By Paul Palmer
This paintings makes a speciality of the exact points of financially coping with the coluntary association. whereas there are lots of similarities to the administration of the non-public zone, particularly, monetary administration of small companies, this ebook identitifies and explains the expert features of charity finance.
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Extra info for Financial Management in the Voluntary Sector: An Introduction
The Charity Commission inquiries highlight annually a few examples of charity trustees failing in their duties but when measured against over 750,000 individuals spread over less than 200,000 organizations these are rare cases. Despite this seeming lack of a problem and abundance of training and advice, there is still a degree of anxiety over trusteeship and whether trustees are up to the job (Harrow and Palmer 1998). In particular, questions have been raised over whether the Charity Commission’s legal framework and focus on ‘maximalist role of active engagement’ is appropriate for unpaid trustees.
Charity organizations and governance Good governance is important for the voluntary sector for maintaining the conﬁdence and ﬁnancial support of the public. Mayo (1999, p. 5) states: ‘Trust in charities is at an all time low’. A MORI poll for the Charity Commission (1998) found 74 per cent of the general public surveyed agreeing with the statement ‘there needs to be tighter control over the laws governing charity affairs’. In the same survey 41 per cent disagreed with the statement ‘When I give money to charity I feel conﬁdent that most will go to the cause’.
In part this perception can be seen as relating to, on the political agenda, the desire by politicians, particularly Labour ones, to be seen to have nothing to do with charities and the past, but as Beach (1994) argues, such rhetoric should be treated with caution: Much of our understanding of Labour’s attitude to voluntarism during the formative years of the Welfare State is shaped by the image, built up by Richard Crossman amongst others, of Labour’s hostility to ‘the 22 Voluntary sector environment do-good volunteer’.