Financial reporting for small charities needs to be simplified ahead of the introduction of the new Charities Statement of recommended practice (SORP), according to grant makers. The findings form part…
Charities News
Government reveals Dormant Assets Scheme expanded to help charities
The Government has announced that hundreds of millions of pounds of dormant assets will be “unlocked” to support charities throughout the Coronavirus pandemic. Under new plans, some £800 million could…
Charity Commission ‘responsible investments’ guidance to be brought up to date
It has been confirmed that the Charity Commission will assess whether the existing ‘responsible investments’ guidance is preventing charities from investing effectively. New research found that “the way responsible investment…
Third Sector sees rise in pension shortfalls
A major study has revealed that the number of not-for-profit organisations reporting a pensions deficit is rising rapidly. The report, published by the Charity Commission, shows that pensions pose just…
Social investment scheme supports charities affected by Covid-19
Charities affected by Covid-19 can now access more than £25 million of affordable finance through the Resilience and Recovery Loan Fund (RRLF). The RRLF is part of a wider package…
Charities encouraged to promote in-memory tribute funds
A new report from Legacy Foresight is calling on organisations to seek out donations from tribute funds after finding that they have a strong symbolic function for donors. The analysts…
Regulator allows Charity AGMs to be delayed until September
The latest guidance from the Charity Commission has confirmed that due to the impact of Coronavirus and concerns over safety, charity’s annual general meetings (AGMs) can be delayed until 30…
Charity leaders and trustees must take action against mismanagement
Hundreds of charity leaders have received letters from the Charity Commission reminding them of the grave consequences of mismanagement and governance failures. The letters were prompted by serious failings at…
Charity SORP reform engagement process begins
The Charity Statement of Recommended Practice (SORP) reform has moved into its next stage after launching the engagement process. It comes after a major governance review of the Charity SORP…
Trustees –update on rules, roles and responsibilities
Becoming the trustee of a charity or organisation can be a very rewarding experience, but it is not a decision to be taken lightly. The Charity Commission for England and…
