This episode of Fresh Perspectives explores the financial challenges facing charities and not-for-profits, why the sector is under more pressure than most people realise, and what trustees and business leaders need to know right now.
Rob Brown is joined by Siobhan Holmes, Partner at Azets and specialist in charity and NFP work, who brings a rare perspective from both sides of the table. She audits and advises charities in her day job and serves as a trustee and treasurer on a voluntary basis, including at the hospice where she started her career 14 years ago.
Siobhan explains the scale of the charity sector, the financial pressures bearing down on it, and why 60% of hospices are already cutting services. She talks about what charity boards often miss when it comes to financial governance, why cash flow matters more than most trustees realise, and how to understand the difference between income on paper and cash in the bank.
You can connect with Siobhan Holmes on LinkedIn.
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Fresh Perspectives is the business podcast from Azets where advisers, experts and leaders share fresh thinking to help you move forward with confidence.
Each episode explores real-world challenges and opportunities for business owners and entrepreneurs, from finance and growth to leadership and technology.
Formerly Bang The Drum, the show continues Azets’ commitment to sharing practical advice, new ideas and inspiring stories from across the business community.
This podcast has featured at #1 in the Apple Podcast charts for Management podcasts and #19 in the Apple Podcasts charts for Business podcasts.
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Find more about Azets at www.azets.com.
Contact us at podcast@azets.co.uk.
