Governance

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Things to Consider When Managing Fundraising Risks

UK Fundraising, in their article, explain what their 10 key fundraising risks are and what trustees can do to mitigate against them. As trustees know fundraising can be a risky business and it is important for organisations be aware of whet theses are and take the necessary actions.

The risks they discuss include:

  1. Lack of a robust fundraising strategy – so that fundraising is conducted ad hoc with no real targeting of investment in the most promising areas. The answer here is to develop and maintain a costed fundraising strategy, linked to your organisational business plan, that focus on the future growth areas you have identified as your best future opportunities.
  2. Over reliance on a few income sources – such as too much funding from statutory sources. The answer to this is diversification, which can take time but is usually possible and makes your organisation more sustainable. The risks of not diversifying are financial decline and even organisational closure.
  3. High staff turnover – This can be very damaging for your income, as new staff take time to learn about the organisation and possibly to develop their skills. Departing staff can also take their contacts with them. If your organisation is affected, find out why people are leaving and seek to win greater loyalty – it will pay for itself in the long run. If you have an effective fundraising team, try to keep them at all costs.
  4. Compliance issues – In recent years especially, data protection has been a major hygiene factor for fundraising charities, so it is imperative to have someone who understands your obligations in handling personal data – GDPR is here to stay, Brexit or no Brexit. Other compliance risks include late filing with the Charity Commission, which funders will notice, so ensure your finance team is on track to file on time.

To read the full article click here.

 


The Governance App

The Directory of Social Change and partners have developed the Governance App – a new, free and easy way for your Board of trustees to review and improve their governance, together.

The App enables you to:

  • Gather responses from your whole board
  • Get a performance score out of ten in seven different areas
  • Highlight where board members have different views on performance
  • Have targeted discussions about what’s going well and where to focus on improving

If you’re looking to review your governance but don’t quite know where to start, can’t afford the time or expense of a consultant or facilitator and want an easy way to involve your whole board in the process then this App may be the solution for your organisation.

Click here to sign up for free and get started.

 


Trustee Chat – Evening Session

Dudley CVS and SCVO (Sandwell) are jointly hosting this informal session for charity trustees. This informal session is for people to learn more about charity trustees and their role, share their experiences and get support. It is being held on Tuesday, 21st September 2021, from 7 – 8.30pm (via Zoom).

The agenda will be an open one, allowing participants to ask questions, share their experiences and get support with anything to do with being a charity trustee, whatever their current level of experience is. Staff from Dudley CVS and SCVO will be on hand to share their knowledge and offer encouragement and guidance to help run your charity.

The session is particularly aimed at anyone in Dudley or Sandwell boroughs who:

  • Is interested in learning more about being a charity trustee before they become one
  • Is a new trustee
  • Has experience of being a charity trustee that they’d like to share or would like to improve their knowledge
  • Would like to find out about organisations in their areas that might be looking for charity trustees
  • Represent a charity that has trustee vacancies

This virtual session will be held on Zoom. Please register your place (via Eventbrite) to ensure that you are sent joining instructions.


5 Minute Leaders’ Survey 2021

Whilst the Covid-19 pandemic and national lockdown have turned normal life upside down and presented many challenges for us all, the Voluntary and Community Sector have remained steadfast throughout and, in Sandwell, have extended their lifeline to residents and communities in many different and innovative ways.  This last year has demonstrated the value we all know and see every day within the Sector: the commitment of staff and volunteers to ensure no-one is left behind, the skill and expertise to think differently and move quickly to do what needs doing.

Through our VCS Leaders Survey 2021 we will create, and share with you, a picture of our local VCS in Sandwell.  We invite you as VCS leaders to tell us about your recent experiences, your thoughts on what opportunities and challenges you face and how you see the future working out.  We will share the findings of this quick survey on our website www.scvo.info and via our regular e-bulletin.  We will also ensure, as ever, that local strategic leaders and partner organisations such as Sandwell Council and the health service understand what our Sector brings to Sandwell and how we might work better together in the future.

To complete the survey please view – https://www.surveymonkey.co.uk/r/XSTLLR3

The information you give to us will be treated in the STRICTEST CONFIDENCE.  Figures drawn from this survey will only be shared as a collection of data – no individual information/names of participants will be disclosed to any third party.

Please complete as much as you can of this survey.  If you have any questions relating to this survey, or if you feel SCVO can help you in any way, please contact Leona Bird on 0121 525 1127 or e-mail leona@scvo.info.  Please complete the survey by Thursday 30th September 2021.


Chair and Trustees sought for Board

A registered Sandwell charity is looking to recruit Trustees and new Chair of Board. The established social care provider cares for approximately 600 vulnerable adults providing the following care services:

• Residential care for older people with dementia
• Residential care for older people with dementia
• Respite care for adults with learning disabilities
• Day care for adults with learning disabilities.

The charity is looking to supplement its existing Board in preparation for the next phase of their development and are seeking to recruit people with experience in one of more of the following areas:

• Financial management
• HR management
• Regulatory experience or operational experience within a successful social care setting
• Social housing management.

If you feel that you have the requisite experience to become a member of the board, and wish to express your interest, please contact Andrew Coley, Financial Director on 0121 500 1253.

The organisation is also looking for a new Chair of the Board, so please indicate, when expressing an interest, if you wish to take on this additional responsibility.

 

 


Electronic Signature on Charity Accounts

The Charity Commission have recently updated the accounting and reporting guidance regarding e-signatures.

Unless your governing document has specific requirements on the matter, e-signatures can now be used on both accounts and reports kept by the charity and those filed with us.

To read the full guidance requirements click here.


Charity Reserves One of the Most Often Misunderstood Terms

In the Directory of Social Changes latest post they explain why charity reserves are one of the most misunderstood financial terms in our sector by people from our sector with points to consider.

The issue of reserves is complex and morally ambiguous – to have them is considered both good and bad depending on your perspective. We should not expect such a nuanced issue to have simple answers. Similarly, we should not be so quick to judge.

To read the full post and points to consider click here.


Key Changes to the Charity Bill

On 11 May 2021 as part of the Queen’s Speech, it was announced that The Charities Bill proposes to make several technical, but important, changes to charity law.

The key proposals include:

  • charities and trustees will be able to amend their governing documents more easily – remaining subject to the Charity Commission for approval in certain circumstances;
  • charities will have access to a much wider pool of professional advisors on land disposal, and to more straightforward rules on what advice they must receive, which could save them time and money when selling land;
  • charities will have more flexibility to make use of a ‘permanent endowment’;
  • trustees will be able to be paid for goods provided to a charity in certain circumstances, even if not expressly stated in the charity’s governing document (currently trustees can only be paid for supply of services).
  • charities will be able to take advantage of simpler and more proportionate rules on failed appeals.

Find out more about these changes by clicking here.


Warning! Charity Commission Winding Down Policy Letting Charities Delay Accounts

Charity Commission is in the process of winding down their policy of letting charities delay their account submission. They have announced that charities who have been granted an extension to filing their financial update have until 30 September 2021 to submit their documents. 

Find out more by clicking here.

 


Setting Up a Committee for Your Non-profit Group

When running a community group, club or charity, it is good practice to make sure a formal management committee is in place, even if your organisation or project, is too small to register as a charity.

This new post from Zurich Insurance shares some useful tips and resources about setting up a committee.

If you are a Sandwell based organisation, don’t forget you can access free support from SCVO to help you get started and to consider what options are available by emailing support@scvo.info or calling us on 0121 5251127.

Source: Zurich


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