Published on: 22nd August 2017
The central objective behind the actions of these three organisations is to ensure:-
This is to be welcomed by charities. However, as they face the daily challenge of meeting the needs for those they seek to support it can prove to be a bureaucratic nightmare.
However, getting the culture right will get charities into the habit of good practice very quickly and therefore these changes are to be welcomed and not ignored.
We recommend that your Board of Trustees urgently review and rolls out an audit covering the following points:-
Transparency and accountability are principles to be welcomed and this is part of a deeper change that is taking place in relation to the charities’ relationship with donors and those who they seek to serve. Regulatory bodies are rightly expecting high standards and certainly the public are expecting a more open and accountable system so they can see exactly where their money is directed. These changes are not to be feared.
The development of good practice and good culture is to be encouraged. It may need some internal shaking up within organisations but the short term pain will be worth it to ensure that charities are well placed to meet the challenges that they will undoubtedly face in the future giving the changing population and the continuing reduction of government spending and support in certain key areas.
If you require advice on charity regulation compliance or assistance on how to resolve and prevent breaches, please do not hesitate to contact David Gibson – Head of Charities Fundraising Regulation at Short, Richardson & Forth on 0191 211 1524 or email, Andrew Swan – Head of Regulation and Financial Crime or Sheila Ramshaw - Specialist in Regulation & Financial Crime.