 PKF and CFDG launch tenth annual Charities Risk Management Survey
19 May 2011: PKF Accountants & business advisers and the Charity Finance Directors’ Group (CFDG) have today launched their tenth annual charity survey to explore aspects of the risks affecting the sector.
The 2011 survey, Managing Risk: Operating in the new world, will analyse the challenges and opportunities facing charities as they deal with an unprecedented combination of policy, social and financial changes. It will seek to highlight the most effective approaches for charities and provide a steer as to the pitfalls and how best to avoid them.
Last year’s survey explored how charities were affected by the economic environment and how they were responding to the challenges. It showed that most were reviewing their arrangements both strategically and operationally, in many cases seeking to generate new sources of income and to adjust their cost structure.
Ian Mathieson, head of charities at PKF, said: “Charities are having to adapt to a changing world. Economic upheaval has created a new social environment, resulting in different issues and the need to adopt more innovative solutions. This generates both challenges and opportunities, and has prompted charities to reconsider their strategies. The 2011 survey aims to help charity managers and trustees to make the changes needed to implement those strategies and avoid the potential pitfalls.”
Caron Bradshaw, CEO of CFDG said “I am delighted to be launching the 10th PKF and CFDG Risk Survey. Year after year the Risk Survey proves to be a seminal piece of work, providing a high quality overview of risk and financial management processes in the sector, supporting our members to develop in this area and informing our membership services and policy work. In today’s financial climate managing risk effectively is more important than ever; I look forward to seeing how our members respond both in terms of what they are doing and what they could be doing better.”
The results of the Managing Risk: Operating in the new world survey will be announced at the CFDG Risk Conference on 20 October 2011.
ENDS
Further information:
For further information, please contact: Andy Konieczko, PR Manager, 020 7065 0537, andrew.konieczko@uk.pkf.com
Notes to Editors:
1. PKF (UK) LLP is a leading firm of accountants and business advisers with more than 1,500 partners and staff operating in 23 offices in the UK mainland firm, incorporating a wholly-owned financial planning company and associated offshore practices. The firm specialises in advising growing and entrepreneurial/owner-managed businesses, AIM and fully listed companies, and also has extensive experience in the public and not-for-profit sectors. Principal services include assurance and advisory; taxation; consultancy; corporate recovery and insolvency; corporate finance and forensic. The firm has particular expertise in advising sectors such as hotels and leisure; mining and resource; public sector; real estate and construction; professional practices; not-for-profit; and medical. The firm’s web site is www.pkf.co.uk
2. PKF’s dedicated national charities team has worked extensively in the sector for many years. Team members have first-hand experience of working in operational roles and as charity trustees and work to build and sustain supportive relationships with clients to help them achieve their goals.
3. The Charity Finance Directors’ Group (CFDG) was set up in 1987 and is an umbrella charity that specialises in helping charities to manage their finance-related functions. Visit www.cfdg.org.uk for further information. CFDG’s circa 1,700 members are responsible for the finances of charities with a wide variety of income levels. Members manage some £17.35 billion in charity income per year. CFDG is working to promote public confidence and good management within charities.
4. PKF (UK) LLP also offers financial services through its FSA authorised company, PKF Financial Planning Limited. PKF (Isle of Man) LLC is a limited liability company registered in the Isle of Man. PKF (Guernsey) Limited is incorporated in Guernsey.
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