Bridgehouse Charity Financials Article – July 2019
This month our Consultant Jo Steel appears in Charity Financials and provides a summary of the six fundraising principles and top tips for trustees, outlined by the Charity Commission on the duties of trustees in relation to charity fundraising. Jo also provides further insight around elements that trustees should be mindful of. Below is a short snippet taken from the article, which you can read in full here:
The Charity Commission publishes “Charity fundraising: A guide to trustee duties” which all trustees should be familiar with. The following summarises the Commission’s six fundraising principles and our top tips for trustees. It is however, an overview and trustees should read the guidance in full.
- Plan effectively
- Set your charity’s overall approach
- Trustees must set the funding needed as well as why, how and when it will be achieved.
- Include fundraising methods; resources needed and their costs; financial and reputational risk management and how the fundraising reflects the charity’s values.
- Monitor progress against the fundraising strategy.
Top tips for trustees
Trustees should ensure they are familiar with the Guidance and Code and agree on an appropriate fundraising strategy. They should receive sufficient reporting on fundraising to enable proper oversight, and that the Risk Register covers the risks relating to fundraising. Finally, they should conduct an annual check using the Fundraising Checklist to ensure they remain compliant in this crucial area of activity.