Your organisations status and structure is defined by its ‘governing document’ (the legal document that creates the ‘charity’and says how it should be run). This is usually by having a constitution or Memorandum and Articles.
The type of structure you choose affects how your charity/organisation will operate, such as:
There are five main types of charity structure:
A CIO is a relatively new structure if you want your charity to be a corporate body and have a wider membership, including voting members other than the charity trustees. To set you must:
To discuss an idea for a CIO, please contact us and speak to one of our Development Advisors.
A CIC is a special type of limited company which exists to benefit the community rather than private shareholders. To be successful at running a CIC you need to generate the majority of your income by delivering a service or product (at the market price).
To set up a CIC, you need to apply to Companies House, and include a ‘community interest statement’, an explanation of what your business plans to do, create an ‘asset lock’ – a legal promise stating that the company’s assets will only be used for its social objectives, and set limits to the money it can pay to shareholders. Your company must also be approved by the Company Regulator.
To discuss an idea for a CIC, please contact us and speak to one of our Development Advisors.
A strategic plan facilitates the good management of an organisation and gives you clarity about what you actually want to achieve and how to go about achieving it. It is different to the plan of action for day-to-day operations.
Here are the main elements of the Strategic Plan:
A strategic plan will enable you to formulate a robust Fundraising Strategy.
A fundraising strategy links back to the strategic plan and shows how you will generate income to fully fund your activities in the short, medium and/or long term. It identifies a range of funding streams and potential funders together with their criteria and amount of funding available. By plotting these funders and their deadlines on a timeline, timely applications/activities can be planned and administered.
The* strategy* is the best plan opted in order to achieve the organisational goals and objectives. The* policy* is a set of common rules and regulations, which forms as a base to take the day to day decisions.
The strategy is a plan of action while the* policy* is a principle of action.