In April 2016, the minimum wage will increase to £7.20 an hour – and by 2020 it will reach £9 an hour. This is great news for workers but is expected to cost the charity sector as much as £500 million and social care charities will be especially hard-hit as the prospects of getting more money from social care commissioners look slim.
Other pressures include the living wage, increased costs under auto-enrolment, uncertainty surrounding the integration between the NHS and the health and social care sector providers, central government policy changes and the wider charity context around transparency and the need for good governance.
Social care providers have been planning their response to these issues for some time. This is an opportunity to consider your options, hearing from legal and financial experts and peers from other providers. It is those charities with effective strategies that will survive and thrive.
In this practical workshop experts from the specialist Health and Social Care teams at Sayer Vincent Accountants and Anthony Collins Solicitors will help you identify and address key areas of focus.
This workshop provides an opportunity to explore options including:
- Managing risk and gaining assurance
- Understanding your business model
- Financial skills and capacity
- Accounting and financial reporting compliance
- Understanding the value of your contracts
- Tactics for negotiating with commissioners
- Changing staff terms and conditions
- Understanding the limits of your obligations under TUPE
- Implementing new pay structures
- Ensuring NMW compliance
- Procurement strategies: challenging unlawful practices or biting the hand that feeds you?
Who will be there?
Trustees and senior managers from charities delivering regulated social care.
Why should I attend?
Health and social care providers face increasing financial pressures. At the same time the pressure on charity trustees to demonstrate effective oversight is growing, fuelled both by regulatory requirements such as the ‘well-led’ agenda and by broader developments such as the often-hostile media scrutiny of charities. In this context, it is essential that your board can be assured that your strategies for managing costs and increasing income are as robust as they can be.
Registration from 9:00 for 9:30 start.
Networking with lunch provided: 12:45 – 13:30.
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