More than one million trustees, supporting almost 200,000 charities, help to make the UK the eighth most charitable nation in the world. With Trustees’ Week (12-16 November 2018) upon us, Sarah Case, director at advisory firm MHA Broomfield Alexander, offers her experience on what makes a good trustee and how individuals, as well as charities, can benefit from the experience. (more…)
New guidance has been issued for reporting serious incidents – our charity accounting specialists have created a summary of the key points whether you are a member of the public, employee or volunteer or trustee. Please click here to read more.
From April 2019, the Government will introduce measures to reduce administrative burdens on charities. These include: (more…)
In month eleven of our publication 11 Key Steps for Trustees, 1 Giant Leap for your charity we are shining the spotlight on ‘Conflicts of Interest’.
Making sure that a charity meets its charitable aims is key – and one part of this is making sure that all trustees act only in the charity’s best interests – in fact they have a legal duty to do so! (more…)
In month ten of our publication 11 Key Steps for Trustees, 1 Giant Leap for your charity we are looking at charity fundraising.
Fundraising is getting more difficult as there are more and more demands on donors’ income levels. Charities are having to be more creative in the fundraising that they undertake, but trustees need to consider the risks involved, particularly in the light of recent legislative changes. (more…)
In month nine of our publication 11 Key Steps for Trustees, 1 Giant Leap for your charity we are focusing on expenses.
Making a payment of any sort to a trustee of a charity can be fraught with difficulties, especially when one of the defining aspects of the charitable sector is that trustees don’t get paid. However, that doesn’t mean that payments can’t be made to trustees – they can, if they are dealt with properly. Payments for services rendered and for being a trustee or employee are possible, although of course strict guidelines are in place. By far the most common payment to trustees is to cover expenses incurred by them. But even this is covered by quite detailed guidance.
To view the full report, please click here.
In month eight of our publication 11 Key Steps for Trustees, 1 Giant Leap for your charity we are considering risk management.
Not managing risk effectively can have dramatic consequences for an organisation.
The tragedy at Grenfell Towers in June 2017 demonstrates the severity of not embedding a robust process which can react to the concerns of beneficiaries. In the wake of that disaster, all not for profit organisations should be thinking carefully about whether their processes are fit for purpose. (more…)
Good governance supports a charity’s compliance with the law and relevant regulation, as well as promoting a culture where everything works towards fulfilling a charity’s vision. Trustees should be invested in effective governance and the right leadership structures to best service the charity’s ambitions.
The Charity Governance Code helps charities and their trustees develop these high standards of governance and to demonstrate’ exemplary leadership and governance to beneficiaries and other stakeholders. (more…)
Month seven of our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity focuses on charity campaigning, lobbying and political activity. (more…)
Month six of our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity looks at charities, trading and tax.
Charities are associated with giving, but most also actively trade. In fact, the sector gains twice as much income from trading as it does from donations. (more…)