How much could you save?

How can you do more with less? That is the question facing most charities and not for profit organisations as the demand for services increases but incomes struggle to keep pace. At this time ‘becoming more efficient’ has never been more important.

A survey by Charity Finance found that staff salaries of charities with an income of £1,000,000 averaged 7.3% of operating costs (approximately £70,000!). For charities with an income of between £1,000,000 and £5,000,000 it was 4.8% or up to £240,000. Then there are the hidden costs of office space, the computer, the upgrade to the accounting software, the heating, CPD courses…

This is where Charity Business - a specialist service provider that focuses solely on supporting charities and not-for-profit organisations – is able to help. We can support you to free up the valuable resources within your organisation so that you can concentrate on meeting your objectives.

Working in collaboration with a specialist partner like Charity Business can shave 40% off the costs of an in-house finance team. For the above examples that’s a saving of £28,000 for a £1m charity and £96,000 for a £5m charity.

Charity Business provides back-office financial processing for charities and not for profit organisations. Our specialist charity accounts team can run your finance department – raising and paying invoices, generating financial reports, calculating payroll, preparing end of year accounts and supporting you to plan financial strategies. We can take the stress out of your day-to-day bookkeeping and the annual return, help you to manage ever changing legislation and deliver incisive management accounts reporting.

All of this buys you back valuable time to concentrate on achieving your objectives while making significant savings. To find out out just how much you could save, fill out the short form below.

Savings Calculator Form