The Hallmarks of a well-run Charity
The Charity Commission expects every charity to aspire to high standards which it has encompassed in Hallmarks of a well-run charity. These hallmarks should ensure that charities:
- are formally set up with clearly documented aims and rules including the legal powers they need to achieve their aims
- are run by a clearly identifiable body of people who take responsibility and ensure that the charity is economically and effectively run
- are able to show how their activities are, or will be, able to support their charitable aims
- are open in the conduct of their affairs, except where there is a need to respect confidentiality
- carry out their aims with regard to the requirements of those they are designed to serve, the community within which they operate and any relevant wishes of their donors
- conduct their external relations, fund-raising and publicity in a way that enhances their own reputation and that of charities generally
- manage and account for their resources well
- comply with all relevant legal and regulatory requirements
- act with respect to the legal and human rights of the individual.
Well-run charities should achieve high standards and attract public confidence and support. Hopefully these recent developments will assist the genuine charity in meeting these aims.
If you would like to discuss any of the issues raised in this bulletin in more detail please do not hesitate to contact us.