Date: Friday 22nd October, 2010
Author: Wendy Bambrick
Profile: Wendy Bambrick
“Business as usual is simply not an option”
(Dame Suzi Leather, Chair of the Charity Commission)
The details of the Charity Commissions financial settlement for the next four financial years have been announced. This includes a budget cut of 33% (in real terms) by 2014/15. The capital funding is also being reduced by 50% against the 2010-11 baseline throughout the spending review period.
How does the Charity Commission plan to manage these reductions in the near future?
o Determine where the key priorities lie; by conducting a review of their strategy and operating principles.
o Reducing any unnecessary costs by streamlining operations, ultimately making them more efficient.
o A public consultation will take place in the next few days to seek opinions from a range of stakeholders, both within and outside the charity sector.
It is expected that there will be a company restructure involving staff redundancies. However, any final decisions regarding the potential restructure will follow the strategic review (giving everyone who values the charity a chance to express their opinions), this will take place in early 2011. Following this strategic review, a reassessment of the 2006 Charities Act will take place during 2011, which aims to provide a re-evaluation of the legislative framework. For further information on this please visit the Charity Commision website.
The Charity Commission intends to develop their operations within the resources that they now have available whilst maintaining the confidence and trust of the public.
Please note that the opinions expressed in this blog represent the views of the author and not the views of Mercer & Hole.