June 2022 Finance Network Meeting – ‘SORP – essentials of good financial reporting.’

The next Finance Network Meeting will take place on Wednesday 29th June from 11:00 to 12:30 and will focus on the topic ‘SORP – essentials of good financial reporting’.

This is a quick reminder that the next Finance Network Meeting will take place on Wednesday 29th June from 11:00 to 12:30. Naziar Hashemi, National Head of Social Purpose and Non Profits and Mark Atkinson Director, Social Purpose & Non Profit Organisations from Crowe U.K. LLP will present on the topic ‘SORP – essentials of good financial reporting’. Find out full details below, including how to book your place.

The Charities Statement of Recommended Practice (SORP) provides recommendations and requirements setting out how to prepare ‘true and fair’ accounts in accordance with UK accounting standards. The SORP is updated from time to time to take account of changes to accounting standards and/or charity law.

As the vast majority of Local Age UKs and Cymru Partners start to develop their 2021-22 year – end financial reports we thought this would be a suitable time to update on the key requirements of the SORP and are grateful to the team at Crowe for their support with this. The presentation will focus on the following areas:

  • Risks
  • Reserves
  • Going Concern
  • Impact
  • Governance
  • Income Recognition

This will be an opportunity for colleagues from across the network to reaffirm and update their knowledge and to raise questions – obtain further insight and guidance – on this important topic from the specialist team at Crowe.

Book your place!

To register your attendance, and / or to subsequently receive a copy of the recording of the event and the slides, please simply send an email to John.Fox@ageuk.org.uk  with your name and role title, the name of the Brand Partner you are representing and the email address to which the follow-up material should be sent.

We would be grateful if you could confirm in your email whether you will be attending on the day or just requesting access to the meeting recording and supporting slides – thank you.

The session is open to all relevant management, staff and trustees in Local Age UKs and Cymru Partners. So please share this information with colleagues in your organisation who you feel would be interested in attending.

Free webinar | Learn about Digi-Board – A new board evaluation tool

Digi-board are running a free webinar where you can learn more about Digi-Board and hear how the board and senior management team at Age UK Lancashire have used the platform.

Digi-Board provides tools to help charities to overcome the complexities of governance. They’re running a free webinar where you can learn more about Digi-Board and hear how the board and senior management team at Age UK Lancashire have used the platform. The webinar will take place on Tuesday 28 June from 11.00am to 12.00pm – read on for full details, or click here to book your place.

When resources, time and money are scarce, governance is often put on the back burner to be dealt with later. Yet, many charities have found that, if anything, the pandemic reinforced the idea that improving governance helps us all manage what we have more efficiently.

So what does it take to get to good governance in a time and cost effective way? And how do you evaluate the hard and soft drivers?

Digi-Board provides tools to help you address these challenges and overcome the complexities of governance – enabling you to assess your governance practices against the principles of the Charity Governance Code and other critical factors for good governance.

This free webinar will provide an opportunity for you to learn more about Digi-Board and hear how the board and senior management team at Age UK Lancashire and other charities took the bold step to use Digi-Board’s innovative digital approach to assess their governance effectiveness and learn how they identified what and where to improve.

Learn more about how they used data driven information, actionable insights and benchmarking to do things better to improve the overall effectiveness, performance and governance of the charity.

Speakers:

  • Helen Michaels CEO and Co-Founder – Digi-Board
  • Teri Stephenson CEO – Age UK Lancashire
  • David Burland Founder – dbassociates and Digi-Board associate consultant

Book your place

The webinar will take place on Tuesday 28 June from 11.00am to 12.00pm.

To register for a place, please click here.

January Finance Network Meeting – One Week to go!

Just one week to go until the next Finance Network Meeting on January 19th from 11:00 – 12:30. This session will focus on the topic “Big Plans, Strategy & Business Models”.

Just one week to go until the next Finance Network Meeting on 19th January 2022 from 11:00 – 12:30. Nick Wilkie, former charity chief executive, government policy adviser and visiting lecturer at The Centre for Charity Effectiveness, will present on the primary topic: Big Plans, Strategy and Business Models – thinking out loud. Find out how to book your place below.

