Charities play a vital role in UK society, providing essential services to vulnerable people, supporting communities, and addressing social and environmental challenges. In the UK, charities are regulated by the Charity Commission, which ensures that charities are run responsibly and in accordance with the law.
The Charity Commission is an independent body that regulates charities in England and Wales. Its role is to safeguard charities and promote public trust. The Commission registers charities, inspects them regularly, and takes action if they are not meeting their obligations.
There are over 190,000 charities registered with the Charity Commission, ranging from large national organisations to small local charities. Charities in the UK raise over £150 billion a year and employ hundreds of thousands of people.
Some of the regulated professions in charities include:
- Charity Trustees: Charity trustees are responsible for the overall governance of a charity. They have a duty to ensure that the charity is run in accordance with the law and its own constitution.
- Charity Officers: Charity officers are responsible for the day-to-day administration of a charity. They may include the charity’s CEO, finance director, and other senior managers.
- Charity Fundraisers: Charity fundraisers raise money for charities by a variety of means, such as direct mail, events, and social media campaigns.
- Charity Auditors: Charity auditors provide independent assurance that a charity’s financial statements are accurate and compliant with regulations.
- Charity Lawyers: Charity lawyers provide legal advice to charities on a wide range of issues, such as tax, employment, and charity law.
In addition to the 3 core insurance products we can provide an array of risk and business management solutions, meticulously aligned to complement your Charity profession, such as:
Business continuity planning, succession planning, due diligence and exit planning
Human Resources and Employment Law Consultation Services
Legal and Regulatory Consultation Services
Property and Security Consulting Services
Health and Safety Consultation Services
Disaster management
Regulating these professions is essential for several reasons:
- Protecting charity funds: Regulations help to ensure that charity funds are used for their intended purpose and that they are not misused.
- Promoting accountability: Regulations help to ensure that charities are accountable to their stakeholders and that they are transparent in their activities.
- Upholding public trust: Regulations foster public trust in the charitable sector.
We work with Charitable entities of all sizes to help them navigate the complex regulatory environment and ensure their compliance.
Book a Discovery Call with us today to discuss your business needs and partner with us for a secure, thriving future.
