For Charities

The Charity Commission have recently issued some accounting templates for Charitable Companies whose income is less than £500k. There are already templates in place for small unincorporated charities but these new ones contained in Charity Commission Booklet CC17, not only comply with the latest Charity SORP 2015 (FRS102) but have been issued in agreement with Companies House which hopefully will stop them being rejected by Companies House as happens all too often. Those of you who have accounts prepared by accountants without the aid of templates can of course continue to do so.

As Christmas approaches and charities think about the New Year it is a good time to think about some New Year Resolutions for your charity and most require both short and long term planning. So my top tips are as follows:-

People who have known me for a while have listened to me bang on before about charities wasting resources by not collaborating more with one another. So I was interested in an article contained in the Midlands edition of the latest Insider Media bulletin which contained the following paragraph:

" Earlier this year Coventry University joined forces with Birmingham City University and the University of Wolverhampton to launch the West Midlands Combined Universities (WMCU). This collaboration between three like-minded institutions is intended to provide the recently formed West Midlands Combined Authority (WMCA) with a powerful resource with which it can meet its objectives around skills, employment and productivity."

Now universities are well known for being competitive with one another; not least in competing for good quality students so why this level of co-operation and what can charities learn from this?

Last weekend I facilitated a two day meeting to formulate a new strategy for an international learned society. The first day was spent considering where they were as an organisation and where they would like to be. The second day consisted of formulating ideas as to how to get there. This particular charity has 4 officers of a 15 strong executive committee who are mominated as trustees by virtue of their office but report to the executive committee who are responsible for setting the strategy. There is also a part time "Chief Executive" who is responsible for the day to day affairs of the charity. Other charities  of course are organised in many different ways. However, the point which became clear on day 1 and which I want to discuss was that the strategy making body felt distanced from those making the day to day decisions i.e the "trustees" (operating as their nominees) and the Chief Executive.

Please see Charities Newsletter below

 

pdfCharities Newletter Summer 2016