Each year, nonprofit organisations dedicate extensive time and energy to producing their annual reports. The Annual Report is the perfect medium to showcase your strategy and operations, and also to signpost your future direction.
Below is an exploration of its core utilities and how organisations can unlock their full potential.
Thank you to Sheena Horgan from 2into3 for her contribution.
On the 27th of February 2024, Carmichael hosted a webinar on how nonprofits can improve their annual reports and financial statements.
The panel consisted of:
- Nina Arwitz: CEO of Volunteer Ireland
- Aedín Morkan: Audit Partner at Mazars Ireland
- Senan Turnbull: Consultant and trainer specialising in nonprofit annual reports
The panel was chaired by Róisín McGuigan: Services Manager at Carmichael and Coordinator of the Good Governance Awards.
The three panellists shared some of their pointers for improvement and the session finished with a Q&A.
This resource is taken from the session.
Board packs are one of the key gateways for board members into the organisation they govern. The clarity and accessibility of board packs is vital to ensuring an effective board and well-governed organisation.
Follow the four stage plan to achieve this.
We all know that the annual report is more than just a profit and loss statement. Annual reports are typically filled with important and often critical information about the charity’s finances, its performance, and its goals for the future so make sure it is accessible. Have a read of this resource to guide you.
Each year, 100s of new nonprofits are established in Ireland and these new groups can find it incredibly challenging to establish themselves and secure funding in a sector with more than 30,000 organisations already in existence. This resource provides some tips to help a new nonprofit standout and stand the test of time.
When you are hiring new board members, this document coupled with our latest Podcast release here, can assist you with recruiting the right board members for your Organisation.
A Board evaluation is a great opportunity for the Board of a non-profit organisation to take a good look at itself and consider how it operates, how effective are board members individually and collectively. Importantly, it is not a governance review, it is a review of Board performance and effectiveness. This document captures why board evaluations matter. Author: Andrew Madden, Head of Training, Consultancy and Communications.
Governance Officer Roisin McGuigan shares a number of steps that a nonprofit can take to safeguard itself against mission drift. Nonprofits can be in danger of mission drift, where the organisation loses sight of its core purpose, as they struggle to balance other goals such as securing funding, raising their profile or recruiting new volunteers and staff.
The decision to hire your first paid staff member is a big one. It can be intimidating, and needs to be handled tactfully, but it can also be the key to growing a non-profit. The resource outlines some of the key considerations when hiring the first member of paid staff in a non-profit.
We are living in a rapidly changing world, where we need creative and flexible solutions to problems. We are well into a man-made climate and environmental emergency with potentially catastrophic consequences. Despite this depressing backdrop, there is evidence that change is beginning to happen. Governments and Big Business around the world are finally formulating and implementing policies that will nurture the development of circular economies. Social Enterprise has an important role to play, and this article outlines the great work being done by Social Enterprises around Ireland.