Calling all Charities - 2019 is the year to get your house in order.......

The Charities Regulator intends that 2019 will be a “year of learning and preparation for charities” in relation to their new Governance code. All charities are expected to comply with the code by 2020 and, from 2021, all charities will be required to report on their compliance with the code on an annual basis, by filling out a (50 page) compliance record form.

So what does this mean? Well regardless of the size of your organisation all charities need to be firstly registered with the regulator, secondly they need to ensure that their board is fully aware of their responsibilities and thirdly they need to fill in and submit their compliance form. This Code replaces the previous voluntary code which was launched a number of years ago by a collective group of charities and is thankfully much more streamlined and easier to navigate. The code consists of six principles of governance. These are:

  1. Advancing charitable purpose;
  2. Behaving with integrity;
  3. Leading people;
  4. Exercising control;
  5. Working effectively;
  6. Being accountable and transparent.

Many small organisations have concerns that the code will add to their workload and is nothing more than a paper exercise. In the beginning, yes organisations will need to spend some time on completing the necessary paperwork and ensuring their organisation operates within the Charities Act 2009. But like everything in life, it is the thoughts of doing something which is more stressful than the actual task itself. Also it is important to remember that Governance is not a new concept, it is a core aspect of every company and organisation across the world. According to PwC corporate governance is “a performance issue,” because it provides a framework for how your company operates.

It is also important to remember that simply implementing the governance code isn’t the same as achieving success. Most examples of good governance have something in common, too: they’re built on a foundation of transparency, accountability and trust. When meeting with my clients I advise that they start the process now with their board otherwise they will only be adding to the stress by leaving it any longer. Also it is important to remember that boards are made up of voluntary members who might only meet 8 times in the year therefore that does not leave much time to get through the necessary paperwork.

Maighréad has been a Company Director since 2014 and is both experienced and knowledgeable in the area of governance and assessing governance compliance within organisations. She will work with your charity, organisation or social enterprise to help your CEO and board of directors to identify the areas of priority in order to be compliant with the Charity Regulators Governance Code. She will then provide you with support, assistance and guidance in order to address those priorities. For more information on the services that Maighréad provides go to www.maighreadkelly.com or check out Maighréad’s experience on https://www.linkedin.com/in/maighreadkelly/[/vc_column_text][/vc_column][/vc_row]