Registered Office: The Charity Bank Limited, Fosse House, 182 High Street, Tonbridge, TN9 1BE. Company registered in England and Wales No. 4330018. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register No. 207701. Member of the Financial Services Compensation Scheme (FSCS).
Top 10 Property Tips For Your Charity's Success
Does your property strategy align with your organisations’ aims and objectives?
Do you know your health and safety responsibilities?
Has the pandemic changed your use of property?
This guide aims to raise important property questions in the minds of trustees and others with property responsibilities. Owning the right property or securing a favourable lease, can help to strengthen a charity and secure its future. However, trustees need to be aware that a bad property decision can damage both a charity’s finances and its reputation:
• A rigid lease that doesn’t allow the charity to grow
• A schedule of dilapidations that the charity hasn’t accounted for
• An unwise property purchase that doesn’t suit the needs of service users
This guide is intended as a starting point, with top tips for property and areas to review to avoid potential costly mistakes. Topics covered in this guide include, among others:
• Aligning your property strategy with your aims, objectives and strategy
• Scrutinising the terms of your lease or terms of ownership
• Considering sustainability improvements
• Taking advice from a property professional
We hope that after reading this guide, you’ll be prompted to take action, if necessary, in order to ensure that your charity’s property is an asset, not a liability.
About the author
Senior Property Advisor Simon Taylor is a Fellow of the Royal Institution of Chartered Surveyors (FRICS) and has more than 40 years’ experience across the commercial and charity sector.
About Ethical Property Foundation
The Ethical Property Foundation is the property advice charity for the UK voluntary sector, offering free guidance and training as well as affordable consultancy. Every year we support hundreds of charities, social enterprises and community groups. Everything we do is designed to equip not-for-profit organisations with the knowledge and confidence to manage their premises, whether rented or owned, for the benefit of their cause and community and to adapt to the new normal in a pandemic world.
About Charity Bank
Charity Bank is the loans and savings bank owned by and committed to supporting the social sector. Since 2002, we have used our savers’ money to make more than 1,000 loans totalling over £350m to housing, education, social care, community and other social purpose organisations.
Nothing in this document constitutes advice or a recommendation and professional advice should be taken before taking any action. Links/references to external providers should not be considered a recommendation or endorsement of those providers’ products and/or services.
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