Financial management and leadership

A related party transaction may be on terms that are beneficial to the charity, or they may be on normal terms, known as arm’s

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A related party transaction is a transfer of resources, services or obligations between related parties, regardless of whether a price is charged, including: Purchases

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Related party is a term used by The Charities Statement of Recommended Practice that combines the requirements of charity law, company law and the

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Fixed costs are usually the overheads of an organisation or department and are costs that will be incurred regardless of the level of activity.

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Charities may be pricing a service for: Individual users or customers – for example, you may sell books or places on training courses Organisations

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You need to decide what your objective is in relation to the activity or service as this will inform the pricing strategy you adopt.

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Cultural fit; perhaps the most significant barrier to successful merger is lack of “cultural fit”. Many charities rely on the goodwill of their stakeholders

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The merger process can usually be broken down into five steps: 1. Feasibility study; undertaken to establish whether the merger is likely to work

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A merger between two organisations can provide a number of benefits by reducing overall risk, potentially taking advantages of synergies in operations, and offering

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In order to document the agreement between partners, you should draw up a collaboration agreement or memorandum of understanding. The precise form of this

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Before you enter any form of collaboration, it is sensible to undertake some due diligence, taking it further if you are considering a deeper

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You can manage some of the risks by undertaking adequate due diligence and setting up an appropriate legal framework in the collaboration agreement. There

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Working together with another organisation may allow your charity to deliver new or improved services for your beneficiaries, particularly if your beneficiaries have a

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A collaboration could take the form of: A joint operation, where two or more organisations perform functions contributing to a project. Sometimes known as

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