Lindsay Murphy’s Post

In this video, our Managing Director, Ian Joseph, shares his top three insights for a successful trustee search. Find out more about our services here: https://lnkd.in/efRp3zeD #TrusteesWeek #TrusteeRecruitment #NonProfitBoard #BoardDiversity #BoardRecruitment #BoardLeadership #DiversityAndInclusion #SocialImpact #BoardOfTrustees #LeadershipDevelopment #Governance

Did you see the 10th annual report Australian Charities Report? It’s a great resource to share with your Board - especially those who aren't actively involved in the NFP or charity sector and might not be across the major trends. Of interest to us at Benefolk was: 📈 Unlike 2021, all charity sizes experienced revenue growth in 2022 💵 Total revenue increased by $11 billion to a record $200 billion, but at the same time expenses increased by $21 billion. 😲 The net income figure recorded across the sector – $5.7 billion – was the lowest figure the ACNC has ever reported. ✳ While the sector’s assets grew by 8.3% to $457 billion during 2022, total liabilities increased by 11.5% to reach $158 billion. 💳 In 2022, the charity sector’s total expenses increased by $22 billion (12.6%) to $195.8 billion. The increase of 12.6% was twice the rate of inflation. We are grateful to Sue Woodward AM and her team at Australian Charities and Not-for-profits Commission for ensuring this data continues to be shared widely with all Australians, to help us better understand our important charitable sector.

Local charities have a big impact on their communities. These grassroots groups are embedded in their communities, having an intimate understanding of local issues and tailoring their efforts to address specific community needs. They are trusted by local people and can get to the root of problems more effectively, fostering genuine, long-term change. Despite this, local charities frequently receive less attention and funding than their national counterparts, which often capture the lion's share of public and corporate support. Each year, we work with over 500 local charities. As a Community Foundation,  our role within Norfolk is to ensure that these grassroots groups receive the vital funding they need to make a difference in individuals' lives. We understand the crucial roles which local charities play and are pleased that The Centre for Social Justice is drawing attention to the funding challenges facing small charities. Their new report, ‘Underfunded and Overlooked’, highlights some concerning statistics that resonate with our experiences: 📈Post-pandemic, average expenditure for small charities has increased by nearly 12%, while income has only risen by 3%. 📌75% of the sector’s total income is received by just 1% of charities, with London-based charities receiving up to eight times more public funding than those elsewhere. 🪙85% of all charitable income in England and Wales is concentrated in just 4% of registered charities. 🪣The 10 largest charities spend more on fundraising alone (£243 million) than the combined total income of over 75,000 smaller charities. At Norfolk Community Foundation, we are committed to helping small charities overcome these funding challenges. We want to ensure local charities have the support they need to continue their invaluable work. Thank you to everyone who supports our mission and helps make a difference in Norfolk. #ShineBrighter #Norfolk #Charity 

📖 The Charity Commission's Annual Return 2022 report is here - and we've summarised it for you. From financial growth to volunteer engagement, explore how charities are innovating for a #BrighterFuture ⬇️ #NonProfit #Insights #CharityCommission

If you are a CEO in a charity, I strongly recommend that your Chair joins the Association of Chairs. Their publication ‘A Question of Balance’ is a brilliant document that details all you need to know about how to build an effective working relationship between the Chair and CEO. If every organisation strived to have these fundamental ways of working in place, I really believe that charities would achieve more. #makeadifference #charity #leadership

People often ask me to explain what a community foundation does. At its simplest, County Durham Community Foundation gets money in and then gets it out to the small, essential but all too often underfunded grassroot charities that are intimately connected to and trusted by their communities. Charities that do everything asked of them and more. Charities that rely on a few passionate staff, lots of volunteers and a 'well, we just have to...if not us, then who' mindset. This report from The Centre for Social Justice is short but brings together all too familiar stats to us. A few headlines: - 85 per cent of all charitable income in England and Wales goes to just 4 per cent of registered charities - average expenditure for small charities has risen by almost 12 per cent post-pandemic, compared with only a 3 per cent rise in income - the 10 biggest charities spend more on fundraising alone (£243 million) than the combined total income of over 75,000 smaller charities - 75 per cent of the sector’s total income flows to just 1 per cent of charities- charities in London receive up to 8 times more public funding than elsewhere in the country Sobering stats as we enter a new budget year, a year when I expect we will support near enough 600 small charities again in County Durham alone, all doing vital work. Thats a lot of small charities in just one part of the UK doing tough work that is getting tougher every single day. UK Community Foundations #enrichinglives #smallbutvital

Choosing what charity to give to can be difficult with so many great and important causes. Here are 4 key things to look at that will help you give with confidence. 1. Transparency and Accountability: Look for charities that are transparent about their financial information, governance structure, and how they allocate funds. Reputable charities typically publish annual reports, financials page, and program details on their website. Learn more about how you can evaluate charities and help you give with confidence: https://lnkd.in/gp7dvghb

📖 The Charity Commission's Annual Return 2022 report is here - and we've summarised it for you. From financial growth to volunteer engagement, explore how charities are innovating for a #BrighterFuture ⬇️ #NonProfit #Insights #CharityCommission

💷 Support for Growing Charities from the BGF Foundation The BGF Foundation is offering multi-year, flexible funding and pro bono expertise to ambitious charities supporting disadvantaged young people in enterprise, education, employment, mental health, or physical wellbeing. Designed to help charities grow, improve resilience, and expand their impact, the Foundation supports registered charities with an income of £1m-£3m. ➡️ More Details: https://buff.ly/3Z0K3x6

📖 The Charity Commission's Annual Return 2022 report is here - and we've summarised it for you. From financial growth to volunteer engagement, explore how charities are innovating for a #BrighterFuture ⬇️ #NonProfit #Insights #CharityCommission