Ian Oakley-Smith is head of PricewaterhouseCooper's charity sector team in the UK.
He was previously an insolvency practitioner at PwC with over 17 years experience. He has significant sector experience in the travel/tourism and charity and not-for-profit sectors, helping businesses and stakeholders in these fields for many years.
He has taken roles such as interim manager for the Charity Commisssion.
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Seventy per cent of charities responding to a survey experienced an increase in demand for services in the last 12 months, and the same number expect an increase in the next 12, according to a report released today.
Charities are settling in to a new operating environment in which demand is high, growth is low and all options – from downsizing to merging – are on the table.
Charities are not merging with other charities nearly as much as might be expected in the wake of the public spending cuts, new figures from the Charity Commission suggest.
Finance directors are well placed to help trustees ensure their charity emerges stronger from the recession, says Ian Oakley-Smith.
Why trustees must remain alert to the possibility of insolvency and handle the situation carefully to avoid being held personally liable.