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A snapshot of some of our most recent work and an insight into some of our ideas on the hot topics and issues that affect the public and not for profit sectors, and how we are responding to them.
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”Millions to be saved” by outsourcing
Outsourcing back-office functions could save charities millions of pounds.
In a report by the Cass Business School, it was suggested that those working for mid-sized third sector organisations - which generate income of between £1 and £10 million - could find that in doing this, the estimated ten per cent of their income which is currently being spent on such areas could be saved.
Cathy Pharoah, professor of charity funding at the business school’’s Research Centre for Charitable Giving and Philanthropy, claims that should the 3,500 charities in this band do this they could generate a combined saving of £136 million, ThirdSector.co.uk reports.
Such a figure could be of particular interest to those that are looking to maintain sustainable efficiencies, however Professor Pharoah claims many charities are reluctant to do this, as they are uncertain which functions can most efficiently be outsourced.
Taking this action could be advisable after research by the Charity Commission revealed that 32 per cent of third sector organisations are currently taking steps to manage the financial pressures they are under by reducing costs and drawing on reserves.
More about sustainable efficiencies.
