Know your organisation’s purpose It’s vital as a trustee that you know about what your organisation was,You can find this out by reading your organisation’s governing document.,your organisation is and about any potential personal liabilities.,you must always put the interests of your organisation first.,Learn about the finances Find out about the current financial situation of your organisation, including
https://scvo.scot/about/networks/trustee/information-for-new-charity-trustees
Here are some of the ways that you can plan for your organisation.,Write a business plan A formal business plan can be a helpful place to gather : your aims and objectives,Managing risks Inevitably when running an organisation, things will go wrong.,But having good processes in place to predict and manage risk can help you respond quickly and minimise,Business continuity planning A business continuity plan (BCP) prepares and protects your organisation
https://scvo.scot/support/village-community-halls/facilities-management/operational-management/business-planning
that your organisation is filling.,funders, but also for the effectiveness of your organisation.,What have you as an organisation learned and how will this shape your work?,Further support is available from Evaluation Support Scotland and Inspiring Impact.,If you already have a business plan this is a good start.
https://scvo.scot/funding/guide/steps/get-ready
Many banks offer special current accounts for voluntary organisations and charities, and most give free,organisation needs, e.g. a local branch to pay in cash from fundraising activities, a savings account,Some accounts require high minimum deposits, so may be of no use to very small organisations.,Consider how your bank's ethos and activities reflect your organisation's charitable objectives.,Your governing document/constitution. Your charity's financial details, eg turnover.
https://scvo.scot/support/running-your-organisation/finance-business-management/bank-accounts
organisation’s running costs such as rent, utilities and other overheads.,Success will depend on entrepreneurial ability as well as good management skills.,You'll need financial support for your new enterprise.,Loans can allow your organisation to do today what might otherwise take years.,The lender will want to see a business plan and marketing strategy, and they will examine the organisational
https://scvo.scot/funding/guide/other-sources
Your organisation can buy insurance to protect its money, people, property and reputation.,Insurance is required by law if your organisation employs staff (including volunteers), operates vehicles,Products Liability, All Risks cover for loss or damage to assets, Loss of Income, Events (either at your,premises or away from the premises) Cyber and other appropriate covers relevant to your activities.,If other organisations rent your hall regularly you should check that they have their own insurance cover
https://scvo.scot/support/village-community-halls/facilities-management/legal/insurance
Service Users Involving service users in the governance and management of your organisation can generate,, ie your organisational purposes.,The lines between governance and management are easily blurred, particularly for organisations without,The treasurer’s primary role is to assist and advise the board in overseeing the finances (download sample,financial policies and procedures), even if paid staff deal with much of the day-to-day financial business
https://scvo.scot/support/running-your-organisation/governance/roles-responsibilities
Which is the best bank account for your charity?,No minimum deposit required and no turnover limitations Account management online, by phone or by post,with a turnover of £6.5m or less Support and guidance on running and financing your organisation Lloyds,minimum deposit required Reliance Bank Part of The Salvation Army, all profits made by the Bank go to support,Business Current Account Account management online or by phone Online banking with single, dual or triple
https://scvo.scot/support/running-your-organisation/finance-business-management/bank-accounts/comparison
SCVO Trustee Bulletin We know trustees are busy people with big responsibilities, so we've created a,The five modules are a great induction tool and will help you run your organisation.,They cover the following topics: Governance Financial Fundraising Communications Risk Management Looking,Contact: sustainability@aberdeenstandard.com To find trustees with financial expertise IMultiply Finance,Black Professionals Scotland supports organisations in meeting their inclusion and diversity ambitions
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