Brexit – Five Things Charities Can Do
NCVO blog
We’ve already published an initial briefing about the implications of Brexit for charities. Some of you asked, what should we do next? So here’s five things charities can consider doing in response.
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Discuss with your board
For many charities, it will make sense to discuss Brexit at your next board meeting. Even those that do not feel directly affected (for example, do not receive any EU funding) are likely to experience some indirect effects – see below.
So it is best for your board to be on the front foot. It may be helpful to share with trustees NCVO’s Brexit briefing, our pre-referendum analysis paper or the Charity Commission’s 15 questions trustees should ask.
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Review budgets
With most commentators expecting an economic slowdown or recession in the coming year, looking again at your budgets for 2017-18 is a good idea. Are any important income streams likely to be at risk?
If your charities’ income is well-diversified and/or you have multi-year grants or contracts, this may mean you are in a relatively secure position and can continue as planned. If key areas of income may be at risk, you may need to talk to your funders now, look for alternative funding sources and/or plan to reduce costs.
