At The Mainstay Foundation we take our accounting needs seriously. That is why, we utilise the services of MHA MacIntyre Hudson as our strategic advisors and auditors. As one of the oldest UK firms, MHA MacIntyre Hudson offers financial, business and Charity strategy services helping Charities achieve success in the long term.
Compliance with law, regulation and best practise is integral to our governance and charitable activities at The Mainstay Foundation. In considering legal support, we thus turned to a top 100 award winning law firm within the UK to receive advice and services. Possessing some of the brightest talent in the profession, whereby many of its solicitors are recognised as leaders in their practise areas, Birhcam Dyson Bell excels in various practise areas, particularly within the not-for-profit sector and charity practise area.
Effective risk management is critical for the running of any charity. This is why at The Mainstay Foundation we continuously strive to perfect our risk management procedures to ensure that appropriate and timely action is taken where risks are identified and are better placed to achieve the charity’s mission. To this effect the charity’s regularly reviewed and updated policy ensures a proactive stance towards risk management, where Trustees are able to take a planned course of action upon identification of risks, either to : Minimise the impact of risk, accept the risk, transfer the risk, reduce the risk or monitor the risk.
In compliance with the upcoming General Data Protection Regulation, enforceable from 25 May 2018 and best practise our data protection policy proactively seeks to provide the best possible manner in collecting and handling personal data, as well as informing personal data subjects of their rights. Our responsibility as the collector of personal data is taken seriously here at The Mainstay Foundation and we continuously update our data protection policy and practises to comply with best practise as identified by various regulatory bodies and experts.
Our Anti-Money Laundering and Counter-Terrorist Financing Policy includes strict procedures and controls for identifying and preventing any money laundering and terrorist financing activities in compliance with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), in addition to relevant legislation and best practice.