Early trustee action in financial difficulties reaps better results, says Charity Commission

first_img 63 total views, 1 views today Melanie May | 21 September 2016 | News 64 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 Early trustee action in financial difficulties reaps better results, says Charity Commission Tagged with: Charity Commission Finance researchcenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 Trustees who act promptly to actively manage their financial difficulties, such as by exploring mergers, collaborations, and new income streams, will secure better outcomes for their charities and beneficiaries, according to new Charity Commission research.The Charity Commission has published two reports, Accounts monitoring: Charities with audit reports identifying that they may be in financial difficulty, and Charities at risk of financial distress: Group case report as part of a project undertaken to explore the financial resilience of the charitable sector and to identify wider lessons for charities experiencing financial distress.It identified a total of 94 charities with incomes of over £1million, totalling over £462 million, highlighted by auditors as potentially being in financial difficulty. The Commission reviewed the accounts of these charities to assess the reasons why the charities were in financial difficulty and the actions that the trustees were taking in response. It also undertook more detailed monitoring and compliance visits to 10 charities, selecting five of those from the list of 94 and a further five from reports suggesting that the charities were in financial distress.The reports highlight a number of key themes and wider lessons for other charities, including:Early steps to address financial difficulties and confront them pragmatically minimised the risk to beneficiariesCharities have a number of different options to explore including the possibilities of mergers and collaborations to achieve positive outcomes despite their financial difficultiesThe future outlook for charities remains challenging and trustees must stay alert to the risks of financial distress and manage them actively.Paula Sussex, chief executive of the Charity Commission, said:“The economic reality for charities across the UK is a challenging one. But trustees will better serve those they need to support by exploring mergers and collaborations, diversifying income streams or taking other steps to manage those difficulties at an early stage. A head-in-the-sand approach raises concerns about the ability of trustees to run their charities effectively. Charities should not take unmanaged risks, but the risk of doing nothing is only too real and the consequences can be devastating, particularly where vulnerable beneficiaries are involved.” Advertisement About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

Tsipras pledges to fight austerity but ‘observe euro norms’ as bankers prepare to stonewall Syriza

first_imgFeb. 9 — A showdown in Greece in the struggle between the newly elected leftist Syriza government and the European bankers, who are trying to squeeze every last euro from the Greek masses, may come to a head Feb. 11-12 at meetings of the finance ministers in Brussels.The bankers are taking a hard line while the Syriza government is pledging to reverse austerity. The bankers show absolutely no signs of backing down. Greek Prime Minister Alexis Tsipras, in his first speech to the Greek Parliament, strongly repeated his anti-austerity message, but also pledged to pay the loans and act within the norms of the eurozone.“Greece wants to service its debt and invites its partners to join it in finding a way to work together,” he said. “It will comply with the rules of fiscal balance and a balanced budget but at the same time deal with social destruction, putting an end to austerity and a humanitarian crisis.” (Tsipras speech summarized in Business Insider, Feb. 8)These aims — to conform to the rules of the bankers and at the same time to end austerity — are mutually incompatible. They are signs of either illusions or vacillation, or both, given the hard-line messages of the Berlin, Paris, Rome and London bankers, as well as all the other parasitic bankers who are sucking the blood of the Greek people and of all the people of southern Europe.Already Syriza has silently dropped its demand for cutting the debt in half. In any case, the Syriza leadership is giving an ambiguous message that could confuse and disarm the Greek masses. Hopefully, Syriza will take a more consistent anti-austerity line at the upcoming Brussels meeting of ministers.Tsipras reaffirms anti-austerity programAccording to the Business Insider, Tsipras emphasized “tackling the big wounds of the bailout, tackling the humanitarian crisis. … After five years of bailout barbarity, our people cannot take any more.”The anti-austerity measures that he pledged to follow included giving free food, electricity and health care to those worst affected by the economic crisis and ending an unpopular annual levy on small private property.Among other commitments outlined in parliament were:• A gradual rise in the minimum wage to 751 euros ($850) by 2016.• Payment of a bonus to low-income pensioners.• Reinstatement of public sector employees “fired illegally.”• Restoring the national broadcasting network.• Raising the tax-free annual income for the poor from 5,000 euros to 12,000 euros.• An end to privatization of public facilities.Tsipras also demanded reparations from Germany for forced loans imposed on Greece during the Nazi occupation in World War II.Tsipras told parliament that Syriza’s “irreversible decision is to implement in full our pre-elections pledges.” (BBC, Feb. 8)Tsipras also rejected any more bailout money. Greece is supposed to apply for 7.2 billion euros by Feb. 16 and receive it on Feb. 28. If Greece does not have enough money to pay 1.4 billion euros by March and 3.5 billion euros in June, it could default on its loans.This, of course, has enraged the bankers. The European Central Bank has cut off access of Greek banks to cheap loans.The Syriza government is asking instead for a bridge loan to be able to pay debts until negotiations can be worked out. The ECB has refused, saying the only money Greece can get is bailout money, with all conditions of austerity attached.Greece at Brussels: ‘One versus 18’At the coming meetings in Brussels, the Greek government, which owes 320 billion euros ($360 billion) to the bankers, is supposed to present a financial plan that will allow the government to keep its promises to end austerity.The bankers have already signalled a hard line. The ECB has told Greece not to expect any concessions at the Feb. 11-12 meetings.At a preliminary meeting between Greek Finance Minister Yanis Varoufakis and all the other finance ministers in Brussels last week, “It was Greece against all others, basically one versus 18,” one official said, describing the discussions. (Reuters, Feb. 5)Washington and Wall Street have tried to maintain a low profile during this crisis. But the U.S. government quietly made its position known.“The U.S. urged Greece to exercise fiscal prudence and continue structural reforms in meetings between U.S. Treasury Department Assistant Secretary Daleep Singh, Varoufakis and other Greek officials in Athens Friday, the U.S. Embassy said in a statement on its website.“‘The United States believes that it is very important for the Greek government to work cooperatively with its European colleagues, as well as with the [International Monetary Fund],’ U.S. Ambassador to Greece David Pearce said in the statement.’” (Bloomberg News, Feb. 8)Not discussed is that the U.S. is the dominant force in the IMF, which, along with the ECB, is one of the two primary forces imposing austerity on Greece.Alan Greenspan, former head of the U.S. Federal Reserve Board, predicted, according to the BBC, that Greece would have to leave the eurozone. It is not known whether this is a warning or a threat in the guise of a prediction. But in any case, it points up the dangerous situation that the Greek government and the Greek workers, peasants and middle class are facing.Pointing to challenges, mobilizing for struggleIn fact, breaking with the euro would be a step toward ending the debt slavery Greece is in. But it also sets the stage for economic aggression by the world capitalist investors and severe economic hardship. Economic strangulation could only be answered by strong working-class measures to fight back.With the Brussels meeting coming up, it is urgent to tell the workers of the potential dangers ahead, not hold out hopes of a settlement. And it is equally urgent to mobilize in the factories, workplaces, campuses and countryside for a struggle. This battle should not be carried on by government leaders in negotiations over the heads of the people. It must become a political struggle in the streets involving the masses, not only against the eurobankers and Wall Street, but against the Greek ruling class, which is complicit in all the rotten deals made with Berlin and Brussels.Right now the Syriza leaders are publicly underestimating the enemy. Instead, preparations for a financial and economic assault should be underway. And all revolutionary forces in Greece should be looking for ways to unite in the struggle in the face of the crisis. This applies especially to the working-class organizations and the strategically situated trade unions, which have a glorious history of resisting political reaction, repression and exploitation.Any strong initiative taken by the Greek masses to ward off the coming attacks would undoubtedly resonate in southern Europe and other European countries. Taking a struggle initiative in Greece is the most certain way to generate international solidarity.The struggle against austerity and economic strangulation must lead down the path of class struggle and working-class organization for defense of the people.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