Nick will share his personal perspectives on leading and landing strategy. Sharing experience not expertise, failure more than triumph, he will reflect broadly across the subject including:

  • making sure everyone in the organisation knows where true north is;
  • knowing who the beneficiaries really are;
  • ensuring all decision-makers properly understand the balance sheet and business model;
  • why things go wrong and how they might get fixed.

Book your place

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk  with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. We would be grateful if you could confirm in your email whether you will be attending on the day or just requesting access to the meeting recording and supporting slides – thank you.

Please share this information with colleagues in your organisation who you feel would be interested in attending and encourage them to do so.

January Finance Network Meeting – Book your place!

Book your place at the next Finance Network Meeting on January 19th from 11:00 – 12:30. This session will focus on the topic “Big Plans, Strategy & Business Models”.

The first Finance Network meeting of the new year will take place on 19th January 2022 from 11:00 – 12:30. Nick Wilkie, former charity chief executive, government policy adviser and visiting lecturer at The Centre for Charity Effectiveness, will present on the primary topic: Big Plans, Strategy and Business Models – thinking out loud. Find out how to book your place below.

Nick will share his personal perspectives on leading and landing strategy. Sharing experience not expertise, failure more than triumph, he will reflect broadly across the subject including:

  • making sure everyone in the organisation knows where true north is;
  • knowing who the beneficiaries really are;
  • ensuring all decision-makers properly understand the balance sheet and business model;
  • why things go wrong and how they might get fixed.

Book your place

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk  with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. We would be grateful if you could confirm in your email whether you will be attending on the day or just requesting access to the meeting recording and supporting slides – thank you.

Please share this information with colleagues in your organisation who you feel would be interested in attending and encourage them to do so.

Reminder: December Finance Network Meeting this Wednesday

The next Finance Network Meeting will take place this Wednesday 15th December from 11:00 – 12:30. This session will focus on “Charity Legal Structures”.

A final reminder that the next Finance Network Meeting will take place on this Wednesday December 15th from 11:00 – 12:30 and the key session will be “Charity Legal Structures”. The presenter will be Nick Vaughan, of Paris Smith LLP who has been a volunteer consultant with Cranfield Trust since early 2020. To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. Read on to find out all about the meeting, along with a save the date for January’s meeting.

Over the past 18 months, the Financial Governance Team have discussed charity legal structures with several local Age UKs, following a number of questions raised by partners. So, whether you are looking at changing your business model or want to sense-check that your governance structures are appropriate and fit for purpose as we move towards the next financial year, this will be a very useful session to attend.

The following topic areas will be included:
  • Use of Subsidiary Companies for non-primary purpose trading, and consideration of their use for primary purpose trading also
  • Risk considerations – the avoidance of risk to charity assets
  • Independent governance (not all the charity trustees are directors of the subsidiary, and vice versa)
  • Financing aspects – start-up funding; working capital; investment / loans (from the parent charity)
  • Shared premises / staff / facilities – cross-charging / management charges
  • Use of charity logo by subsidiary companies

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. Read on to find out all about the meeting.

January Finance Network Meeting – Save the Date

With lots of staff set to take leave over the next few weeks, we wanted to flag that the January Finance Network meeting will take place on 19th January 2022 from 11:00 – 12:30. Nick Wilkie, former charity chief executive, government policy adviser and visiting lecturer at The Centre for Charity Effectiveness, will present on the primary topic: Big Plans, Strategy and Business Models.

Nick will share his personal perspectives on leading and landing strategy. Sharing experience not expertise, failure more than triumph, he will reflect broadly across the subject including:

  • making sure everyone in the organisation knows where true north is;
  • knowing who the beneficiaries really are;
  • ensuring all decision-makers properly understand the balance sheet and business model;
  • why things go wrong and how they might get fixed.

This session is primarily aimed at CEOs, although FDs and trustees will be more than welcome, as ever.

