2019 – the year to rebuild trust
Following the various charity sector scandals on recent years we need to make 2019 the year that the sector rebuilds public trust. At SV, we are committing to play our part in working with our clients to achieve this.
We believe that transparent and meaningful financial information is one way to do that. By ‘meaningful’ financial information we mean much more than SORP compliant accounts. Charities need to be thinking of their audience and tailoring their information to tell the story of how they turn the financial resources available to them into social impact. We will be supporting our audit clients to find ways of telling this story.
We have written and spoken a lot about fraud in the charity sector over the last couple of years. Nothing destroys trust in the charity sector more than the thought that donated funds end up being lost to fraud. We will be continuing to advocate for greater fraud awareness and effective controls in charities.
Finally, smart risk management processes will help build more resilient charities better placed to absorb and adapt to external shocks. We will continue to work with our clients to improve the understanding of risk and to develop more risk intelligent organisational cultures.
What else will be doing in 2019?
We are delighted to start the new year welcoming Fleur Holden as a SV partner. As many will know Fleur has been hugely successful in building our presence in the Midlands and will continue to do that in her new role.
Our newsletters in 2019 will continue to bring you regular updates in tax, accounting, governance and risk matters. It is entirely possible (?) that we will have a clearer idea as the year progresses on how the charity sector will be impacted by Brexit and this will surely feature in 2019 newsletters too. We are looking forward to partnering with Russell Cooke for a Brexit discussion evening in February.
We will soon be announcing dates and locations for 2019’s Charity Accountants Conference. We look forward to seeing many of you there and at our various training days and seminars throughout the year.