Spring Statement 2018: What should charities be looking out for?

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March 13, 2018 at 11:47

Today the Chancellor stands up to deliver his Spring Statement. Didn’t this use to be Budget Day I hear you ask? Yes, it did. But now we have one fiscal event a year, in the Autumn (well November/December time) where major tax decisions are made. This Spring Statement will be more focused on the economy and the overall performance of the UK. It might also include the announcement of some consultations in the run up to the Autumn Budget.

Review: Wolves in Sheep’s Clothing Report – Extremism in Charities

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March 1, 2018 at 11:33

Yesterday the Henry Jackson Society through its Centre for the Response to Radicalisation and Terrorism released a report on “How Islamist Extremists exploit the UK Charitable Sector.” The report received coverage in The Times, The Sun and our own sector media. It is important to state at the outset that we should all oppose terrorists and extremists that try to abuse charities to achieve their goals. However, this report makes some sweeping generalisations and allegations that tarnish the whole sector and it is important to consider these.

Does your charity follow serious incident reporting guidelines?

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February 12, 2018 at 11:02

Recent coverage about the activities of charities in terms of safeguarding and misspending of funds have brought into focus the regime for charities to report serious incidents to the Charity Commission. The guidance was updated only last year, so you might not have had a chance to read it – given recent scrutiny, now is a good time to get on top of the serious incident reporting regime.

Charity finance professionals need to be aware of new automatic disqualification rules

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February 2, 2018 at 13:54

From 1st August 2018, chief finance officers, finance directors, finance managers and other similar roles in charities may face automatic disqualification from serving in these positions if they have committed certain criminal offences.

How big a threat is property to your charity?

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January 24, 2018 at 17:31

According to the last Ethical Property Foundation Charity Property Matters Survey 2016, 45% of respondents said that property was the biggest threat to their organisation.

Money is not the issue when it comes to charging for Charity Commission

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January 23, 2018 at 08:30

The government should be congratulated on its decision to increase the Charity Commission’s funding by £5m per year (a 20% increase) over the near future, whilst it considers what it is going to do next. The departing Chair of the Charity Commission, William Shawcross, also deserves credit for getting the government to puts his money where his mouth is. However, this puts into sharp context the rhetoric that has been deployed over several years that the Charity Commission has to be paid for by charities, because of the pressures on the public finances. In the years following austerity, it has […]

Will new Gift Aid Donor Benefit rules make it simpler for small charities?

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November 28, 2017 at 15:55

In the midst of all the noise around the Budget, a significant change to the Gift Aid rules has been proposed. The proposal appears straight forward on the face of it with the three threshold limits for what can be given as a “thank you” to donors being cut down to two. The current limit of a thank you being worth only 25% of the total value of the donation for the first £100 will remain. But for donations over £100 – charities will be able to give 5% for the part of the donation that exceeds £100. This is […]

What do the latest Budget 2017 economic numbers mean for charities?

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November 23, 2017 at 09:10

The Budget is out, the CFG Budget Briefing for charities is available to download from our website, the dust appears to have settled pretty quickly on this Budget. But what does the wider economic picture mean for charities?

Investing in financial governance is one of the most cost effective ways to help your charity

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November 17, 2017 at 10:15

As we come to the end of Trustees Week 2017, Charity Finance Group has had a busy week. Yesterday, one of our Member Meetings was focused on how to improve governance and explaining the new Charity Governance Code. At the start of the week we launched the findings of a survey that we carried out with MHA MacIntyre Hudson into financial governance. Today, we launch a new free guide for trustees of charities on finance issues, sponsored by MHA MacIntyre Hudson, alongside a glossary of key charity finance terms.

What should charities expect from the Autumn Budget 2017?

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November 17, 2017 at 09:43

It’s that time of the year again when the newspapers are full of gossip about potential giveaways or shocking tax changes which are going to cost eye-watering sums of money. Over recent years, charities have got used to Budgets being “missed opportunities” and passing by without much of an impact. But we cannot be complacent as charities. Tax reliefs for charities are worth billions every year and over 1/3 of our income comes from government. Simply put, what the Chancellor says matters. So what we can expect from the Autumn Budget?