An expert’s insight into the risk of insolvency – what Chairs need to know
Covers the definition of Insolvency and the responsibilities of trustees when a charity becomes insolvent. An Association of Chairs event.
The current crisis is stretching many charities’ resources to the limit. Boards throughout the country are asking how long can we afford to keep going? When faced with such financial difficulty, it’s essential you and your board colleagues understand the risk of insolvency and what you may need to do as a result.
This session is led by Ian Oakley Smith, former head of PwC’s charity sector team in the UK. Ian brings great knowledge and insight, drawing on over 20 years’ experience as an insolvency practitioner. He has advised many charities going through insolvency. He understands both the practical and emotional challenges of facing insolvency. He is also a charity trustee himself and has acted as an interim manager on behalf of the Charity Commission.
This session will cover
- What do we mean by “insolvency”?
- How do we know when our charity might be insolvent?
- How differently should our charity think and behave if it is insolvent?
- What are some of the most important priorities for our charity as we navigate through a period when we are insolvent?
- How might our charity’s insolvency impact us as individual Trustees and Chairs?
If you have any concern regarding confidentiality please contact Isabel Locke: email@example.com
This online Expert Insight is open to those who are Association of Chairs members or who have registered with the free Beacon Programme. This free programme is aimed at Chairs and Vice Chairs of smaller charities in England with an annual income of under £1 million.
Please join the Beacon programme for free if you a Chair or Vice Chair of a small charity, so you can make a booking for this event; or become a member of Association of Chairs. If you are already a member, or are already registered on the Beacon Programme, please log in to your account to access the booking link.