The charity and not-for-profit sector has a vital role in providing a range of important services to support local communities. Yet, as demand for services rises and income falls, the sector faces many challenges.
Charities are increasingly examining ways to diversify funding given that the availability of grant funding has reduced, especially from local authorities, and grant making charities have been affected by the fall in asset returns.
Many charities are dealing with pension deficit issues arising from membership of multi-employer defined benefit schemes, whilst charity-registered Housing Associations are dealing with issues arising from benefit reform. Above all, it is crucial that such organisations have strong governance procedures.
The charity and not-for-profit sector typically requires external and internal audit services to ensure compliance with regulations. It may also require assistance with preparation of annual accounts.
How we can help you
French Duncan has over 100 clients in this sector, including several Housing Associations. We have an experienced team which prepares the accounts for charities of various sizes and types and with a wide variety of objectives. We provide audit or independent examination services to most of these clients.
As the sector increases trading and income generating activities, it is important that these do not trigger unexpected tax liabilities. Tax advice should be taken early so that a tax efficient structure is established. Our charity team, with support from our tax specialists, can assist with this process.
The sector may also require assistance with grant applications and payroll processing. Our team can steer you safely through all the regulatory requirements. We have assisted clients with grant applications and we provide an outsourced payroll service through our in-house payroll bureau. To ensure the organisation is operating efficiently, a business review or help with budgeting, cashflow projections and monthly reporting to the Board of Trustees may be needed. We have extensive experience in advising charities of ways to control costs and to transform regular deficits into sustainable surpluses to be reinvested in service delivery.
We have assisted our clients with governance processes to ensure the organisation is well managed and controlled. We have carried out governance reviews, highlighting areas of strength and those areas that may require further review and improvement. We have also provided trustee training to reinforce the responsibilities of the Board and best practice.
Click on the links below for useful information from the Office the Scottish Charity Regulator (OSCR) and the Scottish Housing Association Regulator.
0141 221 2984
0141 221 2984
Tony trained and qualified with one of the Big Four and, following his move to French Duncan, was quickly promoted to partner. He has been with the firm for 25 years and has seen the growth of our client base, services and expertise.
Tony’s core skill is in audit and assurance and he provides business advice to a broad range of clients. He is responsible for ensuring our audit services comply with regulations and that audit continues to be useful and relevant for clients. He specialises in the charity, Housing Association and pension sectors.
Tony ensures the services provided remain relevant and advice given is practical and easily understood. He has an indepth knowledge of his clients’ sectors, which means they can use him as a sounding board to discuss issues, share ideas and help shape policies and procedures. Above all, Tony helps clients achieve their objectives and maintain strong financial management.
Entrepreneurial Services Director
Drew qualified as a chartered accountant in 2008 from an accountancy practice in Dundee having trained as a general practitioner working in all areas of accounting, including: auditing; company accounts; partnership accounts; company tax; personal tax; management accounts; business planning; bookkeeping; tax planning and systems advice.
Having joined French Duncan in 2009 as an audit senior, Drew worked his way up to Audit Manager and managed a portfolio of audit clients across a range of sectors. With a primary focus on commercial business, his client portfolio included: healthcare, property, construction, manufacturing and agriculture. Having worked in compliance for a number of years Drew transferred to our Managed Client Services department and was appointed Director in our Entrepreneurial Services Department in May 2017. Drew uses his strong technical skills gained from his years in audit mixed with his background as a general practitioner to understand his clients’ business. Drew appreciates the importance of getting a true understanding of both the clients business and personal objectives in order to offer the most appropriate and helpful advice.
0141 221 2984
0141 221 2984
Maria started her career in HMRC some 20 years ago in the Thames Valley, where she was involved in both VAT and Excise and Inland Customs. From there, she returned to Scotland to join a Big Four practice, specialising in VAT. Maria joined PKF in 2000, moving across to BDO following the merger in early 2013 as VAT manager, before joining French Duncan in 2015.
Having spent two decades working in VAT, Maria has a gained extensive experience in dealing with HMRC and assisting clients to understand and manage how VAT applies to their business.
With experience in dealing with businesses across all sectors, Maria has been widely involved in the charity and not for profit sector, manufacturing, leisure industries, international businesses and, more recently, the renewable energy sector. Advice provided to clients includes issues such as: partial exemption; business/non-business calculations; land and property advice; place of supply advice and general business VAT planning as well as the provision of in-depth VAT reviews and bespoke VAT training courses.
Maria likes her clients to know that they are valued and important to her and achieves this by being open and friendly at all times. She adopts a down to earth approach to clients’ VAT issues and aims to keep clients up to date on relevant issues and events of interest.
Senior Tax Manager
0141 221 2984
0141 221 2984
Starting her career as a tax trainee at French and Cowan, Anne pursued her career specialising in tax at various Big Four firms before joining French Duncan in 2008. She has also worked as a tax tutor at Glasgow Graduate School of Law and a tax consultant to an executry solicitor.
Anne has extensive experience in such areas as: personal tax compliance; capital gains tax; inheritance tax planning; HMRC enquiries trust compliance and the taxation of executries.
Anne helps her clients achieve the desired outcome, whilst always bearing heed to present and future consequences of any action taken. She believes her clients should never feel pressured into following advice and non-tax issues are always considered alongside the tax savings.
Anne’s ethos is to be approachable, helpful, honest and technically aware, whilst always acting in the best interest of her clients.