information during the last year. The two most popular areas for which charities said that they would be enhancing transparency in the coming year were ‘costs of administration/ governance’, and ‘cost of fundraising’.
 
These new challenges have piled the pressure on the sector as those difficulties highlighted in recent years have not gone away. Two thirds of respondents reported that the demand for their services had increased over the last year, with the same proportion expecting further increases in the year ahead. As a result, 27 % claimed they were aiming to deliver more with the same resource as last year and 16% thought they would have to make cuts in other services to meet the additional demand. 
 
Caron Bradshaw, CFG Chief Executive, said:
“The results show some cautious optimism emerging across the sector with charities beginning to feel more positive about the future. It’s important to remember how long the challenging economic climate has extended. The Chancellor was clear in his budget that there will be no let-up in public spending cuts. Charities continue to take bold and proactive steps to cope with ever-increasing demand for their services – for some this continuing situation is critical and threatens their survival.
 
If you need any help and advice on the implications of tax legislation and reforms on Charities, contact ABDS and see how we can help.
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
Brilliant with numbers  
Great with people  
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
Helping Your Business is Our Business

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