Stephen  Lloyd

Stephen Lloyd

Stephen Lloyd is senior partner and head of the charity and social enterprise department at Bates Wells & Braithwaite. He has been a partner at BWB since 1984, and has particular expertise in the interface between charities and trading.

He is author and presenter of numerous articles and seminars, and an adviser to CAF's Venturesome Investment Fund. He is a former chairman of the Charity Law Association, and current chairman of CaSE, LifeHaus Plc and the Centre for Innovation in Voluntary Action.

Lloyd was instrumental in creating the Community Interest Company legal structure.

 

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Overseas relations

English charities which are subsidiaries of foreign organisations must make their own decisions, explains Stephen Lloyd.

Using the CIC to double up

The advantages of joint ventures for trading – and how the Community Interest Company form may be used

Annual reports: hiding is no option

Stephen Lloyd responds to a trustee rightly concerned about the consequences of not fully disclosing details of major risk facing the company in their annual report, as required under the Companies Act 2006.

Are trustees at risk?

Stephen Lloyd and Tracey Reynolds examine the types of risks trustees face and whether insurance can help with these risks.

Quite frankly if the leadership team can't announce bad news they shouldn't be in the job. Where on earth did this idea come from?

» Charity boards should communicate redundancies to staff, says NPC report

Charities and fraud

One of the risks that any charity faces is fraud. It is not a major risk – only a few charities, thankfully, are the victims of frauds. But fraud happens. It can involve employees, volunteers or property.

Ensuring insurance

Have you considered all of the areas of insurance you might need cover for?

Use it or lose it, charities warned

Charities have been warned to take advantage of upcoming changes in trading subsidiary legislation, or they will lose the opportunity and perhaps other tax relief/funding opportunities in the future.

Swapping roles: trustee to chief executive

A lone voice on the board asks for advice on the rules and regulations regarding trustees becoming employees and employees becoming trustees. Stephen Lloyd responds.

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