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…
HMRC to accept legal correspondence by email during Covid-19 pandemic
HM Revenue & Customs (HMRC) is now accepting legal correspondence by email rather than by post throughout the Coronavirus pandemic, it has been announced. The notice forms part of new…
Charities Register aims to improve transparency
An improved register of charities, which aims to improve public confidence by increasing transparency on how donations are spent, has been launched. The new style public register of charities was…
Extended business interruption loan scheme to provide vital funding for charities
Chancellor, Rishi Sunak, has confirmed that the Government has extended the Coronavirus Business Interruption Loan Scheme (CBILS) until 31 March 2021. Since March this year, nearly £53 billion Government-backed loans…
Charity Commission urges greater fraud awareness
The Charity Commission used its annual Fraud Awareness Week to urge charities to protect its hard-earned funds from scammers. The fraud awareness campaign was organised jointly by the Charity Commission…
Half of charities could run out of cash in the next year, research warns
A new study of 250 charities commissioned by the insurers Ecclesiastical and carried out by pollsters YouGov has indicated that half of UK charities expect to run out of reserves…
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…