Please save the date in your diaries now, as this promises to be a great session.

December Finance Network Meeting – One week to go!

There’s just one week to go until the next Finance Network Meeting on Wednesday 15th December from 11:00 – 12:30. This session will focus on “Charity Legal Structures”.

A quick reminder that the next Finance Network Meeting will take place in one week on December 15th from 11:00 – 12:30 and the key session will be “Charity Legal Structures”. The presenter will be Nick Vaughan, of Paris Smith LLP who has been a volunteer consultant with Cranfield Trust since early 2020. To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. Read on to find out all about the meeting, along with a save the date for January’s meeting.

Over the past 18 months, the Financial Governance Team have discussed charity legal structures with several local Age UKs, following a number of questions raised by partners. So, whether you are looking at changing your business model or want to sense-check that your governance structures are appropriate and fit for purpose as we move towards the next financial year, this will be a very useful session to attend.

The following topic areas will be included:
  • Use of Subsidiary Companies for non-primary purpose trading, and consideration of their use for primary purpose trading also
  • Risk considerations – the avoidance of risk to charity assets
  • Independent governance (not all the charity trustees are directors of the subsidiary, and vice versa)
  • Financing aspects – start-up funding; working capital; investment / loans (from the parent charity)
  • Shared premises / staff / facilities – cross-charging / management charges
  • Use of charity logo by subsidiary companies

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. Read on to find out all about the meeting.

January Finance Network Meeting – Save the Date

With lots of staff set to take leave over the next few weeks, we wanted to flag that the January Finance Network meeting will take place on 19th January 2022 from 11:00 – 12:30. Nick Wilkie, former charity chief executive, government policy adviser and visiting lecturer at The Centre for Charity Effectiveness, will present on the primary topic: Big Plans, Strategy and Business Models.

Nick will share his personal perspectives on leading and landing strategy. Sharing experience not expertise, failure more than triumph, he will reflect broadly across the subject including:

  • making sure everyone in the organisation knows where true north is;
  • knowing who the beneficiaries really are;
  • ensuring all decision-makers properly understand the balance sheet and business model;
  • why things go wrong and how they might get fixed.

This session is primarily aimed at CEOs, although FDs and trustees will be more than welcome, as ever.

Please save the date in your diaries now, as this promises to be a great session.

December Finance Network Meeting – Book your place!

Book your place at the next Finance Network Meeting on December 15th from 11:00 – 12:30. This session will focus on “Charity Legal Structures”.

The next Finance Network Meeting will take place on December 15th from 11:00 – 12:30 and the key session will be “Charity Legal Structures”. The presenter will be Nick Vaughan, of Paris Smith LLP who has been a volunteer consultant with Cranfield Trust since early 2020. To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. Read on to find out all about the meeting, along with a save the date for January’s meeting.

Over the past 18 months, the Financial Governance Team have discussed charity legal structures with several local Age UKs, following a number of questions raised by partners. So, whether you are looking at changing your business model or want to sense-check that your governance structures are appropriate and fit for purpose as we move towards the next financial year, this will be a very useful session to attend.

The following topic areas will be included:

  • Use of Subsidiary Companies for non-primary purpose trading, and consideration of their use for primary purpose trading also
  • Risk considerations – the avoidance of risk to charity assets
  • Independent governance (not all the charity trustees are directors of the subsidiary, and vice versa)
  • Financing aspects – start-up funding; working capital; investment / loans (from the parent charity)
  • Shared premises / staff / facilities – cross-charging / management charges
  • Use of charity logo by subsidiary companies

To book your place, and / or to subsequently receive a copy of the recording of the event and the slides, please email John.Fox@ageuk.org.uk with: your name and role title; the name of the Brand Partner you are representing; and the email address to which the follow-up material should be sent. Read on to find out all about the meeting.

January Finance Network Meeting – Save the Date

With lots of staff set to take leave over the next few weeks, we wanted to flag that the January Finance Network meeting will take place on 19th January 2022 from 11:00 – 12:30. Nick Wilkie, former charity chief executive, government policy adviser and visiting lecturer at The Centre for Charity Effectiveness, will present on the primary topic: Big Plans, Strategy and Business Models.

