UHY Hacker Young names Tracey Moore Head of Charities and Not for Profit

UHY Hacker Young has installed Tracey Moore as leader of its charities and not for profit services. Moore previously worked at BDO, where she was Director for charities and not for profit.

The past decade of dismantling the social security net in the UK has seen charities once more become integral to the provision of some of the most basic and essential services citizens rely upon. While the importance of the third sector could be said to be more important than ever before, it has come under intense pressure as demand for its services rapidly rises amid declining funding to charities from the UK Government.

Against this backdrop, consulting firms have strengthened their not for profit offerings, in anticipation of third sector groups looking for support in adapting to the changing environment. Earlier in the year, for example, this saw Julia Poulter exit the charity wing of BDO to join the non-profits wing of Crowe UK as a Partner.

Now, another former BDO staffer has been appointed to a senior not for profit position, this time with UHY Hacker Young. Tracey Moore first joined UHY in September 2019 as Director – Charities and Not for Profit. She has now been promoted to National Head of Charities and Not for Profit, taking over the role from Subarna Banerjee, who has headed the group for the last five years.

Moore takes up her new position having spent more than 19 years in the charity auditing and consulting field. Having started her career at Reeves + Neylan, Moore then took on charity audit roles with Target Chartered Accountants, Chantrey Vellacott DFK, haysmacintyre, and Moore Stephens UK – which merged with BDO last year.

The news comes at a challenging point for accountants in the charity world. In 2019, charities across the UK were left wondering if their auditors were delivering them value for money, with the reporting that the UK’s largest third sector entities have seen an additional £10 million added to their collective accounting bill in less than four years. The figures were released as many charities faced periods of restructuring thanks to declining state support and falling public contributions.