Auditel Consultant:
Denis & Rhys Brennan

Charities – the importance of cost saving

02 Nov 2009 | Filed under: Client testimonials, Cost Management, News

‘Charities are facing rising demand and shrinking incomes during the recession and a third are now unsure about the future. However, 21% have tried to reduce office and energy costs.’

reported the Charity Commission last month. Clearly, and especially in this difficult climate, there are many more who would profit by taking this step.

This comes from a recent press release on the importance to charities of keeping costs under control. You can read the whole article here. However I wanted to draw your attention to a few key points from it (and, to be honest, these don’t apply only to charities):

‘Best practice should include the following:
A comprehensive, in-depth review of current essential services expenditure
A thorough analysis to determine where savings can be made
A detailed report of recommendations including information about how the consultants will earn their fees, eg, on a contingency basis or a set fee
A consultant should take full responsibility for managing relationships with existing or new suppliers’

Auditel has had considerable success over the years in helping charities get their costs under control. Also taken from the article above are some notable successes:

YMCA £135,000
John Grooms £54,000
Ben £47.500
Anthony Nolan £32,200
Naomi House £13,800
RAFA 35% electricity, 25% gas, 23% communications
RSPCA 29% electricity, 20% communications, 20% gas, 45% security, 50% cleaning materials

If you run a charity and would like our free advice, please call 01554 770816 or email Auditel