Comprehensive solutions for not-for-profits
LDB Group provides tailored services to support not-for-profits, understanding their unique needs and regulatory requirements.
Solutions tailored for not-for-profits (NFPs)
LDB Group works closely with a variety of NFP organisations, ranging from associations to public companies limited by guarantee and private ancillary funds.
As LDB has worked with a number of not-for-profits, we understand the diverse and unique needs of these types of organisations.
We offer a range of services tailored to meet the specific needs and regulations required by non-profits.
LDB is well versed in supporting not-for-profit businesses, from founders through to large and established organisations.
We can assist with setting up entities within a non-profit business, guiding you in the selection of appropriate entity structures.
Not-for-profit board support
Boards in the NFP sector are commonly comprised of a collection of passionate people from all walks of life trying to make a difference in their communities.
LDB has considerable experience working with boards to understand their diverse skills and needs, then working to assist the organisations with their short- and long-term goals.
As part of supporting your board and providing an experienced independent financial viewpoint, LDB can:
Review periodic board reports and financial statements
Evaluate board proposals
Support funding applications
Assist in development of board reporting mechanisms and dashboards
Develop fraud mitigation strategies.
Accounting support
As part of supporting your board and providing an experienced independent financial viewpoint, LDB can:
Setting up and providing support for online accounting systems (e.g. MYOB, Xero, QuickBooks)
Interpreting accounting and offering guidance on current standards
Providing guidance and oversight in respect to cashflow management
Assisting with GST compliance.
Reviewing the organisation’s chart of accounts for alignment with key metrics and board reporting needs
Preparing periodic management accounts and annual financial statements
Preparing annual operating and cashflow budgets
Tax law assistance in respect to:
Compliance with charitable status
Employment arrangements and salary packaging, as well as review and set up of appropriate banking controls.
Audit services
Modelling, feasibility and business plans
Working together with the board and executive team, LDB can assist with key strategic initiatives on a project basis including:
Preparing profit and loss and cashflow modelling for various needs including grant applications, ROI and project reporting
Reviewing feasibility studies for organisational projects and acquisitions, including evaluation of opportunity costs
Preparing business plans to support organisational goals.
Corporate governance
With a long history of working with the NFP sector, LDB can assist boards with building a corporate governance framework that protects the reputation and people of the organisation beyond strict legal duties and in accordance with best practice. This includes:
Performing periodic review of charitable status
Defining purpose, strategy and vision statements
Setting up policies appropriate to organisational needs
Evaluating need for formation of sub-committees and establishing terms of reference
Reviewing risk management processes
Establishing performance measure
Treasury support
Where your organisation has established a corpus of funds as a prudent reserve, the financial advisory arm of LDB can assist with investing those funds conservatively in an appropriate manner consistent with the risk profile of the organisation.
As part of this process we can:
Assist with development of a formal treasury strategy including:
- Identifying and managing risk
- Establishing investment policies to protect corpus and achieve appropriate return after inflation.
Implement appropriate periodic reporting to the board.
Contact Us
Get help from LDB’s financial experts
Drop us a line today and discover how LDB can help you:
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HOW CAN WE HELP?
Call in the not-for-profit experts
If your not-for-profit originations requires the expertise and guidance of accountants and financial advisors that understand your sector, LDB is perfectly placed to help you.
Our team of specialists have up-to-date knowledge of changes and requirements for NFPs, giving you the peace of mind that your non-profit organisation is operating effectively and adhering to important tax and accounting requirements.
To find out how LDB Group can help your not-for-profit organisation, call us on (03) 9875 2900 or complete the contact form below and we’ll be happy to assist.
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