Charities News

Charity Annual Return 2017 - June 22, 2017
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I am just dropping you a quick line to highlight the fact that the Charity Commission website is not yet able to accept Annual Returns for your financial year ended on or after 1 January 2017. To clarify, you will not be able to submit your 2017 annual return until August 2017. This is frustrating … Continue reading Charity Annual Return 2017


New accounting templates aim to help smaller charities ‘get it right first time’ - April 25, 2017
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The Charity Commission has launched an accounts templates pack aimed at helping small charitable companies to prepare their accounts. The new templates have been produced as a result of a close working partnership with Companies House and the Charity Commission to ensure that the templates reflect the regulatory requirements, current guidance and best practice. Smaller … Continue reading New accounting templates aim to help smaller charities ‘get it right first time’


Bankrupt charity’s head of finance admits £1.3 million fraud - April 25, 2017
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A former finance chief has pleaded guilty to fraud worth £1.3 million, which directly led to the financial collapse of a homeless charity. Robert Mark Davies the ex-head of finance at Swansea-based Cyrenians Cymru entered a guilty plea at Cardiff Crown Court this month, (April 2017) following his arrest back in December 2014 for ‘fraud … Continue reading Bankrupt charity’s head of finance admits £1.3 million fraud


Charity Commission attempts to help trustees understand their financial responsibilities - April 25, 2017
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The Charity Commission has updated its financial guidance, which aims to ensure that trustees understand their financial responsibilities when running a charity. The new guidelines – Charity finances: trustee essentials (CC25) – are part of the Commission’s campaign to ensure trustees are able to properly protect their charity’s assets and resources. Paula Sussex, Chief Executive … Continue reading Charity Commission attempts to help trustees understand their financial responsibilities


FSI warns ‘ceiling of giving’ is reached - April 25, 2017
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The Foundation for Social Improvement (FSI) has warned that charity income may be flat-lining as a “ceiling of giving” is reached. A new report by the FSI, entitled ‘Taking the Pulse of the Small Charity Sector’, reveals that 82 per cent of small charities reported that their statutory income levels remained unchanged in the three … Continue reading FSI warns ‘ceiling of giving’ is reached


New funds aimed at encouraging volunteers - March 27, 2017
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A new £2 million fund is to be made available to help fund volunteer programmes which benefit early years development and money management skills. Independent charity, Nesta, which encourages innovation within the UK, has joined forces with the Civil Society to launch the two new funds, which are aimed at helping existing volunteer-led programmes to … Continue reading New funds aimed at encouraging volunteers


Charities warned to be aware of new fundraising rules - March 27, 2017
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The Charity Commission has issued an alert to highlight changes to the new Charities Act fundraising rules, which came into force in November 2016. The new rules particularly affect: Agreements which must be adhered to when third‑party fundraisers raise money for charities Trustees’ annual reports of larger charities that fundraise from the public The Charity … Continue reading Charities warned to be aware of new fundraising rules


Call for Chancellor to fund Charity Commission from the public purse - March 27, 2017
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Chancellor Philip Hammond is being urged to fund the Charity Commission from general taxation, rather than the proposed levy system. Debra Allcock Tyler, Chief Executive or the Directory of Social Change, has written to the Chancellor to outline the reasons why charities should not be made to pay a fee to fund their own regulation. … Continue reading Call for Chancellor to fund Charity Commission from the public purse


New HMRC reporting obligation for charities - March 27, 2017
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Charities which provide grants and receive more than half of their income from financial investments in any year, are being advised of the need to inform HM Revenue and Customs (HMRC). The Charity Commission has warned charities that income from financial investments, together with investments managed in whole or in part by a broker, fund … Continue reading New HMRC reporting obligation for charities


Are you prepared for filing your annual returns? - January 25, 2017
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The Charity Commission has warned that many charities are running out of time to sort out their annual returns or accounts. A snapshot on Friday 13 January, revealed that 3,584 charities with a last reported income over £250,000 and a financial year ending 31 March 2016 had not filed their accounts or annual return – … Continue reading Are you prepared for filing your annual returns?


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