Governance & Finances
Transparency at The Wheel
We believe that charities should emphasise their impact and trust-worthiness through transparency to the public.
In The Wheel, we are committed to maximising transparency and demonstrating clear accountability in how we do our work.
As a result, we have adopted in full a range of ‘good practice’ standards: The Governance Code for Community, Voluntary & Charitable Organisations; the Statement of Recommended Practice (SORP) for our annual reporting and all of the guidelines and recommendations for charities published by the Charities Regulator.
We will continue to refine this as a tool to increase our accountability to our members, funders and the public.
This website is one of our primary channels for delivering transparency in how we do our work and we encourage anyone with ideas on how we can do better to contact our college Tony Ward at email@example.com.
In order to make information about important things like finances and salaries as easy as possible to find, we provide the most pertinent points from the Director’s Report and the Audited Accounts from 2017 below.
See also: Annual Accounts
A look back at 2017 at The Wheel
2017 was a milestone year for The Wheel, in that it marked the first year of our ambitious strategy, Stronger Charities, Stronger Communities (2017 - 2020).
The scope, reach and impact of our work grew significantly in 2017. We launched a range of new initiatives and services that expanded the scope of our work at the grassroots, national and European level. Our membership has grown for fourteen years running, and in 2017 surpassed the 1,300 mark, strengthening our position as the largest representative body for the sector.
In 2017, Rotha (trading as The Wheel) had an income of €1,527,950 and spent €1,491,222 on services for our members and supporting their needs and those of the wider sector.
The major elements of expenditure in 2017 were on staffing costs related to: member- services, training information provision, research and advocacy; and secondly, on the implementation of the National Training Fund co-funded ‘Sector Skills’ programme of specific training and supports.
Financial performance and income diversification
In 2017 both statutory and income from other public sources (EU) performed strongly as did earned income from membership, training delivery and other projects.
The main differences between income for 2017 of €1.527m and income in 2016 of €1.423m are: the Carnegie (UK) Trust funded project (which contributed additional income of approximately €40,000 in 2017), increases in membership income of approximately €20,000 in 2017 and a general increase in earned income from training events.
- Advocacy & Policy: €208,092
- Training: €545,504
- Information & Supports: €381,865
- Membership: €221,402
- Donations & Sponsorship: €171,087
Total expenditure: €1,491,222
The major elements of expenditure in 2017 were on staffing costs related to: member-services, training information provision, research and advocacy; and secondly, on the implementation of the National Training Fund co-funded 'Sector Skills' programme of specific training and supports.
The average number of employees over the year: 18
Senior management compromised of the Chief Executive Officer, Director of Public Policy, Director of Programmes, Director of Business Development and Director of Finance.
The salaries paid to the highest earners are as follows where the salary range is provided in steps of €10,000 per annum:
€60,000 - €70,000: 3 people
€70,000 - €80,000: 1 person
€80,000 - €90,000: 1 person
The Chief Executive Officer (CEO) was the highest earning employee. The CEO's remuneration package comprised of a gross salary and health-insurance benefit in kind totalling €88,212, plus an employer's pension contribution of 6% of gross salary which was €5,166. In 2017, the total value of the CEO remuneration package in full was therefore €93,378.
The Wheel has a staff team based in an office in Dublin, and headed by a Chief Executive Officer who reports directly to the board through the Chairperson. A management team of four reports to the Chief Executive and all other staff report to members of the management team.
Decisions reserved for only the board of directors to make include:
- The Company’s strategic plans and annual operating budgets;
- Projects outside the scope of the strategic plan;
- Business acquisitions and disposals;
- Appointment/Removal of Subgroup Chairs and Members;
- Appointment/Removal of Chief Executive Officer;
- Appointment/ Removal of Auditors;
- Approval of Borrowing/Finance Facilities;
- Approval of Contracts with term exceeding one year or financial liability on The Wheel exceeding €60k;
- Annual Review of Risk and Internal Control; and
- Approval of new staff positions; and
- Approval of changes to membership categories or rates.
- Download The Wheel's Constitution
- Download The Wheel's Terms of Membership
- Download The Wheel's Election Rules
- Download The Wheel's HR Strategy
Feedback to the Board
The Wheel is eager to strengthen and develop channels of accountability between our members and the Board. To that end, we have a special Membership-Board Accountability Policy, which includes the following provisions:
The Board will formally report to members twice a year about progress being made in implementing The Wheel's 'Being the Change' strategy.
Members will are invited to provide their feedback directly to the Board (via a dedicated email address: firstname.lastname@example.org and at our member forums across the country). Feedback and comments received by the board will be recorded and reviewed annually by the board.
Download our Board Policy document (PDF).
The Importance of Collaboration
The Wheel's strategy, Stronger Charities, Stronger Communities (2017 - 2020), demonstrates how much we value collaborative working in the Irish community and voluntary, charity and social enterprise sector.
We value collaborative working as a way of increasing the value and impact of our work and strengthening our sector.
Collaboration in Action
In 2017 we collaborated with a wide range of partners to influence policy and deliver programmes and services. Key amongst these were our wide range of national and EU-funded programmes, and our various engagements with the Charities Regulator.
In addition to the snapshot above, you can download a list of our collaborations below.
The Wheel initiated and completed a comprehensive review of our communications channels in 2017, for the purpose of ensuring our adherence to the forthcoming GDPR legislation, as well as to assist our members in preparing for the same.
The Wheel has a vigorous complaints policy, put in place for the purpose of upholding the standards and quality of the interaction of all representatives of The Wheel with our members, the general public and other stakeholders.
We have designed our complaints policy to be as straightforward and efficient as possible, to ensure that any individual or organisation who may see fit to lodge a formal complaint that The Wheel takes their feedback and input seriously and in the spirit of full openness.
The Year in Numbers
Download Our 2017 Infographic