PKF and CFDG launch ninth Charities Annual Risk Management Survey

26th May 2010

PKF Accountants & business advisers and the Charity Finance Directors’ Group (CFDG) have today launched their ninth annual charity survey to explore aspects of risks affecting the sector.

The 2010 survey, Managing Risk: moving towards the vision, will seek to help charity managers by exploring the impact of their approaches to planning, the planning assumptions made, the lessons learned over recent years and the risks that they face within their strategies.

Charities are invited to participate either online at or by contacting Sharon Danso-Missah on 020 7065 0141 or email to for a hard copy of the questionnaire.

The 2009 Charities Survey Managing Risk – keeping in control, revealed that many charities reported falls in income and almost half projected falls in income of more than 5% over the next year. The report also highlighted that charities believe their risk management processes to have been effective in helping them deal with the recession. 58% considered it had been effective in identifying the main issues and all but 4% considered it to have been helpful to some degree in spotting the risks.

Charles Cox, head of charities at PKF, comments: “The UK is in the throes of massive change, ranging from the aftermath of the recession to the election of a new coalition government. Recent years have been difficult – and there are yet more challenging times ahead. Like everything else, the landscape for charities is shifting, and the sector needs to move with it.

”In moving towards a clear vision, charities and their partners will need to put risk near the top of their agenda.”

David Membrey, Acting Chief Executive at CFDG added: “Last year’s survey revealed that many organisations within the sector were entering into the recession with high levels of unrestricted reserves. This year’s survey should tell us more about how reserves are being used in risk planning and organisational re-structuring responding to the current climate. Such actions may be necessary in mitigating the emergence of belated effects of the recession on charities.”
Charles Cox concluded: “We are delighted to be joining forces with the CFDG for the ninth consecutive year and we warmly encourage all charities – regardless of their size – to participate in order to make this year’s survey the most wide-ranging to date.”

- Ends - 

Notes to Editor:

1. PKF (UK) LLP is a leading firm of accountants and business advisers with more than 1,500 partners and staff operating in 23 offices in the UK mainland firm, incorporating a wholly-owned financial planning company and associated offshore practices. The firm specialises in advising growing and entrepreneurial/owner-managed businesses, AIM and fully listed companies, and also has extensive experience in the public and not-for-profit sectors. Principal services include assurance and advisory; taxation; consultancy; corporate recovery and insolvency; corporate finance and forensic. The firm has particular expertise in advising sectors such as hotels and leisure; mining and resource; public sector; real estate and construction; professional practices; not-for-profit; and medical. The firm’s web site is

2. The Charity Finance Directors’ Group (CFDG) was set up in 1987 and is an umbrella charity that specialises in helping charities to manage their finance-related functions. Visit for further information. CFDG’s circa 1,700 members are responsible for the finances of charities with a wide variety of income levels. Members manage some £17.35 billion in charity income per year. CFDG is working to promote public confidence and good management within charities.

3. PKF (UK) LLP also offers financial services through its FSA authorised company, PKF Financial Planning Limited. PKF (Isle of Man) LLC is a limited liability company registered in the Isle of Man. PKF (Guernsey) Limited is incorporated in Guernsey.

4. PKF (UK) LLP is a member firm of the PKF International Limited network of legally independent firms. The PKF International Limited network has around 17,600 people operating in 120 countries around the world.

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