Our charity specialists offer tailored audit and advisory services, assuring trustees that their charity is managing its resources effectively
Our charity specialists offer tailored audit and advisory services, assuring trustees that their charity is managing its resources effectively
The Kreston UK Charities Report 2024 is now complete. Designed to look at the financial position of the charities and not for profit sector, the report reveals insights into the current state of UK charities amid economic challenges.
While many charities report a positive financial outlook, pressures persist on income streams and rising operational costs. Recruitment and retention pose obstacles, with difficulties attracting both employees and trustees leading to skills gaps.
Risk awareness is high, with regular risk review practices. However, most feel a change in government would make little difference, suggesting waning political prioritisation of the sector compared to the past.
Amid the challenges, most charities believe they currently have capacity to deliver required services. However, unaddressed funding and staffing concerns could impact this outlook going forward. The report provides an in-depth examination to help guide the sector's path.
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