Nick will share his personal perspectives on leading and landing strategy. Sharing experience not expertise, failure more than triumph, he will reflect broadly across the subject including:

  • making sure everyone in the organisation knows where true north is;
  • knowing who the beneficiaries really are;
  • ensuring all decision-makers properly understand the balance sheet and business model;
  • why things go wrong and how they might get fixed.

This session is primarily aimed at CEOs, although FDs and trustees will be more than welcome, as ever.

Please save the date in your diaries now, as this promises to be a great session.

Age UK Financial Governance Virtual Masterclass Programme – One week left to apply!

There’s one week left to apply for the upcoming Virtual Financial Governance Masterclass Programme! Find full details here.

A quick reminder that applications close on 30th November for the Financial Governance Masterclass Programme, set to be delivered by Moore Kingston Smith in early 2022. This programme is open to all Age UK and Age Cymru Brand Partners and will support up to a total of 16 participants with a maximum of two attendees from each local partner. Find out full details below, including how to apply for a place.

As we start to consider coming out of the pandemic, the Age UK Network is thinking about how to navigate the future. Many Brand Partners have commented to Age UK’s Financial Governance Team about the complexity of this landscape as they try to navigate the competing forces of impact (and meeting older people’s needs) whilst ensuring financial sustainability for the future, especially with changing funding flows.

This virtual masterclass series, held in partnership with Moore Kingston Smith Nonprofit Advisory, will explore the complex financial governance landscape from seven different angles:

  • Strategy and competing priorities – Focusing on the right things and the real core issues.
  • Impact – Focusing resources and money on the outcomes we achieve for older people and their lives and aligning our money with this.
  • Financial Sustainability – Using our money and funding effectively (both unrestricted and restricted funds) to build a business model which balances risk, reserves and long-term sustainability. We will also look at cost recovery and better use of reserves within this.
  • Re-imagining services (and developing social businesses) – Re-imagining your work, and specifically the shift towards more earned income models.
  • Efficiency – Driving efficiencies through the organisation and its work.
  • Fundraising – Making better use of fundraising and ensuring we maximise return on investment.
  • Change – Finally, no change can take place without the trustees, management, staff and volunteers being motivated and aligned for the future. The course will focus on change and how to lead in this environment.

The course

The course will be delivered by Moore Kingston Smith Nonprofit Advisory (MKSNA) as a series of morning online / virtual sessions and 1:1 support.

The online sessions will take place over five Thursday mornings between 10 January and 27 February 2022 with a break in between to allow time for follow-up with each Brand Partner’s attendees.

The aim is a facilitated conversation with attendees rather than direct teaching in order to assess what each attendee’s needs really are and provide bespoke help to them.

Benefits of the programme to you

  • Develop your knowledge of cutting-edge tools and tactics.
  • Create an opportunity for self-reflection and peer-to-peer learning.

Benefits of the programme to your organisation

  • Each participant will leave the programme with a framework for creating change in their organisation.
  • Drive organisational change by develop­ing new knowledge and skills.
  • Generate new thinking about strategy, financial sustainability and growth.
  • Develop a set of responses to ensure that your organisation can thrive in a tough operating environment.

Interested? Apply today!

This programme is open to all Age UK and Age Cymru Brand Partners and will support up to a total of 16 participants with a maximum of two attendees from each local partner. We will use the information you set out in the application form below to select the participants.

Please find full details and how to apply below:

Deadline for applications: 5.00pm Tuesday 30th November.

If you have any questions relating to the programme, or would like further information please contact john.fox@ageuk.org.uk  or david.chenery@ageuk.org.uk

Age UK Financial Governance Virtual Masterclass Programme – January and February 2022

Age UK’s Financial Governance Team has partnered with Moore Kingston Smith Nonprofit Advisory to host a Virtual Financial Governance Masterclass.

