Governance Introduction. Session outline Structures for CLIs Pros and cons of different structures...
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Transcript of Governance Introduction. Session outline Structures for CLIs Pros and cons of different structures...
![Page 1: Governance Introduction. Session outline Structures for CLIs Pros and cons of different structures Must-do and who’s who Roles and responsibilities Meeting.](https://reader035.fdocuments.in/reader035/viewer/2022072007/56649d2b5503460f94a0150b/html5/thumbnails/1.jpg)
Governance
Introduction
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Session outline
• Structures for CLIs• Pros and cons of different structures• Must-do and who’s who• Roles and responsibilities• Meeting requirements
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Structures for CLIs
What are your needs?◦To be an employer◦To manage significant cash flow◦To have the potential for loans/overdrafts◦To take out leases or mortgages◦Enter contracts◦Manage public facilities
limit your liability: company limited by guarantee
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Structures for CLIs
• What are your needs?– To apply for grants from trusts and foundations– To benefit from Gift Aid on donations– To ensure assets are transferred to a charitable
organisation with similar aims on wind-up
apply for charitable status
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Structures for CLIs
• What are your needs?– To be able to pay members for services– To share the profits for community or member
benefit
consider establishing as a co-operative or company/social enterprise
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Pros and Cons
• Start up costs – simplicity vs legal advice• Accountabilities – reporting and accounting• Flexibility – for present and future needs• Democratic process – community engagement
and sustainability
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Must do and who’s who
• Annual report• Accounts (format depends on size)• Monitoring returns• Records of meetings / decisions• Records of expenditure / VAT• Records of salaries / PAYE and NI
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Must do and who’s who
• Office of the Scottish Charity Regulator • Companies House• Financial Services Authority (IPS)• HMRC PAYE• HMRC VAT• HMRC Charities Team / Gift Aid
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Roles and responsibilities
• Clear expectations• Match • Manageable workload• Time limited• Plan for the future• Build skills throughout the community• Learn from others
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Meeting requirements
• Annual cycle• Annual general meeting• Annual report and accounts– OSCR– Companies House– FSA (IPS)
• Monitoring Return– OSCR