Charities, not-for-profit and education

The Charities and Non-Profit sector is facing complex problems across the globe. Issues relating to funding and recruitment have stunted the growth of many, reducing their outreach and preventing them from fulfilling their full potential. Optimising your financial processes, attaining tax efficiency and adapting your organisation’s structure and procedures can all strengthen your business building essential resilience.

Kreston Global’s network of experts have upheld our tradition of providing leading advice and services for charities, not-for-profits and the educational sector. Across our global teams we have experience in providing essential services that help to streamline operations, reducing costs as well as ensuring regulatory compliance. Our financial solutions are tailored specifically to your organisation, providing a personal service, with global insights.

Financial consultancy for charities, not-for-profit and education businesses

Kreston Global’s partner firms are equipped to provide a full range of financial consultancy services for organisations within the charities and education sector. From the information gathering stages of auditing to the implementation of strategic planning, our expert teams can guide not-for-profit businesses through a variety of financial states and transitions. 

Whether you are seeking to expand as a business into a new market or across borders for a broader global reach, our partners are equipped to support your company at any point of its journey. Understanding the unique challenges faced within this sector, we provide specialist guidance on tax relief, budget planning and business structuring, helping you to fulfil your charity’s mission statement to its fullest extent avoiding income loss and securing the future of your organisation.

Auditing and reporting

Kreston Global’s specialists are equipped to perform full audits of your organisation’s records, giving the clearest picture of your structure and financial state. Through this process our experts provide improved financial reporting systems, enabling your business to better comply with regulations and undertake more effective financial planning and strategy. 

Forecasts and budgets

At Kreston Global, the broad reach of our firms and our global outlook on financial services fuels our curiosity and culture of research. As we regularly conduct research into the sector at large, our firms are all supplied with the latest developments in the charity and education sector, enabling them to best advise on financial planning and structuring for the future of your business. Accurate forecasting and considerations of sector transformations fulfil our commitment to efficient and effective budgeting for the charity sector. 

Charity VAT advice

Ensuring full VAT compliance as a charity or educational institution can be achieved through collaboration with a Kreston Global firm. Our teams work worldwide to provide the most up to date and accurate advice on tax regulation and compliance within their local country as well as globally as your organisation grows.

Charitable trading subsidiaries and trading issues

For charities who are engaged in trading, our teams provide guidance on whether their trading practices fall under intranational tax regulations. Should taxation be applied to your trading our teams can advise on strategies to mitigate impact through forming charitable trading subsidiaries. 

Governance and best practices

Our consulting teams are equipped with our rich research into the charities sector, providing invaluable insight into best practices across the sector, allowing your governance to reflect the values of your organisation whilst also effectively leading you through transitions. With firms across the globe, our organisation has worked with a variety of organisations giving us insight into the broad range of business structures found across the charities sector. 

Obtaining tax-efficient funding

Access to funding has become an increasing challenge for organisations across the charities, not-for-profit and education sector.Our teams enable your organisation to identify effective funding strategies, allowing for strong financial planning and forecasting. Alongside these services, we seek to explore and implement tax-efficiency across your organisation allowing you to invest your funding into the change you seek to make. 

Overseeing mergers, joint ventures and partnering structures

An effective growth and transformative strategy can secure the strength and longevity of a charitable organisation, equally providing an option for those who are feeling the pressures facing the sector today. Kreston Global’s experts are adept in handling the initial prospecting, management and implementation of mergers, joint ventures and partnerships within the charities sector. The intricacies of combining forces are handled with ease by our teams of professionals through accurate data collection of your organisation’s finances and effective synthesis and strategy through a merger. 

Strategic planning

Identifying areas of strength and weakness can be crucial for the future prospects of a business in the charities and education sector. Our business strategy teams can work with you to review the goals and benchmarks of your organisation in context with an audit of strengths and weaknesses in order to consider future opportunities and threats to your current business model. We can advise on seeking outsourcing of certain procedures as well as implementing digital solutions for greater efficiency and accuracy, further strengthening the possibilities of future planning for your organisation.

What are Kreston Global’s professional standards in the charities, not-for-profit and education space?

Kreston Global’s member firms comply with the local professional standards of their respective countries as well as adhering to strict international regulations. Through our internal monitoring programme we ensure that all our partners meet the International Standards on Quality Control as well as the International Standards on Auditing for the conduct of transnational audits. All of our teams follow the code of ethics as dictated by the IESBA (International Ethics Standards Board for Accountants).

As a proud member of the Forum of Firms, an association of international networks of accounting firms, Kreston Global is committed to meeting  high standards in financial reporting and auditing practices across our worldwide community.

Our expert teams understand the landscape of the charities and education sector in detail locally and globally, ensuring that our consultancy is consistently accurate and primed for growth.  

Wherever you are in the world, wherever your organisation provides its services, you can trust our standards to be universally met and exacting. 

Why choose Kreston Global’s charities, not-for-profit and education financial services?

With a rich understanding of the charities and educational sector as a whole, Kreston Global’s partners provide unparalleled services to organisations in this sector. In order to respond to the challenges facing the sector today, securing the expertise and the specialist focus of a dedicated financial consultant can make all the difference. 

Establishing resilience to change, ensuring security and assurance for your employees and ensuring full regulatory compliance can all be achieved through a partnership with a Kreston Global firm. When working with Kreston Global you can expect access to free seminars and webinars, hosted by our specialists, sharing updates and trends affecting those within the charities and education sector, sharing the research we conduct and the invaluable insights it holds. 

Since our conception in 1971, Kreston Global has upheld our company values, providing responsive, empathetic and personal support for our clients. With over 50 years of experience, we are experts in helping businesses grow and respond to change, fostering long-term partnerships built on trust and confidence. 

In addition to our experience in providing financial services for the charity sector, Kreston Global’s members are committed to a culture of philanthropy, regularly contributing to fundraising efforts as well as volunteering within local communities. 

Read the latest Kreston Academies Benchmark Report 2024 – UK

Read the latest Kreston Charity Benchmark Report 2023 – UK