ICAEW Charity and Voluntary sector community to split
From January 2019 the existing ICAEW Charity and Voluntary sector community will split into two groups, the Charity Finance Professionals Community and the Volunteering Community, explains Gillian McKay, ICAEW Head of Charity and Voluntary.
The change will reflect the structure of the community which consists of three groups - those who work with or in the sector, those who volunteer for the sector and those who belong to both groups. This will also ensure that community members get the best value.
For example, those in the first group may have no need of volunteering benefits such as professional liability insurance for volunteering activities, just as those in the second group may not need the services we offer for charity finance professionals.
It therefore made sense to create a separate Volunteering Community, which will be £30 for 2019, containing only benefits relevant to volunteers and reduce the costs of the Charity Professionals to £60.
Joining and benefits of the new communities
The Charity Finance Professionals Community is aimed at those engaged with the sector as professional advisers, finance directors and other senior charity managers with an interest in finance. It will keep members abreast of developments in charity accounting, taxation and governance.
Benefits include a regular newsletter with updates in these areas, discounts at ICAEW charity conferences and seminars and the opportunity to feed their views into ICAEW consultations relevant to the sector.
The Volunteering Community is for those volunteering in the sector, for example as a trustee, providing pro bono financial services or as a befriender or sports coach. Benefits include free professional liability insurance for all volunteering activities with UK not-for-profit organisations, free access to the new trustee training modules ICAEW is developing and a regular newsletter containing information on volunteering matters.
ICAEW members can select which communities to join during their fees renewals process or directly through the ICAEW website once the communities go live in January.
Fee paying members of the Charity and Voluntary Sector Community will automatically be enrolled into both new communities, so those that only wish to be in one should de-select the other when renewing their membership.
Gillian McKay is Head of Charity and Voluntary Sector.
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