How effective is your charity?
As trustees, and the people responsible for running your charity, it’s important to regularly review your charity’s effectiveness. What challenges are you facing? Is the charity’s structure effective? What changes are you considering implementing?
The Charity Commission has published a 15-question checklist to help trustees review how your charity operates and make sure it’s prepared for the future.And it’s even more important to do this in changing or uncertain economic climates. Trustees need to ask tough questions from the outset and regularly consider how your plans are going.
Part of the Commission’s ‘Big Board Talk’ series on trustee decision-making, the checklist covers all stages of the financial cycle. It’s designed to help you respond appropriately to change by developing plans and timetables for action. It supports general good practice as well as how to deal with situations that may arise.
Even if things seem to be going well, don’t become complacent – make sure you regularly consider your charity’s financial resilience. For example, your business plan should set out how you will manage identified risks like an over-reliance on grants or a lack of reserves. See the checklist on the GOV.UK website