The “not for profit” sector has a significant place in today’s economy. We understand the complex issues faced by charitable organisations. We also understand the importance of the right advice at the right time. It is essential to keep up to date with changes. As well as changes the taxation regime most notably via the annual budget legislation. In particular the Charities Act and Charity Commission announcements. Our role is that of a coordinator. We aim to gather all relevant information and use it to provide you first class advice, support and guidance, so that we can assist you effectively and efficiently.
We work with many clients in the “not for profit” sector. They range from small local charities through to regional and then to national entities. Operating in the region for over 30 years we have a vast amount of experience in this sector which has been obtained been through changing times in the sector so we can really give advice gained through both knowledge and experience.
The two partners in our charities team hold the Institute of Chartered Accountants in England and Wales (ICAEW) Diploma in Charity Accounting (DChA).
At the time of qualification, only seven accountants in practice in the North East held this qualification, two of whom are from Clive Owen LLP.
This research carried out by the Kreston Charity Group paints a mixed picture of the current financial health of the charity sector but, with a confident outlook for the future.
The Kreston Charities Survey 2021 questioned their client charities, the responses addressed the current financial picture, use of government coronavirus support, and the future of the sector.
The report also highlighted details of the changing working practices implemented during the pandemic that are expected to remain including flexible working, more digital and online services, and mental health and wellbeing support for employees.
We were introduced to Clive Owen LLP by one of our trustees when seeking assistance with a Charities Act section 124 report to support a lending application. Carl Wright and Chris Beaumont provided invaluable advice throughout the assignment, going beyond the basic requirements of the report. Their robust review of our plans and financial modeling allowed us to refine our operating projections and an in-depth scenario analysis helped to inform our trustees of the range of potential performance outputs from our planned project. This allowed us to proceed with confidence, optimise our funding strategy and secure the lending needed to deliver our plans. I would not hesitate to work with Clive Owen LLP again in the future, all of the staff I dealt with were knowledgeable, professional and friendly.
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