Civil Society - Topics

Topics

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Accountability and transparency

Part of the requirements of becoming a charity are that you must produce accessible information about your work that is relevant to the public’s needs. The Charity Commission interprets transparency...

Accounting software

Accounting software is "application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance"....

And finally

' …And finally' stories appear periodically on Civil Society eNews and are a light-hearted look at the more amusing occurrences in the sector.

Audit

An audit provides independent confirmation of the financial affairs of a charity. An auditor must verify that a charity’s accounts give a true and fair view. Along with commenting on the accounts,...

Banking

After years of inertia, more than half of charities changed their bank in 2008, as trust in banks was shaken by the financial crisis.Charity Finance runs an annual Charity Banking Survey each April, which...

Benchmarking

Benchmarking provides a snapshot of the performance of a charity and helps provide an understanding of where it is in relation to others. Civil Society conducts a range of benchmarking surveys, including:Accounting...

Board papers

It is the responsibility of the chief executive to ensure that trustees have sufficient information to make informed decisions. The quality of board papers has an enormous impact on the quality of discussion...

Bonds

A bond is a debt security, in which the authorised issuer owes the holder a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) and/or to repay the initial amount at a...

Budgeting

Budgeting is a plan for saving and spending. The purpose of budgeting is to provide a forecast of revenues and expenditure to construct a model of how an organisation might perform financially if certain...

Campaigns

In the context of civil society, campaigns take many guises – they may be fundraising campaigns, awareness-raising campaigns or lobbying campaigns.The first kind seek to raise money, the second to...

Cash management

Cash is the primary indicator of business health. An organisation can survive briefly without sales or profits, without cash it will fold. Therefore the inflow and outflow of cash needs careful monitoring...

Chairs

Every trustee board has a chair, elected by the other board members. It is the chair’s responsibility to provide leadership to the board and to ensure that every trustee gives of his/her best and...

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