Back to Charities & Not-for-Profits Service 01 — Governance

Well-governed charities make better decisions and stronger cases.

Good governance is not a compliance exercise. It is the foundation on which trustee confidence, stakeholder trust, and organisational effectiveness are built. Adena Street provides independent governance support designed specifically for the not-for-profit environment.

Offered by Adena Street

Governance services for charities are delivered by Adena Street Limited — an independent advisory firm specialising in governance and financial guidance for charities and philanthropic organisations. Adena Street is introduced through the Aetas in the Workplace engagement framework.

What governance support covers

Independent oversight and structured support for trustees and boards

Adena Street provides tailored governance support focused on strengthening oversight, accountability, and decision-making. The approach is always independent — drawing on the whole of the market where specialist expertise is required, and carrying no conflicts of interest. The aim is to ensure your organisation is well-governed, well-informed, and operating in the best interests of its stakeholders.

01

Governance structures and frameworks

A well-designed governance framework ensures that your board has the structures, processes, and accountability it needs to exercise its responsibilities effectively. Adena Street reviews your existing arrangements and provides clear, practical recommendations.

  • Review of existing governance structures and committee arrangements
  • Board effectiveness assessment and improvement planning
  • Development of governance policies, terms of reference, and delegated authority frameworks
  • Alignment with Charity Commission guidance and sector best practice
02

Board challenges and risk oversight

Trustees face complex decisions — often without the specialist expertise to navigate them confidently. Adena Street provides independent input to help boards address governance challenges, understand risks, and make well-reasoned decisions that can be documented and defended.

  • Independent review and input at trustee meetings
  • Governance risk identification and mitigation support
  • Conflict of interest management and policy review
  • Support during periods of change, challenge, or transition
03

Investment Policy Statement

If your charity has delegated discretionary investment management to an external manager, an Investment Policy Statement is a legal requirement. Many charities either do not have one, or are working from a document that has not been reviewed in years. Adena Street drafts, reviews, and updates IPS documents to reflect current objectives and obligations.

  • IPS drafting from first principles, aligned to your charitable objects
  • Review and update of existing investment policy documentation
  • Ethical investment restrictions and ESG framework integration
  • Annual IPS review as circumstances and objectives evolve
04

Trustee training and education

The Charity Commission actively encourages trustees to seek education and independent advice where they lack the time, knowledge, or inclination to act alone. Adena Street delivers practical training designed to improve effectiveness, build confidence, and ensure trustees understand the responsibilities they carry.

  • Structured training sessions for trustee boards and officers
  • Education on investment responsibilities and legal duties
  • Guidance on understanding investment portfolios, performance reporting, and fees
  • Training designed around your organisation's specific context and challenges
Why governance matters

The gap between good intentions and good governance is often wider than trustees realise

Most charity trustees are motivated, committed, and acting in good faith. But legal obligations around governance — particularly where investments are held — are significant, and the consequences of gaps in compliance can damage both reputation and finances.

Trustees who do not have a current Investment Policy Statement, who have never reviewed the performance of their investment manager, or who cannot articulate the fees they are paying are exposed to reputational and regulatory risk — even when none of this was through any lack of care.

The Charity Commission encourages charities to seek independent advice. Acting on that encouragement, and documenting the process, is itself a demonstration of responsible governance.

What good governance demonstrates

Governance that funders and trustees can evidence

Funders, donors, and regulators are increasingly attentive to how charities manage their governance responsibilities. A structured, independently supported governance framework demonstrates that your board takes its duties seriously — and provides the documentation to show it.

Adena Street provides clear records of advice provided, decisions made, and improvements implemented — giving your board the audit trail it needs to demonstrate compliance and effective oversight to any stakeholder.

Common questions

What trustees typically ask

Yes — and in some respects, smaller charities are more exposed. A volunteer board often lacks the specialist time or expertise to manage governance obligations confidently, and the consequences of a gap are proportionally more significant. Independent support does not need to be extensive or expensive to make a real difference to your board's effectiveness and confidence.
An IPS should be reviewed annually, or whenever your circumstances change significantly — for example, a change in investment manager, a significant influx of funds, or a shift in your charitable objects. Many charities hold documents that were written years ago and no longer reflect the organisation's current objectives, risk appetite, or ethical position. A review ensures the document remains a genuine working framework rather than a historical artefact.
Yes. Even where a charity holds only cash or bank deposits, governance best practice recommends maintaining a clear investment policy. Beyond investments, governance support covers board structure, trustee responsibilities, accountability frameworks, and decision-making processes — all of which apply regardless of how financial assets are managed.
Yes. Adena Street operates entirely independently, without product bias or commercial relationships with investment managers or other providers. Where specialist expertise is needed, Adena Street draws on the whole of the market — always in your interests, never its own.

Start with a conversation about your governance arrangements

A no-cost discovery conversation to understand what you have in place, where the gaps may be, and what independent governance support could look like for your organisation.

The three services — charities and not-for-profits