The document summarizes the results of a salary survey of finance professionals in the UK nonprofit sector. Some key findings include: - Salaries increased on average by 8%, with the biggest rises for junior and mid-level roles. - There was a significant difference in pay between men and women. - Flexible working arrangements were a popular benefit but in high demand. - The responsibilities of finance directors are broadening beyond traditional accounting to include other functions like IT, HR, and operations. - Larger nonprofits paid significantly higher salaries than smaller ones.

1. TPP Finance Breakfast
Seminar
30th June 2015

2. GUEST SPEAKERS
• ROSEMARY THOMAS
HEAD OF FINANCE
NATIONAL LITERACY TRUST
• MICHAEL CHUTER
CHIEF EXECUTIVE
PUMP AID

3. CHARITY FINANCE SALARY
SURVEY 2015 – THE RESULTS
• Survey results Feb-March 2015, across finance professionals in the
not for profit sector.
87% London/
Greater London
7% South East
1% North & Scotland
1% Midlands
1% South West & Wales
3% Unknown
85% Permanent
8% Temporary/
Interim
7% Contract
28% Director
27% Manager
21% Accountant
15% Officer
9% Assistant
41% Female
59% Male

4. HEADLINES
• Salaries up - 8% on average
• Biggest increases at junior and mid-level roles
• Significant difference in pay between men/women
• Flexible working – a popular benefit, but very much in demand
• Remit of Finance Director broadening - increasingly likely to be more than just
traditional Accounting

5. 4%
45%
39%
7%
5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Increased a lot Increased a little Stayed the same Decreased a little Decreased a lot
Salary Change

6. Seniority
• Director £66,325 ↑ 6%
• Manager £44,858 ↑ 1%
• Accountant £39,794 ↑ 19%
• Officer £25,492 ↑ 10%
• Assistant £25,573 ↑ 10%

7. Gender Gap

8. Size of Organisation
£59,704 £40,05749%
Large organisations
Small organisations

9. Location
£35,520
Avg
£49,569
Avg
40%

10. Benefits
Pension
Contributions
•73% Receive
•15% want
Flexible
Working Hours
•40% Receive
•24% Want
Season Ticket
Loans
•42% Receive
•9% Want
Childcare
Vouchers
•20% Receive
•7% Want
Life Insurance
•32% Receive
•18% Want
Medical Cover
•16% Receive
•36% want
Voluntary
Leave/
Trusteeships
•13% Receive
•20% Want
Secondments/
Sabbaticals
•3% Receive
•15% Want
Car Allowance
•6% Receive
•12% Want
Other
2% Receive
option to buy
holiday

11. RESPONSIBILITY FOR
NON-FINANCE DEPARTMENTS
38% 36% 35%
30%
26%
• Finance & IT remain the biggest crossover, as reported in the CFG
People & Pay Survey 2013
• 69% of Directors have responsibilities for other disciplines

12. How To Manage a Wide Variety
of Functions
Rosemary Thomas

13. Experience
• Black and Veatch
– Finance, IT, Acquisitions, MD of contracting company
• Diabetes UK.
– Finance, HR, IT, Governance, Nations and Regions incl Fundraising,
influencing, volunteers
• Prince’s Charitable Foundation
– Finance, Governance, Fundraising, Web development, Delivery of
environmental campaign incl a 10 day festival for 30,000 people
• Youth United Foundation
– Interim Director incl Finance, Governance, Project Delivery,
Fundraising
• National Literacy
– Finance, Traded Offer, People Strategy, Regionalisation

14. Finance as Base
• Finance gives a good understanding of an
organisation.
• Natural interest in other areas and how to
support them
• Skills:
– Logic
– Project management
– Staff management
– Time management

15. Managing areas not expert in
• Don’t be afraid to rely on your team or ask
• Stand back from what they advise and ask
‘does it sound logical’
• Don’t be afraid to challenge
• Try and see the ‘coal face’ to gain an insight in
their role
• Attend conferences etc. to acquire knowledge
and network.

16. Managing multiple areas
• Time management
• Ensuring there is ring fenced time to catch up
with each lead each week / fortnight
• Team plans for each area – track progress
• Delegate.
• Empower – within a framework.
• Keep list of actions and follow up.

17. Finance Director +
The increasing reach of the finance
professional
Michael Chuter

18. Finance Director +
The increasing reach of the finance professional
THE LOGIC FOR A WIDER BRIEF
• We are naturally numerate and analytical
• We are systematic
• We use tools that are impartial, non-partisan and universal
• We operate across silos not within them
WHAT TO DO WITH IT WHEN YOU’VE GOT IT
• Think beyond the money
• Predict the future
• Ask the silly questions
• Break down barriers
• Highlight and celebrate success
• Take a whole systems approach
• Be a critical friend
• Think twice (or even three times) before you say no

19. Thank you
Q&A