324 patients without beds at MWRH

first_imgNewsLocal News324 patients without beds at MWRHBy admin – November 3, 2011 522 THERE were 324 people left on trolleys in the Mid-Western Regional Hospital in Dooradoyle over a 17 day period last month – and those were just weekdays.The trolley watch figures – which record how many people are on trolleys in the country’s hospitals on a daily basis,Sign up for the weekly Limerick Post newsletter Sign Up – showed that on one day, October 4, there were 35 people who could not get beds in the Midwest Regional. On 15 of the 17 days recorded, numbers left waiting for a bed went into double figures.The figures are compiled by the Irish Nurses and Midwives Organisation (INMO), and are only recorded on weekdays, although the union is planning to start recording weekend figures shortly to show the full extent of the problem.INMO industrial relations officer, Mary Fogarty, told the Limerick Post that the figures show some of the difficulties which the union has been trying to highlight through recent half-days of stoppages.And the problems will only get worse as the winter brings its own casualties, as respiratory infections and injuries from falls multiply, she warned.“We know what’s coming. There are 25 beds closed in the Mid-West Regional Hospital and 25 more in St John’s. Unless the recruitment ban is lifted, those beds are likely to remain closed,” she warned.The situation at the emergency department of the hospital has been the subject of protest stoppages and talks under the auspices of the Labour Relations Commission. The INMO and SIPTU suspended all industrial action two weeks ago to allow the HSE examine what can be done. Unions are due to be briefed this week on what progress is being made.“There are lots of day procedures that could go to Ennis and to Nenagh to free up beds. We have suggested that, as has the minister’s special delivery unit. But we think the HSE and the Department are bracing themselves for what they said would not happen, namely that the numbers of people on trolleys in the Regional last year would be exceeded,” Ms Fogarty added. In a statement on the numbers, HSE Mid West area, manager, Bernard Gloster, said that adding up the activity in any part of a busy hospital over that period would result in a large figure.“A more appropriate refelection of the figures would be to take Wednesday, one of our busiest days, this week. At 8 am, we had 25 patients waiting to go to wards in the ED. At 2 pm, we had 13, of which six were waiting under six hours, six were between 12 and 24 hours and one over 24 hours. These are not desirable levels by any means but they are a more fair reflection than simply taking 17 days in a month on aggregate,” he said.Mr Gloster concluded that members of the public can help by not making the emergency department the first port of call when consulting a GP may be enough. Linkedin Facebook Email Twittercenter_img WhatsApp Advertisement Print Previous articlePay for waste collection – or else, warns councilNext articlePrivate takeover of MWRH strongly opposed adminlast_img read more