Keith Felton, Director of Corporate Services, Crisis (
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Transcript of Keith Felton, Director of Corporate Services, Crisis (
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The chief executive’s view: delivering on the key principles
Keith Felton
Director of corporate services
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A year and a half in fundraising
May 2015
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A year and a half in fundraising
Summer 2015
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Journalist in the room
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What happened next?
• Etherington review
• Fundraising Regulator replaced FRSB
• IOF and PFRA lost regulatory powers
=> Fundraising Preference Service
=> Donor consent
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Practical challenges
We still don’t know what we have to do but….
• New procedures
• Systems developments
• Compliance
…for smaller charities these challenges will be particularly significant
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Financial challenges
• The number of potential donors with whom we can engage will reduce
• Some donors will withdraw or restrict their consent
• Income projections ????
• We will carefully review our reserves requirement
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Reserves
• Reserves are that part of a charity’s unrestricted funds that is freely available to spend on any of the charity’s purposes.
• In practice, this means that trustees should: • develop a reserves policy that: fully justifies and clearly explains
keeping or not keeping reserves
• identifies and plans for the maintenance of essential services for beneficiaries
• reflects the risks of unplanned closure associated with the charity’s business model, spending commitments, potential liabilities and financial forecasts
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Reserves requirement
Budget
2016/17
less
secured
income
Budget
2016/17
Risk
factor
2016
Risk amount
Direct Marketing XX,XXX XX,XXX 20% X,XXX
Legacy XXX XXX 10% XX
Community and Events XXX XXX 10% XX
Corporate Partnerships X,XXX (XXX) X,XXX 15% XXX
Major Gifts X,XXX X,XXX 15% XXX
Trust and Statutory X,XXX (XXX) X,XXX 10% XXX
Regional Fundraisers XXX XXX 10% XX
National and Regional Development XXX XXX 5% XX
XX,XXX (X,XXX) XX,XXX 18% X,XXX
Investment portfolio XXX XX XXX
Working capital XXX
Total X,XXX
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Increasing reserves requirement….
• ….leads to a more conservative approach to the charity’s activities
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The opportunity
• Improve the way we communicate with donors and potential donors
• Strengthen relationships with our supporters
• Make more focused use of resources
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Crisis’ response
Any time we plan, write or talk about fundraising – imagine there is a ‘Supporter in the Room’
Total honesty and transparency
Stop – ‘targeting’ ‘acquiring’ ‘cultivating’
Start – ‘engaging’ and ‘inspiring’
Excellence in supporter care and stewardship
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Supporter in the room – the story so far
Beyond compliance – ‘The Crisis Promise’
Fundraising strategy and business plans re-written
Telemarketing campaigns and scripts re-written
Traditional summer appeal replaced with launch of ‘Supporter in the Room’
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Thank you from some of our supporters
“I feel a sense of pride in being a small part of the support that Crisis offers to so many homeless people.”
“Carry on with the good work. A lot of people would be in a bad place if Crisis was not available.”
“You can take it from me that I treasure the work you do for unfortunate people and I shall continue to help for as long as I am able!”
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Supporter in the room – the story so far
Agency review – values match
Supporter questionnaire – loyalty and benchmarking
Complaints policy reviewed
Moments of joy
Supporter development strategy
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To conclude
• We will lose supporters
• We will raise less money – at least in the short term
• We will be more cautious – at least in the short term
…but
• We have to adapt
• We will improve and strengthen our relationships with our supporters
• We will use this as an opportunity