OVER 220 new charities were launched in this region last year, figures show.

According to data from the Charity Commission for England and Wales, there were 223 new registrations region-wide.

Nationally, 2,446 charities were set up – an increase of 342 compared to 2022.

The statistics have been analysed by Ansvar, a specialist insurer for the charity and not-for-profit sectors.

It says the figures reveal "a dynamic shift in the philanthropic landscape", with more people actively seeking ways to contribute to their communities.

And the firm has issued guidance for others looking to follow the same route.

Martyn Fletcher, deputy managing director of Ansvar, says: "The wave of charitable registrations is something to be celebrated, signifying a growing trend for people keen to make a meaningful difference.

"We understand that navigating the complexities of setting up and running a charity successfully can be complicated. It requires careful consideration and planning to ensure long-term success and sustainability.

"We're keen to empower those who want to establish their own charitable organisation in 2024 with the knowledge and resources needed to ensure the longevity and impact of their endeavours."

Tips include:

* Clearly define the mission and objectives of the charity and what positive impact it hopes to achieve. Find out if any charities are already providing the same services, as working together can be more effective than setting up a new charity and competing for resources.

* Choose an appropriate legal structure for the organisation, such as a named fund or trust, social enterprise or charitable incorporated organisation. Each entity type has distinct legal and regulatory obligations, and being registered as a charity may pose limitations on pursuing the desired activities. It is therefore vital to understand the differences and restrictions.

* Conduct a comprehensive risk assessment. It should include considerations for insufficient funding, governance, compliance, fraud and cybersecurity, and legal and regulatory risks.

* Develop a detailed business plan outlining goals, activities, target beneficiaries and anticipated outcomes. Include a budget that covers start-up costs, operational expenses and potential funding sources.

* Register your charity with the appropriate regulatory body, such as the Charity Commission, and ensure understanding and compliance with legal requirements for registration.

* Assess the insurance needs of the charity, considering the size and nature of the operations, particularly in relation to staffing, volunteers and fundraising activities.

* Explore potential funding sources, such as grants, donations and fundraising activities.