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The trustees of the FSI are sorry to announce we have taken the difficult decision to formally wind up the charity. It has proved increasingly challenging to balance delivering the training and support we provide to members with the funding received from the multiple streams pursued by the FSI’s leadership. We are extremely disappointed that yet another infrastructure charity must close at a time when supporting these organisations is so vital.

Since inception, the challenge of sustainability, while retaining accessibility for members, has hampered the work of the FSI, despite the rising demand from our services. This challenge has finally become too significant to continue.

FSI’s dedicated and highly motivated team of staff, associates and volunteers have worked extremely hard in recent years to serve our members helping many small charities to grow and serve their end users. We were the charity behind Small Charity Week, an initiative that has expanded to become a sector-wide event. We have reached nearly 9,000 small charities with our member offers and trained thousands of individuals across the country. We are sorry that we will not be present in the future to do more of the same.

Our aim is to close the charity responsibly in Spring 2023.We will look to secure ongoing support for small charities through other means. Any news in this regard will be posted on the website and social channels in the coming weeks.

As we progress our closure, we will look to respectfully wind down contractual arrangements between partners, suppliers and sponsors. We will do our utmost to support our staff in the coming months to look for work and ensure their wellbeing.

We acknowledge how difficult this news may be to receive. FSI would not have existed without our members and we have been so proud to promote the contribution of small charities for the past fifteen years.

We hope our legacy is that the needs of small charities are permanently at the top of the sector’s agenda.

On behalf of the Trustees


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_ PolicyBee_

Times are tough, no doubt about it. Spiralling inflation and increasing costs are putting a strain on every part of the UK economy, the third sector included.

Meanwhile, households are being hit hard. Rising prices, soaring bills, and higher rents and interest rates are all part of a damaging mix that’s stretching people’s finances to the limit.
Neither does there seem much hope of respite anytime soon, with the economic forecast set firmly to ‘stormy’.

So, while demand for charities’ services is mounting, the cost of delivering those services is going up too. And all this against a background of a lack of spare cash in people’s pockets…which usually translates to a fall in donations.

Time for a trim?

With money tight, everyone’s looking to make savings. The same goes for charities.

But with no one wanting to cut back on services, how can charities make their funds go that bit further? What can be trimmed and what can they potentially do without altogether?

If your charity insurance is on your list of possible economies, that’s understandable. There may be a nagging voice in your head, asking: ‘Could your organisation maybe get by without insurance? How often do you claim after all?’

But before doing anything like cancelling your policy, it’s important to understand what that means. And what the risks are.

Weighing game

The first thing to consider is what might happen if you didn’t have cover. Getting sued can be a very expensive and uncharitable experience once you factor in legal costs and any compensation you have to pay.

A public liability claim for a mishap at a fundraising or club event could easily wipe out any funds raised…and much more besides. Claims for bodily injury after someone’s been accidentally hurt can run to many £thousands after all.

The same goes for claims your work wasn’t up to scratch if your charity offers a service or advice. Allegations like these are covered by your professional indemnity insurance. And we all know how expensive legal wranglings can get.

What if you’re a trustee? Always remember trustees can be held personally liable if a charity’s accused or wrongdoing - like misappropriating funds or deviating from its stated aims.

Claims like these could land heavily at your door. And without trustee insurance, you’ll have to pay to defend them yourself, as well as covering any fines and compensation. That can put your own finances seriously on the line.

So before cancelling any of your cover, it’s important to weigh up whether it’s a corner really worth cutting. Or whether it could turn out to be a financially ruinous false economy instead.

Cancel culture

Another idea people sometimes toy with in straitened times is stopping their policy for a while. In other words, saving some pennies until things get easier.

It’s a high-stakes game, though. Because you-know-who’s law says the worst will happen at just the wrong time. And even if you haven’t claimed on your policy until now, there’s no knowing whether you might need to tomorrow.

In fact, if you have professional indemnity (PI) insurance, it’s doubly risky. That’s because PI relies on your cover being active not only when a claim’s made, but when the ‘work’ was done. And no continuity of policy at either point = no valid claim.

Similarly, if you have employers’ liability (EL) insurance, you have it for a reason. The law. It’s illegal to have staff and not to protect them with EL.

It covers legal fees and compensation if employees or volunteers are made ill or injured in the course of what they do for you. If you don’t have it, or you cancel it, the Health & Safety Executive can fine you £2500 for each day you were mean to have it…but didn’t.

The only way is up

There’s no doubt that ongoing inflation means things cost more than they did. And that makes now a good time to check your contents and equipment level of cover.

It very much depends on what your charity does, of course. And how much stuff you have. But will the kit you rely on still cost the same to replace? Best to check today’s price tag instead. Then make sure your cover is sufficient.

It’s a good idea to check your buildings insurance too. Construction costs have gone through the roof. And if you own your premises, your cover needs to be enough to pay for a rebuild at today’s prices, not last year’s.

Premium prices?

So, things are tough. And your services may well be more in demand than ever. That makes keeping costs under control crucial. But not at the price of cutting off your nose to spite your face.

For our part, we’re working hard to keep premiums as low as possible. Because we’re an independent broker, we can choose which insurers we work with. And that means we’re always on the look-out for the best policies at the best prices.

As things stand, it seems we’re all going to have to tighten our belts and wait for things to get better. But if you’d like any advice about your insurance in the meantime, you can visit or call 0345 222 5399 to chat to a friendly expert.


PolicyBee is an independent insurance broker. We help your charity get the cover it needs quickly and easily. We specialise in insurance designed specifically for small charities. Or call our award winning, jargon-busting customer service team on 0345 222 5381

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