A House of Lords’ Select Committee has issued a call for evidence on the sustainability of the charity sector.
The Committee has asked charities to provide evidence of contentious issues they might have experienced with respect to risk management and financial sustainability.
The call for evidence, circulated in July, will review the issues faced by the not-for-profit sector, in a bid to ensure “that the charitable sector in England and Wales is sustainable for many years to come”.
Although the call for evidence has being issued to charities in England and Wales, the Committee is also eager to learn of the concerns from third sector organisations in Northern Ireland, Scotland and those operating outside the UK.
Labour peer and Committee chair, Baroness Pitkeathley, said that charities should submit evidence of problems with donors, the public and beneficiaries.
“There have been a number of high-profile events in recent months which have called into question practice in the voluntary and charitable sector. The Committee is looking to make sure that the attention on recent issues does not undermine the good work done by many charitable organisations”, read the Committee’s statement.
The Committee also intends to review the skills required to lead and manage in the charitable sector, as well as assess the role that trustees should play in the effectiveness and performance of a charity.
It also aims to assess the effective delivery of services and innovation in the digital sector.
The statement added: “This inquiry is intended to be an opportunity to engage positively with charities and the voluntary sector. The Committee is looking for examples of best practice, innovation and ideas to bring the sector together to make sure that it can thrive”.
The Committee expects issues to arise with the Commission itself and as such will equally debate the modern-day role of the Charity Commission.
Submissions must be sent by 5 September this year, and will be debated in March 2017 by the House of Lords.
Moore Thompson can help charities identify and manage concerns with their financial sustainability going forward. For advice, please contact us.