THIRD SECTOR PROMOTION

Video interviews: The Bike Project

Third Sector Promotion Markel

At the recent Third Sector Awards, specialist insurer Markel had the opportunity to speak to charities about the risks they face and how they manage them.

The Bike Project is a charity that refurbishes second hand bikes and donates them to asylum seekers and refugees. 13,500 people seek refuge in London each year and 27,500 bikes are abandoned over the same period. 

Founder and Director of The Bike Project, Jem Stein, discussed the risks that his charity faces.

As a small charity fundraising is always an issue, The Bike Project needs enough money to ensure cash flow to cover a few months of running costs - this is a particular concern in today’s climate with cuts in government funding. Diversification of funding sources ensures safety, with a strong trading arm, plenty of bid applications and small and major donors, charities are better protected against this risk.

A concern unique to The Bike Project is their refurbishment of second hand bikes. If something in the refurbishment process goes wrong or someone has an accident that’s a large area reputational risk and a legal and financial concern. Adequate insurance, staff  training, correct legal procedures and  good risk review processes pick up problems before they get too big.

Find out more about how to write a compelling fundraising application here and to read about digital fundraising methods click here.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Expert Articles: Risk Management

Advice on risk from Markel, a specialist insurance company working with charities, community groups, trustees, social enterprises and care providers.

What to do in the case of a breach: cyber fraud #2

What to do in the case of a breach: cyber fraud #2

Promotion from Markel

In the second part of our series, we look at how to respond to a breach.

How bad can cyber crime really get: cyber fraud #1

How bad can cyber crime really get: cyber fraud #1

Promotion from Markel

In the first of a series, we investigate the risks to charities from having flawed cyber security - and why we need to up our game...

Managing cyber risk in the third sector

Managing cyber risk in the third sector

Promotion from Markel

Cyber risks should be high on the risk management agenda of third sector organisations as incidents hit the headlines and burden small organisations with increasing frequency.

Charity property: could you be entitled to a huge VAT saving?

Charity property: could you be entitled to a huge VAT saving?

Promotion from Markel

When a property is being constructed, VAT is charged at the standard rate. But if you're a charity, health body, educational institution, housing association or finance house, the work may well fall into a category that justifies zero-rating - and you could make a massive saving

Guide to insuring charity premises

Guide to insuring charity premises

Promotion from Markel

Repairing or replacing damaged property can come at great cost to a charity so it's important to ensure you have the correct insurance cover in place. This article explains what you need to consider when insuring your premises

Guide to employing and insuring volunteers

Guide to employing and insuring volunteers

Promotion from Markel

Volunteers play an important part in most charities but without the right practice in place things can go wrong. This article looks at what a charity should consider when employing volunteers.

Third Sector Awards interview: The Children's Sleep Charity

Third Sector Awards interview: The Children's Sleep Charity

Promotion from Markel

At the 2018 Third Sector Awards, specialist insurer Markel had the opportunity to speak to charities about their approach to risk management.

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now