Charities and Not-for-Profit Organisations
Having worked with charities at almost every stage of the property cycle, we know that:
- Over 20% of the total expenditure for most charities, property accounts are probably their second-largest outgoing
- Almost 70% of charities do not have a strategic property plan
- More than 50% of charities and not-for-profits have no-one in their team, or amongst their trustees, with the professional experience to make informed decisions about their property portfolio
Failure to manage properties correctly can result in severe financial consequences and even legal action against trustees. That is why we created a multi-disciplinary team of property specialists, with a unique blend of skills and expertise, to help not-for-profit organisations optimise the use and value of all their properties.
How we can help
Working with trustees and/or the management team, our aim is to enable our clients to focus on delivering their charitable objectives by advising on and/or implementing initiatives which ensure their property interests are optimised.
Our services include:
- Helping develop a safe and efficient working environment in a pandemic age
- Undertaking a strategic review of all properties owned or occupied to ensure that they are used efficiently and effectively, and that a sustainable long-term property plan is in place
- Mitigating operational costs, such as service charges and helping with risk assessments to ensure the health and safety of employees and volunteers is never compromised
- Reviewing lease options to ensure that no critical date or lease-related benefit is overlooked and no unforeseen property costs emerge when you least expect them
- Advising property owners on their responsibilities, should they decide to let space to a third party, as well as help to find tenants and negotiate fair and equitable terms
- Acquisition of new premises and disposal of unwanted properties
- Valuation of all properties owned for strategic planning, fundraising, secured lending and/or financial reporting purposes - almost 40% of charities do not keep full records of properties they own or rent.
We are conversant with the requirements of the Charities Act and can provide Qualified Surveyors’ Reports.
Why choose Matthews & Goodman?
Appointing specialist property advisors is fundamental to ensuring that the financial obligations of your charity or not-for-profit organisation are optimised, allowing you to focus on your charitable objectives. With more than 150 years of experience, you can rely on Matthews & Goodman to help you find the right strategies for all your property issues.
In addition to being fully conversant with current local property market values, as well as national property trends, our specialist team also has a thorough understanding of leaseholds, property valuations, rent reviews and business rates issues.
We will ensure your property interests are protected, which will allow you to focus on delivering your goals and ambitions.
Is it not time your property strategy started to work for you, rather than just being your second largest outgoing? Call us and find out how we could help you make that a reality.
Yes, whether you are looking to lease or buy, we can help you find the right property.
Our lease consultancy page has more information on commercial leases, which you should find very useful.
We would always recommend obtaining the advice of a valuation and building surveyor when purchasing a property. They will ensure that you achieve ‘best value’ and help identify any potential defects with the building.
You may need to obtain planning permission for works to a building, or consent if the building is listed. If you lease your property from a landlord, the lease will detail what work you are/are not allowed to undertake. Some works will require the approval from the landlord.
Your lease will detail the mechanism for how the rent will be reviewed. Some leases have fixed or stepped increases in rent while others will have a mechanism for calculating it at market rent (sometimes called open market rent).
If you have any queries, please provide us with a copy of your lease and we would be happy to advise you further.
We have a specialist team which advises clients on service charge issues - please visit our property and asset management page for more information.
Your lease will set out whether subletting or assigning of the lease is permitted. If the lease allows it, we would recommend that you first obtain professional advice to ensure that any proposal covers liabilities such as rent, insurance and dilapidations.
We would be happy to help - provide us with a copy of your lease and we will review it and advise you accordingly.
The lease will set out when the break option can be triggered and on what basis. The process for triggering the break options will vary in each lease and needs to be done correctly in order to be accepted by the landlord.
Typically, this will include a definitive time when the notice can be made and a requirement to ensure that all the lease obligations are complied with (i.e. rent paid, property in repair, etc.) However, it could also include the need for further payments to the landlord.
If you have any further queries, please provide us with a copy of your lease and we would be happy to advise further.
Our building consultancy team is best placed to answer this - take a look at our dedicated page for more information.
We would recommend that you speak with a mortgage broker to identify a suitable lender. The lender will require their own valuation of the property and will appoint a valuer directly from their approved panel of surveyors.
The Charities Act 2011 requires trustees of a charity to obtain a Charities Act Report before entering into a sale.
A disposal also includes any leases granted of more than seven years. This must follow a specific format in accordance with the act and be undertaken by a qualified surveyor. The report will provide a valuation of the property, together with recommendations about the sale process and any required works.