(a charitable company limited by guarantee)
Registered Charity No. 1054914
Company Number 3182826
The Charity Finance Directors' Group was incorporated by guarantee on 29 March 1996. It has no share capital and is a registered charity. The guarantee of each member is limited to £1. The governing document is the Memorandum and Articles of Association of the company and members of the Board of Trustees are the Directors of the company.
At the AGM in September 2006 the following changes to governance structure were agreed. These had been drafted by the Board after extensive consultation with members during the previous six months.
• Only 7 out of the 10 Board Members need to be CFDG members in the future, allowing 3 non-members to be co-opted as Trustees. This move aims to reflect the wider variety of skills such as marketing, communications and media, which are essential to the delivery of CFDG’s current strategic plan.
• In order to streamline administration, only Board members will from now on be the members of the company.
• Finally, the Memorandum & Articles of Association were updated to reflect current best practice in the sector and recent changes in legislation.
Trustees serve for a term of three years and may be appointed to serve for one further term. Appointment of the 7 ‘member’ trustees is by election at the September Members’ Meeting, postal ballots are conducted when necessary. The three ‘non-member’ trustees are selected by an open and transparent process of advertising and interview by the Trustees. The Chair and Officers are appointed by the Trustees from among their number. The Board convenes five times each year and holds an additional strategic planning day.
We also have Pesh Framjee of Deloitte as our Special Adviser and John Tate who is our IT Adviser. The supporting committees included at least one Trustee as follows:
| Finance | Tom Sterry MBE, Phil Brown and Geoffrey Wheeler |
| Nominations | Paul Breckell, Melvin Coleman, Charles Nall and Fiona Young |
| Remuneration | Paul Breckell, Steve Mahon and Tom Sterry MBE |
| Public Affairs | Charles Nall and Melvin Coleman |
| Marketing | Roger Chester and Rohan Hewavisenti |
| Education | Geoffrey Wheeler and Fiona Young |
| Information Technology | Phil Brown and Roger Chester |
Each Committee has its own Terms of Reference and their reports are a standing agenda item for the full Board meetings. The Board also receives a report from the Chief Executive, which covers each of our three main work activities, as described earlier in this report. Other committees and working groups are set up as needed to support and inform staff and these include the Policy Development Working Group chaired by Claire Newton of Marie Curie Cancer Care and the Technical Accounting Group chaired by Fiona Young of The Tudor Trust. We are very grateful to them and all those who have helped us to develop our work and influence.
Page 14 - Annual Report and Financial Statements 2007