The closure of Kids Company this summer has drawn attention to a number of problems associated with the proper management of a charity’s resources, and the difficulties which all charities may face when funding issues arise.
Do trustees have a responsibility to keep the charity’s operations and finances under review and to ensure the maintenance and fulfilment of the charity’s existing activities and purposes when funding has ceased to be available? Do employees have to keep trustees informed of matters which may reflect on the charity’s reputation or financial standing?
The webinar will refer where possible to published information about Kids Company and to other real-life examples, and will draw on the speaker’s personal experience as a charity trustee and adviser. The topics covered will include:
- The legal status of charities, and their different forms of constitution
- The legal duties and responsibilities of charity trustees
- The powers of the chief executive of a charity, and his/her relationship with trustees
- The management of financial difficulties within a charity, and published Charity Commission guidance on this subject
- The relevance of “whistleblowing”
- The alternatives to closing down, including merger and the alternative use of funds (including the cy-pres doctrine)
- The mechanics of closing down, including the winding-up of a charitable company or charitable incorporated organisation (CIO)
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 managers and administrators working within charities.