How to ensure your charity board is financially competent

It is a given that strong and effective engagement by trustees in finance makes a tangible difference to the impact that a charity can have on its beneficiaries, hence striving for outstanding performance must be essential. There is an increased recognition that it is not only systems and process that are important, but the softer areas of attitudes and behaviours.

The Charity Governance Code indicates that all trustees should be committed to good governance and want to contribute to their charity’s continued improvement as well as understanding their roles and legal responsibilities. But trustees often don’t know what represents strong competency nor how to achieve it.

There is no silver bullet to achieve strong financial governance, but awareness of these issues and seeking to do at least something, will result in significant benefits.

This webinar, in partnership with ICAEW, is directed at trustees and senior executives of charities and will provide you with a simple framework and practical guidance to ensure your board is well-engaged and universally involved in being financially competent.

Ensure your board is financially competent by:

  • Securing commitment
  • Avoiding complacency
  • Establishing skills; and
  • Instilling competency

Speakers

Sudhir Singh, Partner and Head of Not for Profit, MHA

Sudhir is a Partner and Head of Not for Profit at MHA. Sudhir has been a specialist Not for Profit audit partner for 20 years and has worked in the sector for 30 years, joining MHA in 2013. Prior to this he was a specialist Not for Profit Partner or headed the sector groups for three other top 15 firms – RSM, Crowe and Mazars. He provides a wide range of assurance and advisory services to charity, education and other Not for Profit clients. He has extensive experience as a trustee and is currently a member of the Council of the Royal College of Art.

Helen Blundell, Director, MHA

Helen is a Not for Profit Director with more than twenty years’ experience in the Not for Profit sector, including working with charities, academies, schools and other Not for Profit bodies, and holds the ICAEW Diploma in Charity Accounting as well as a post graduate certificate in Charity Accounting and Financial Management. She works across MHA’s Birmingham and Leicester offices and acts as engagement principal on audits as well as advising on special assignments across a range of issues and delivering training on a regular basis for clients, staff and sector bodies such as Charity Finance Group. Helen served as a trustee of Birmingham Cathedral for more than six years. She has also acted as an Interim Manager appointed by the Charity Commission.

Charity Financial Reporting – an essential update

Major changes are expected in charity financial reporting. Our essential update webinar will bring you up to speed with anticipated changes both in the UK and internationally.

Consultations are current being undertaken for the Charities Statement of Recommended Practice and for International Financial Reporting for Non-Profit Organisations (IFR4NPO). Hear from individuals involved in these consultation processes and the significantly changed requirements we can expect to see. Changes are also anticipated in the areas of narrative reporting, including both impact and sustainability reporting. Our webinar will provide best-practice advice from experts in both these increasingly important areas.

So, whether your annual financial statements are prepared for compliance purposes, or if they are a key communication tool with your stakeholders, our webinar will provide essential information, so that you are well-briefed on both future requirements and on best practice.

This webinar is aimed at finance directors, senior financial executives, and trustees.

Key topics:

  • Charity SORP consultation update
  • IFR4NPO consultation update
  • Best practice in impact reporting and sustainability reporting
  • Q&A

Speakers:

Our speakers have decades of experience guiding charities with financial reporting matters.

Click here to download a copy of the slides used in this webinar.

Good governance – key updates and guidance for 2021-22

Join our experts for advice and practical guidance to help you implement good governance for your charity.

Aimed at trustees who are responsible for the good governance of their charity, as well as advisors, chief executives, financial directors and executives, this webinar will provide best practice recommendations, key updates, and practical guidance, to help you develop high standards of governance in your charity.

The Charity Governance Code defines good governance as being “fundamental to a charity’s success”. High standards of governance will support a charity’s compliance with the law and relevant regulations. It will promote a culture in which all activities and policies work towards fulfilling the charity’s long-term vision.

With the changing landscape of the charity sector and the impact of the pandemic, it is vital that charities put governance at the heart of their strategy now. Some key aspects to consider are the long-term goals of your charity, what policies and activities are in place to achieve those goals, and ensuring the charity is run in a legal and compliant way.

Key topics

  • Charity Governance Code – what has changed?
  • How to adopt good governance for your charity
  • Financial governance good practice
  • A Trustee’s perspective on good governance
  • Q&A

Speakers

Our speakers have decades of experience helping charities successfully address governance challenges.

The webinar will comprise of a presentation from our charity experts, followed by a Q&A session to allow attendees to ask about any specific governance issues their charities may be facing.

This webinar is free of charge and open to all those affected by the issues that will be discussed. Places are limited so please register early to avoid disappointment.

REGISTER HERE

Once you have registered, you will receive a confirmation email with your unique link to access the webinar on the day.