How to run a charity
This guide offers practical support and advice to anyone involved in the management and administration of charities. Looks at the legal framework, finance and managing assets, the role and responsibility of charity boards and trustees in both theory and practice. Includes case studies of both good and bad practice. Updated to reflect the latest legislation including the 2015 Charities SORP and the Charities (Protection and Social Investment) Act 2016.
Contents
1. Legal and regulatory context
Chapter 1 looks at the standing of a charity in law as well as the regulatory framework in which they operate and the legal forms available to charities including the new charitable incorporated organisation (CIO) form.
2. Constitution: the governing document
Chapter 2 deals with the constitution of the charity, depending on the legal form of the charity.
3. Governance and management
Chapter 3 examines governance issues such as the role and liabilities of trustees, the effectiveness of charity governance and the Charity Governance Code.
4. Members and membership matters
Chapter 4 looks at membership matters such as matters reserved for the members, members rights, duties and liabilities, members meetings and annual general meetings.
5. Public accountability and reporting
Chapter 5 deals with the accountability to stakeholders and reporting issues such as Charity annual return and account filing, independent examination and audit.
6. Good stewardship; the correct application of funds and assets
Chapter 6 examines stewardship issues such as conflicts of interest, risk management and payment of benefits to and transactions with trustees.
7. Operating the charity
Chapter 7 looks at operational matters such staff and volunteers, record keeping, health & safety and safeguarding.
8. Resourcing the charity: funding and fundraising
As well as funding and fundraising, Chapter 8 deals with tax and VAT, trading and investments.
Appendix 1: Role description for charity trustee
Appendix 2: Role description for chairman
Appendix 3: Role description for treasurer
Appendix 4: Role description for secretary of a charitable company
Appendix 5: Role description for secretary
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Disclaimer
The publication does not necessarily deal with every important topic or cover every aspect of the topics with which it deals. It is not intended to provide legal advice and should not be treated as a substitute for legal advice. Legal advice should always be sought before taking action based on the information provided. The authors bear no responsibility for errors and omissions.
The Institute of Chartered Accountants in England and Wales (as distributor) disclaims all liability for any errors or omissions.