In the charity sector the requirement of Trusts to have independent trustees is to lesson the risk of a charity failing to deliver on their strategic purpose. A governance review can identify areas for improvement to help an organisation meet it’s compliance and reporting requirements while also driving strategy and performance. The benefits of a review process include:
1) Assessment of how well the current governance structure is helping an organisation to meet it’s compliance and risk management obligations.
2) Indication of whether governance is supporting or hindering the organisation’s performance and strategy.
3) Identifying suggestions for improvement and a suggested timeline for these changes.
4) Clarity of roles and responsibilities and an independent reflection of current performance.
If you would like to have more information about a free governance review this year, please contact Michelle from Accounting For Good for more details of this offer.
"I have had regular monthly coaching with Michelle for two years, I found Michelle kind and thoughtful, also analytical. It is helpful each session to review the numbers, budgeting and discuss forecasting with the different events that are occurring in the trust regularly. Each meeting our discussions resulted in myself as CEO to understand the numbers more and receive helpful tips towards improving our financial reporting to make them more readable and understandable to the board."
