Preview: Charity Law Conference - Poor governance costingcharities

Third-sector organisations are being frustrated in the search for outside finance by poor governance structures, Malcolm Hayday, chief executive of Charity Bank, will tell the Charity Law Conference next week.

The bank more than doubled its balance sheet last year and now has £25m available for new loans. But Hayday believes many organisations haven't thought through the implications of an injection of money.

"Too often we have to pause, cajole or even turn an application away," he will say. "Not because the proposition is unviable, but because the applicant has not yet shown a proper understanding of the skills needed to sustain their charity."

The bank, sponsor of the conference, received more than 400 enquiries last year, turning 100 into approved loans. "Many are still being developed," Hayday will say. "But with a bit more thought, more could be helped to achieve their goals."

The skills needed to help a charity expand are different from those required to kick off an idea, he will add.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus