Annual Conference B6: How can voluntary organisations become more sustainable with less money to go...
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HOW CAN VOLUNTARY ORGANISATIONS BECOME MORE SUSTAINABLE WITH LESS MONEY TO GO AROUND? Dinner sponsors: Media partner: Partner sponsor: SPEAKERS JULES TOMPKINS SOCIAL INVESTMENT MANAGER, ESMÉE FAIRBAIRN FOUNDATION PETER PARKER SOLICITOR, WRIGLEYS SOLICITORS LLP
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Transcript of Annual Conference B6: How can voluntary organisations become more sustainable with less money to go...
HOW CAN VOLUNTARY ORGANISATIONS BECOME MORE SUSTAINABLE WITH LESS MONEY TO GO AROUND?
Dinner sponsors:
Media partner:
Partner sponsor:
SPEAKERSJULES TOMPKINSSOCIAL INVESTMENT MANAGER, ESMÉE FAIRBAIRN FOUNDATIONPETER PARKERSOLICITOR, WRIGLEYS SOLICITORS LLP
WHAT ARE ASSETS?
Skills ServicesReputationBrand NetworksPartnerships ArchivesProductsData
Property Land EquipmentReserves Investments /
Endowments Intellectual property People
ESTIMATED £276.3BN ASSETS CONTROLLED BY CIVIL SOCIETY ORGANISATIONS
HOW VALUABLE ARE YOUR ASSETS? TO WHOM?
HOW MUCH CONTROL DO YOU HAVE OVER YOUR ASSETS?
Fixed vs. Liquid Legal considerations Governance TaxResource implications Depreciation Skills and experience Opportunity vs. Practicality
PLAY TO YOUR STRENGTHS
WHAT CAN YOUR ASSETS DO FOR YOU?
MAXIMISE IMPACTGENERATE INCOME
SUPPORT GROWTHREACH NEW AUDIENCES
DISRUPT A MARKET
SUSTAINABILITY
TACKLE DISADVANTAGE
COST MONEYDIVERT RESOURCES
DISTRACT ATTENTION
HOW CAN YOU USE THEM?
TRADING
NETWORKS
LEVERAGE RETAIL
INVESTMENT SKILLS / TRAINING
ENGAGEMENT
SERVICES
HOW CAN YOU PROTECT THEM?
CONTRACTUALLY
CULTURALLY
CONSTITUTIONALLY
Charities aren’t allowed to trade
YES THEY CAN
Charities aren’t allowed to make a profit
YES THEY CAN
Charities don’t have to pay tax
YES THEY DO
www.suzylamplugh.org
www.noahenterprise.org
www.autograph.media
www.hctgroup.org
www.street-uk.com
www.leedscommunityhomes.org.uk
www.therealjunkfoodproject.org
RISK VS. REWARD(COST BENEFIT ANALYSIS)
RISK OFTEN OUTWEIGHS THE BENEFITS IN THE BEGINNING
RISK IS DYNAMIC KNOW YOUR APPETITE FOR RISK (AND YOUR BOARD’S)
LEARN FROM OTHERS
INTERNAL AND EXTERNAL RISKS
STRENGTHS AND WEAKNESSES
KEY CONSIDERATIONS
PEOPLE, PEOPLE, PEOPLE
PLAN – OPERATIONAL AND FINANCIAL
RESEARCH – PROFESSIONAL ADVICECONSIDER ALL OPTIONS
KNOW YOUR MARKET
WHAT’S THE TRUE COSTBE REALISTIC & WHERE IS THE MONEY
COMING FROM?
GOVERNANCE & CULTUREREPUTATIONAL RISK
KNOW YOUR MARKETWHO IS YOUR CUSTOMER?
WHO IS YOUR COMPETITION?EXTERNAL RISKS
PUBLIC POLICYSKILLS & EXPERIENCE
CHARITY VS. COMMERCIAL
& WHERE IS THE MONEY COMING FROM?RESERVESPARTNERSFUNDERS
INVESTORSCUSTOMERS
COMMON PITFALLS
INAPPROPRIATE STRUCTURE WRONG PEOPLE
POOR PLANNING WEAK GOVERNANCE – DIFFICULT DECISIONS
INSUFFICIENT RESOURCE
NO MARKET
TOO SLOW TO REACTASSET RICH, CASH POOR
OVERLY AMBITIOUS BAD TIMING
FURTHER SUPPORT & ADVICE
