Affinity Deals: What do you need to know?

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February 5, 2016 at 13:57

Yesterday saw a story on the front page The Sun about an affinity deal between Age UK and E.on. While this blog post doesn’t focus on the details of this story, it has raised some issues that charities need to be aware of . I seek to explain affinity deals and what charities need to consider when deciding whether to enter these arrangements.

Lessons to take away from Kids Company report

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February 1, 2016 at 11:34

The Public Administration and Constitutional Affairs Committee (PACAC) report on the failure of Kids Company has been released. The report has a number of lessons that the charity sector needs to learn, this blog post outlines some of the main points that we should take away from a finance perspective.

What’s in local government’s Christmas stocking?

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December 17, 2015 at 16:56

It’s Christmas and the Secretary of State for Communities and Local Government has unveiled the government’s provisional Local Government Finance Settlement for 2016-17. The Local Government Finance Settlement is effectively a ‘Local Government Budget’ for the year and its provisional nature means it is open for consultation. Overall, this year’s stocking was filled with a combination of lumps of coals and a couple of potentially tasty oranges (ho, ho, ho). Here are the headlines that charities need to know.

What does the economic data mean for charities?

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November 26, 2015 at 11:09

The Spending Review gets all the attention, but the most important document in many ways is the Economic and Fiscal Outlook by the Office of Budget Responsibility. This sets out the framework that the Chancellor is able to make his decisions and tells us a lot about the impact of the choices that he has made. The full document is nearly 250 pages – but we at CFG have gone through it for you to pull out the key statistics that will impact on the sector.

Banking and Payment Systems: Invisible Enables for Charities

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November 24, 2015 at 14:35

Charity Finance Group has launched a sector-wide consultation on banking and payment systems. But why are we doing this and how can you help?

Just one thing, Sir John…

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November 18, 2015 at 15:32

Last week I was delighted to attend NCVO’s Annual Hinton Lecture which saw an excellent speech from former Prime Minister, Sir John Major. Sir John touched on a number of subjects, far too many to consider in one blog post, and you can read the speech here or listen to it here. However one thing that struck me was Sir John’s answer in the Q&A after the speech around the need for investment in preventative services but that the public sector could not be expected to provide this in the coming years.

New Gift Aid Declaration: What do you need to know?

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October 22, 2015 at 16:03

HMRC has today published a new Gift Aid Declaration which all charities that claim Gift Aid will need to be using by the 6th April 2016. So what do you need to know and, more importantly, what do you need to do?

Tackling some myths on the Spending Review

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September 10, 2015 at 17:21

If you listen very carefully when you walk down Whitehall you’ll hear the grumblings and table thumping of officials as they prepare for the Spending Review due to be announced on the 25th November 2015. The Spending Review is very much akin to a ‘super’ Autumn Statement, it is a review of all public spending to ensure that it meets the government’s priorities in an efficient and cost-effective way over this Parliament. Despite government spending cuts, the voluntary sector received £13.3bn in income from government grants and contracts (local, national and international). So this is going to be an incredibly […]

The time for ‘rational optimism’ – A response to Matt Ridley

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August 19, 2015 at 10:19

Another week and another article from a national newspaper calling for a ‘radical’ rethink about the charity sector (or a ‘radical cleansing’) as Viscount Ridley put it. It’s certainly been a tough few months for charities which have seen considerable scrutiny about how they operate. Although it can be uncomfortable at times, we should always welcome public debate into how charities work and the activities that they undertake. However, while we should welcome scrutiny, we should not be afraid to combat misconceptions about the sector. Public understanding and trust in charities will not be enhanced if we do not correct […]

Public benefit is at the core of both charities and the tax system

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August 13, 2015 at 09:45

Some of you may have read a recent column in the Financial Times by its Money Week Editor, Merryn Somerset Webb entitled “Charity should not begin with a tax break (£)”. As a sector we are used to having to defend our privileged status, and we should never forget that it is a privilege, in the tax system. Most readers will remember the NCVO & CAF campaign “Give it back, George” that successfully got the last Coalition government to exclude charitable donations from a cap on personal tax reliefs. Only last year, we had to defend attempts to redefine a […]