elliot@strategyandgovernance.co.uk
07896 894 711
The subject of Conflicts of Interest has been exercising the little grey cells recently both from a personal and a professional point of view. On a personal level I found out in retrospect that somebody who was part of a group I am working with, had been involved in a contract with a charity I am a trustee of.
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On Saturday, I read an article in the newspaper which related to NHS tendering. The article was bemoaning the length of time it took to get a tender through and commence the work.
Recently, I attended the ICAEW charity meet up group in the Midlands received a presentation from Richard Hunt of CAF Bank on the thorny question of charity banking.
A question for you; what does an ex-accountant know about choosing a new advisor?
Well as the one often being asked to tender for my work over the years, quite a bit as it happens! Also, one advantage of being a long-term advisor yourself, you are the trusted professional that clients come to for advice on other professionals.
'Taint what you do it's the way that you do it,'Taint what you do it's the way that you do it,'Taint what you do it's the way that you do it,That's what gets results.
From Ella Fitzgerald to The Fun Boy Three with Bananarama, who knew the Music industry gave good business advice?
When we talk about succession planning we immediately think about business owners but we forget about key and long-serving staff. The fact is, we sometimes take such people for granted and assume that like us, they will be in there for the long haul.
Over the last 5 years as part of the Governance Reviews I perform for charities, I have had the opportunity of reviewing many a Strategic Plan.
By a Strategic Plan I mean a 3-5 year plan which covers such areas as:
Trustees have a responsibility to manage charity property responsibly and to make sure assets are only used to support of carry out its purposes. It also has a duty to ensure the charity can continue in the absence of a key trustee. But what happens when a charity becomes dormant or trustees die and their fellow trustees fail to act?
The announcement of the seperation and impending divorce of Bill and Melinda Gates this week after 30 years of marriage came as a shock to many people and without speculating on the cause made me ponder, not for the first time, on the impact of business success on family life.
A a trustee of a grant making charity who do you choose to support? The most important thing before you make any decisions is to read your constitution carefully to make sure you clearly understand your objectives as a charity. I lay great emphasis on this as a recent example illustrates.
Ten months into the Covid 19 Pandemic, most charities have yet to report on the impact Covid has made on their services and finances.
Yes, those with 31st March 2020 year ends reporting in late 2020 have been able to report some of the impact as a post balance sheet event but it is in 2021 that the full effects will be reported on.
If you are a small or medium sized enterprise, as we approach the end of the Annus Horribilis that was 2020 and try and look forward to 2021 the future holds lots of uncertainties.
On 1st January we are out of the EU on terms we currently still don’t know.
Have any questions or want to find out more?
Call Elliot Harris on 07896 894 711 or email elliot@strategyandgovernance.co.uk.
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