Looking for finance to grow your services and become more sustainable? Small community-led organisations based in the North West or South West of England can now apply for up to £30,000 from the new First Steps Enterprise Fund. The fund is offering loan-grant packages to charities and social enterprises working in these communities to help them … Continued
A third of charities’ annual accounts are of unacceptable quality
A third of charities’ annual accounts are of unacceptable quality and two-thirds of charities fail to formally report on the public benefit they provide in their annual reports, according to the Charity Commission. The regulator has today published two reports based on a random sample of 107 charities’ most recent annual accounts, covering the latest … Continued
Law Commission consults on 40 proposed changes to charity law
The Law Commission has proposed 40 changes to charity law and asked for views on a further 57 issues where it feels there may be a need for reform, in a consultation document released last week. The Technical Issues in Charity Law a Consultation Paper, produced in consultation with organisations across the sector, offers proposals … Continued
Free Student (Community) Research for Voluntary & Community Organisations
It is that that time of year when Interchange is looking for new project proposal ideas from VCOs and not-for-profit organisations within Greater Merseyside for our University of Liverpool Students for September 2015. Interchange is a registered charity based in the University of Liverpool that connects students in Higher Education with local Voluntary and Community … Continued
Charity audit threshold to double to £1m
Following a consultation period the government has said that it will go ahead with plans to double the audit threshold for most charities from £500,000 to £1m, making up to 4,000 charities exempt from audit requirements. The government said changes will come into effect on 31 March, 2015. In summary the changes will: increase the … Continued
Care and support – changes from 1 April 2015?
The Care Act introduces new responsibilities for local authorities. It also has major implications for adult care and support providers, people who use services, carers and advocates. From 1 April 2015 there will be: A new national standard for assessing care needs. More support for carers Changes to deferred payment agreements for care home costs. … Continued
Charity Commission launches tool for third parties to submit charity accounts
The Charity Commission has launched a digital service that allows a charity’s accountant or other nominated agent to submit accounts on behalf of their client charity once finalised. Filing online is a quick, easy process that enables a charity’s profile to be updated overnight. Charities must use the existing change your charity’s details service to … Continued
Cabinet Office consults on raising the audit threshold for charity accounts
The government has launched a consultation on raising the audit threshold for charity accounts from £500,000 to £1m a year. The Cabinet Office consultation, relates to the rules for charities in England and Wales. It says that the proposed changes would result in an estimated 3,800 charities becoming exempt from the requirement for a full … Continued
Charity Commission seeks views on a new version of guidance for charity trustees ‘The essential trustee’
The essential trustee is the Charity Commission’s guide to charity trustees’ responsibilities. The commission wants to make this guide as clear as possible and easier for trustees to use, to support them in complying with their duties. The commission wants your views on a new updated draft. The new draft follows recent commission guidance on … Continued
Independent report: Charities – strategy development, implementation and review
This review was carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) on behalf of the Charity Commission. There were 26 ICAEW members with experience in the sector matched to charities to carry out an expert review. Peter Taaffe, Managing Partner of BWMacfarlane, was one of the reviewers participating in the … Continued