governance

Guidelines on Reserves Policies for Charities (March 2016)

Income needs to be spent promptly in line with prudent management of the finances.  

Finance

 Good financial management will keep your organisation efficient and effective...

Management vs Governance

The larger an organisation is, the easier it is to define the boundaries...

Understanding the differences

The governing body must govern; that is, it must provide leadership and strategy and must focus on the 'big picture'.

Managing People

Responsibilities of Governing Body

 The specific responsibilities of company directors include complying with the Companies Act...

 Responsibilities of the governing body as a whole

Responsibilities of Officers

For a treasurer, you need a person who is good at figures, understands accounts, and can explain accounts in layperson’s terms... 

Your constitution, rules or memorandum and articles of association will usually specify whether your governing body comprises specific honorary officers.

Budgeting

Find out as much as you can about what is to happen and use your judgement as an organisation to work out a best case and a worst case scenario... 

In good times, you may have paid relatively little attention to budgeting or to monitoring outcomes against budgets and available resources, apart from project budgets and outcomes that y

Ensuring Human Resources are Managed

Governing bodies should ensure there are open channels of communication with employees and volunteers and consult them on issues of importance...

Duty of care

Holding Effective Meetings

Governing bodies should ensure there are ways for confidential matters to be recorded, and minutes to be filed securely...

The vast majority of a governing body's work is carried out through meetings of one kind or another.

Planning

Holding an 'away day' led by an external facilitator can be an effective means of kick-starting the planning process...

Planning is vital as it prevents wasted resources, haphazard developments and conflict. Planning is one of the main contributions a governing body will make to organisational success.

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