The Charity Commission, the regulator of charities in England and Wales, has published two new audio podcasts, designed to help charity trustees understand their duties under charity law. Over two podcasts, Neal Green Senior Policy Adviser at the Commission, and Steve Barnett, Head of Operational case work for the regulator in London, introduce Charity Commission … Continued
Budget 2014- Not for profit Summary
There was some good news for the Not for Profit sector with new grants for air ambulance charities to offset VAT on fuel and an extension to the range of charities that will be allocated funds raised from LIBOR fines, The rate of the new Social Investment Tax Relief has also been confirmed at 30%; … Continued
Budget 2014: HMRC outreach teams to help small charities benefit from gift aid
The government will encourage more donors to use gift aid and help ensure smaller charities are registered for the reliefs they are entitled to. Documents released as part of the latest Budget say this will include “targeted outreach work”, a simpler application process and work to understand donor behaviour. The Budget report also restates the … Continued
Budget 2014: £10m in Libor fines to be awarded to youth charities
Funding worth £10m made up from Libor fines will be awarded to charities and organisations who deliver social action opportunities, Chancellor George Osborne announced in the latest Budget. The fines, which originally were only to go to military charities, will be delivered through the Youth United Network, a network of voluntary youth organisations. The charity … Continued
Budget 2014: Treasury to review rules on benefits for charitable donors
The government will review the rules around the benefits charities can give to donors, the Treasury announced in the latest Budget document. Current rules mean that donors can only receive benefits worth 5 per cent of the value of their donation, or £2,500, whichever is lower, in exchange for a donation. A donor receives a … Continued
Budget 2014: Rate of social investment tax relief to be 30 per cent
The Chancellor of the Exchequer announced on the 19 March that the new social investment tax relief will be set at a 30 per cent rate, and will be worth £35m a year to social investors by 2018/19. The relief will offer an income tax rebate to those making unsecured investments in asset-locked bodies – charities, … Continued
Budget 2014: Charity-based tax avoidance schemes hit by new measures
Users of charity-based tax avoidance schemes such as the Cup Trust will in future have to pay any disputed tax upfront, following the introduction of measures announced by Chancellor George Osborne in this week’s Budget. “We will now require those who have signed up to disclose tax avoidance schemes to pay their taxes, like everyone … Continued
Free Student Research with Interchange: starting September 2014
Interchange is a registered charity, partnering with University of Liverpool to link Higher Education with local voluntary and community organisations (VCOs) for the purpose of research. They connect students in H.E who are looking for research or work based learning project opportunities and VCOs with research needs together. Interchange is looking for voluntary and community organisations … Continued
New £10m fund to help VCSEs become investment ready
Voluntary, Community and Social Enterprise organisations (VCSEs) at the start of their social investment journey can now register their interest in Big Potential, a new £10m fund that can help them become investment ready. The fund aims to improve the sustainability, capacity and scale of VCSE organisations so they can deliver greater social impact. Eligible VCSE organisations … Continued
Office for Civil Society plans £40m fund to support ‘financially vulnerable’ charities
The Office for Civil Society has won backing from the Treasury for a new fund, hoped to be worth around £40m, to help voluntary organisations which are in danger of closure. Specifically this fund is for those who deliver high-quality services, to better prepare for the longer term. The fund, which has not yet been … Continued