As we start to consider coming out of the pandemic, the Age UK Network is thinking about how to navigate the future. Many Brand Partners have commented to Age UK’s Financial Governance Team about the complexity of this landscape as they try to navigate the competing forces of impact (and meeting older people’s needs) whilst ensuring financial sustainability for the future, especially with changing funding flows. Find out full details of an upcoming virtual Financial Governance Masterclass series below, including how to apply for a place.

This virtual masterclass series, held in partnership with Moore Kingston Smith Nonprofit Advisory, will explore the complex financial governance landscape from seven different angles:

  • Strategy and competing priorities – Focusing on the right things and the real core issues.
  • Impact – Focusing resources and money on the outcomes we achieve for older people and their lives and aligning our money with this.
  • Financial Sustainability – Using our money and funding effectively (both unrestricted and restricted funds) to build a business model which balances risk, reserves and long-term sustainability. We will also look at cost recovery and better use of reserves within this.
  • Re-imagining services (and developing social businesses) – Re-imagining your work, and specifically the shift towards more earned income models.
  • Efficiency – Driving efficiencies through the organisation and its work.
  • Fundraising – Making better use of fundraising and ensuring we maximise return on investment.
  • Change – Finally, no change can take place without the trustees, management, staff and volunteers being motivated and aligned for the future. The course will focus on change and how to lead in this environment.

The course

The course will be delivered by Moore Kingston Smith Nonprofit Advisory (MKSNA) as a series of morning online / virtual sessions and 1:1 support.

The online sessions will take place over five Thursday mornings between 10 January and 27 February 2022 with a break in between to allow time for follow-up with each Brand Partner’s attendees.

The aim is a facilitated conversation with attendees rather than direct teaching in order to assess what each attendee’s needs really are and provide bespoke help to them.

Benefits of the programme to you

  • Develop your knowledge of cutting-edge tools and tactics.
  • Create an opportunity for self-reflection and peer-to-peer learning.

Benefits of the programme to your organisation

  • Each participant will leave the programme with a framework for creating change in their organisation.
  • Drive organisational change by develop­ing new knowledge and skills.
  • Generate new thinking about strategy, financial sustainability and growth.
  • Develop a set of responses to ensure that your organisation can thrive in a tough operating environment.

Interested? Apply today!

This programme is open to all Age UK and Age Cymru Brand Partners and will support up to a total of 16 participants with a maximum of two attendees from each local partner. We will use the information you set out in the application form below to select the participants.

Please find full details and how to apply below:

Deadline for applications: 5.00pm Tuesday 30th November.

If you have any questions relating to the programme, or would like further information please contact john.fox@ageuk.org.uk  or david.chenery@ageuk.org.uk

New Charity Commission guidance on remote and hybrid trustee meetings

The Charity Commission has provided important new guidance on remote and hybrid meetings. Find out all the details below.

From the beginning of the pandemic, the Charity Commission has taken a proportionate approach to cases where trustees decided to hold online or hybrid meetings, even if it was not permitted by the charity’s governing document. The Commission is now urging charities without rules permitting meetings to be held remotely or on a hybrid basis, to update their governing documents and approve any previous decisions held contrary to their rules, as soon as possible. Find out more below.

What you can do

Your organisation may be keen to retain the option of meeting remotely – not only because of the risks related to Covid-19 but also because it’s worked well for you and saved time and money.

If you do not already have provision for this in your governing document:

  • The Age UK model governing documents include provision for holding trustee meetings electronically (e.g. Zoom, Skype). They do not currently include such a provision for members’ meetings or AGMs so we will prepare a clause that you can include and share this as soon as it’s ready.
  • If you do not use an Age UK model governing document but would like to see and include the relevant clause, it is worded as follows: “A meeting of the Charity Trustees may be held either in person or by suitable electronic means agreed by the Charity Trustees in which all participants may communicate with all the other participants”.
  • If you need to update your governing document and would like to use one of the Age UK model documents, please visit the loop here.

For more information of the Commission’s change of stance, please click here.

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