I took part in this charity strategy review project, as a reviewer. The ICAEW report was published earlier this year and the CCEW has recently released its response. I am pleased to hear that revised CCEW guidance will make a clearer link between strategy, risk and controls.
A review was carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) on behalf of the Charity Commission. It looks at charities’ strategy development, implementation and review by analysing material provided by 26 charities with annual incomes under £5m. This identified a number of themes which the reviewers discussed with the participating charities. The review concludes that charities with a strategy cope better with pressure and can adapt more easily to changes. The report makes a number of recommendations for the Charity Commission’s guidance, regulatory approach and future research. The commission’s response sets out how it and other key players in the sector can take forward these recommendations.