Press attention to a series of scandals in charity fundraising, including the sad case of Olive Cooke, apparently pestered to her death by those seeking donations from her, has no doubt been responsible for a number of recent reforms and initiatives in this area. These follow a review of fundraising in the voluntary sector carried out by Sir Stuart Etherington of the National Council Of Voluntary Organisations (NCVO) and include:
- The inclusion of a new legal regime for charity fundraising in the Charities (Protection and Social Investment) Act 2016
- The establishment of the new office of Fundraising Regulator with responsibility for the Code of Fundraising Practice
- The merger of the former Institute of Fundraising with the Public Fundraising Regulatory Association
Together the reforms will place new emphasis on the personal responsibility of trustees for fundraising.
This webinar will look at the overall impact of these developments, as well as the detail of the new statutory rules.
The second part of the webinar will look at the rules regarding the use of funds within a charity. In addition to the rules requiring funds to be spent in the fulfilment of a charity’s purposes and the new rules in the Charities (Protection and Social Investment) Act 2016 permitting “social” investment, the webinar will consider:
- The possibilities and difficulties of borrowing by a charity
- The sometimes complex rules concerning the maintenance and monitoring of reserves, and the differences between “endowment”, “designated” and “restricted” funds
- The development of a reserves policy, and reporting on reserves policy
- Charity Commission guidance in this area
This webinar will be of interest and benefit to all those advising charities and their trustees, to trustees themselves, as well as to chief executives, finance directors and other finance professionals working within charities.