The Charity Regulator published its 2021 Annual Report and the some of the key points from the report are:- 69% of registered charities declare they comply fully with the Charities Governance Code 568 concerns were raised (22% increase on 2020) and 2 statutory investigations commenced 64% of charities submitted their annual report on time –
Registered charities are required to report on their compliance with the Charities Governance Code (“the Code”) to the Charities Regulator for the first time during 2021. Charities are required to declare their compliance status as at the date they file their Annual Report, which is 10 months after the financial year-end of the charity. This
The new Charities Governance Code was published on 7th November 2018. The Code sets out the minimum standards Charities should meet to effectively manage and control their charity. The purpose is to help charities to meet their legal obligations under the Charities Act 2009. This is something many charities struggle. The Code is written with
Corporate Governance is becoming vital to all companies even SME companies. A corporate governance manual or board manual can bring clarity to the board of directors on what their role and responsibilities are and what is expected of them. It can also detail the best governance practices that the company can apply.
A revised version of the Governance Code for Community, Voluntary and Charitable Organisations was published on 27th October, 2016. The Code is principles-based and is adopted on a “comply-or-explain” basis. It comprises a set of recommended practices for the boards of community, voluntary and charitable organisations. In late 2015 the Governance Code Working Group (GCWG)
The Console scandal is just another example of the lack of implementation of governance standards in the charitable sector. The public are shocked when these cases get highlighted but we have to understand where these organisations start from and how they are funded and the experience of the persons that end up running the organisations.