Charity trustees save time by outsourcing finance
Case Study27th Jan 2022
Contributors
Related services
Our Client
A new charity requiring support after a period of change in both accounting staff and moving to a new purpose-built premises.
Our Approach
- Identified during the audit process areas which the Trustees needed to focus attention on and following up on these in subsequent year
- Reviewed monthly/quarterly management accounts
- Provided ongoing bookkeeping support
- Proactive in keeping Trustees up to date on development that may affect them
The Outcome
- Trustees have peace of mind that they can rely on the financial figures after a number of changes in accounting staff
- Reduced time that the in-house staff need to spend on day-to-day bookkeeping activities
- Trustees can plan effectively for the future and make investment decisions through provision of cash flow projections and being kept up to date on developments that may affect them
- Introduced them to other services/contacts which relieved the administrative burden on the Trustees and accounting staff