How to report a serious incident in your charity

first_img Howard Lake | 23 September 2017 | News What is a serious incident?A serious incident in a charity is described as an “adverse event, actual or alleged, which results in harm to a charity’s work, beneficiaries or reputation; the loss of a charity’s money or assets, or damage to a charity’s property”.Last year, charities reported 2,181 incidents to the Commission. Over half of these (55%) related to safeguarding; and around one in seven (14%) related to fraud or money laundering, with a third of reported frauds being internal (‘insider’) fraud.How many serious incidents are reported?The Commission states that serious incident reporting has been increasing steadily year-on-year since 2011-12, when 1,027 incidents were reported. However, it continues to find events and problems in its case work that “should have been reported to the regulator at an earlier date”. New guidance on serious incident reportingThe Commission’s How to report a serious incident in your charity replaces previous guidance, and has been produced following a consultation with charities. It:includes new tools, such as examples and checklists to make it clearer to trustees what they should, and should not, report to the regulatorprovides greater clarity on incidents resulting in “significant financial loss”, making clear that losing significant funding or contracts that the charity can’t replace should be reported to the regulatorno longer requires trustees to report if their charity doesn’t have a safeguarding policy in place, as that information is now captured through the annual return. Commenting on the new guidance, Sarah Atkinson, Director of Policy and Communication at the Charity Commission, said: “Trustees cannot always foresee or prevent a serious event arising in their charity. What they should do, however, is to act responsibly and quickly when something does go seriously wrong, taking steps to limit risk and protect their charity from further harm.“Making an incident report to the Commission is one of the most important ways trustees can demonstrate that they are doing just that. Our updated guidance helps charity trustees understand when and how to submit a report.”How to reportTrustees can report serious incidents as soon as they occur by contacting [email protected] In addition, in future, trustees will be able to report serious incidents via the Commission’s online services. Tagged with: Charity Commission Law / policy AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4  111 total views,  1 views today The Charity Commission for England and Wales is concerned that charities are not always reporting serious incidents to them despite being required to do so. It has published updated guidance to help tackle this.The Commission states that the “significant underreporting of problems by charities” is putting those charities at potential risk of further harm. At the very least this could result in reputational damage.Why report serious incidents?The charity regulator says that a charity that reports a serious incident to it will:limit reputational and actual harm to the charityboost a charity’s credibility, given the Commission can state that the trustees handled the situation responsiblybenefit from being seen to have trustees that demonstrably took appropriate action.The Commission too benefits from receiving serious incident reports because it enables it to understand the risks facing the sector, and to respond with, for example, guidance or alerts to other charities.The charity regulator has improved its guidance on reporting serious incidents, to help charities report appropriate matters as soon as possible after they occur.   Advertisement How to report a serious incident in your charity  112 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4 About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

MAN to provide engines for US Navy oilers

first_img View post tag: John Lewis-class Back to overview,Home naval-today MAN to provide engines for new US Navy oilers Authorities View post tag: man MAN to provide engines for new US Navy oilers The US Navy has chosen the Fairbanks Morse MAN 12V48/60CR engine as main propulsion for the U.S. Navy’s new John Lewis-class of tankers, the engine manufacturer announced.Often referred to as oilers, the navy’s aging fleet of 15 tankers will be replaced by 17 new ones that will transfer fuel from coastal ports to naval vessels at sea.The oilers will have the capacity to carry 156,000 barrels of oil, including the Navy’s new bio fuels. The oilers also offer a significant dry cargo capacity, aviation capability and will be capable of reaching a speed of 20 knots.Lex Nijsen, head of four-stroke marine, MAN Diesel & Turbo, said: “The U.S. Navy knows our 48/60 engine very well, especially our L48/60A variant, and this played a key role in Fairbanks Morse winning this contract. The 48/60CR is the next generation of this proven engine with a further optimised performance featuring improved fuel efficiency, reduced emissions and increased reliability.”The engines will be built by American partner and licensee, Fairbanks Morse which is set to deliver the engine for the first tanker in 2020.Each of the current TAO vessels has two Fairbanks Morse Colt-Pielstick (MAN Diesel & Turbo) 10-cylinder PC4.2 engines as main propulsion. The ships will be phased out at the rate of one per year. View post tag: US Navy March 20, 2017 Share this articlelast_img read more

Home sales present opportunity for credit unions

first_imgFor the first time in seven months, the demand for homes is stabilizing. In October the sale of previously owned homes increased, which indicates that existing properties are becoming less scarce. While this bodes well for those in the buyer’s market, mortgage rates have yet to budge. More properties are available, yet the prices continue to rise. The mortgage rate is the highest it has been in eight years, and the Federal Reserve is expected to increase interest rates again in 2018 and into 2019. Although NAR Chief Economist, Lawrence Yun, has urged the Fed to pause interest rates to avoid stunting growth in the housing market.Despite daunting mortgage and interest rates, home purchases actually rose in most of the country. In the West, South, and Northeast, home sales rose, meanwhile they declined in the Midwest. The 30-year current coupon option-adjusted spread is up to 30 basis points, which is the highest we’ve seen it in nearly 2 years. At the end of 2017, it was resting around 8 basis points, which has caused big players like Bank of America Inc. and JPMorgan Chase & Co. to move to an overweight position on mortgages. Many in the financial industry agree with the moves JPMorgan and Chase have made to overweight mortgages, and anticipate performance will be rocky through the end of the year. Moving forward into the New Year, mortgage OAS is expected to tighten 10 basis points compared to Treasuries. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more