Anderson Anderson & Brown LLP (AAB) is one of the UK’s leading Chartered Accountants and Business Advisory Firms. Our specialist Charity Services Team of experts understands the needs of third sector organisations and has worked with many during this time of immense pressure for the sector. Our team is drawn from each of the service areas of AAB, such as audit, business advisory, payroll & employment taxes, corporation tax and indirect tax. Each member joined the charity services team because they are passionate about the impact of the work of charities do in our communities.
Many businesses have had to think on their feet in the past year as a result of COVID-19, but none more so than those in the charitable sector. The pandemic has provided new challenges, not only in providing core services to those in need but also in keeping on top of the day-to-day finances.
With the end of the festive season, the New Year is traditionally a time for us to reflect on the year just gone and identify areas for improvements which can be made in the next year. Whilst this is traditionally done on a personal sense (how to lose 40lbs in January!), this is also the perfect time to review your business processes to see if they are truly working for you and not the other way around!
Maintaining high levels of client service during a pandemic when your entire employee base is working remotely may have filled most partners and professional service firms with dread 12 months ago. But fast forward several months and this thinking has certainly changed.
When entering 2020 we were fully expecting the year to largely be focussed on two topics: sustainability and growth funding. To a large extent, both topics have still been highly prevalent, albeit funding often being required to strengthen cash flows rather than to pursue ambitious growth.