A recent article in Third Sector Finance published a report commissioned by the Charity Finance Group and others indicating that from their survey, most charities would be unable to add to their reserves. It made me ask another question; are they really unable or is the truth that they are not prepared to make some hard choices?
When I read a set of charity accounts, believe it or not I read the Trustees' report first and don't just look at the figures. Most of the time but not always there will be a small paragraph telling me that the trustees have either undergone some formal training or more often that not have undergone some sort of induction process which includes giving them some documentation to read which may or may not include some booklet or other issued by the charity commission.
At long last the Charity Commission are seeming to tackle the long awaited opportunity of converting from a Charitable Company to a CIO (Charitable Incorporated organisation). They are opening a consultation process which invites feedback on the proposed conversion process, and associated consequential changes. The consultation closes on 10th June and details can be found on the Charity Commission Website under the document entitled: