Finance eNews August 2010
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2 August 2010
Greetings!

While we were all warned cuts would be hard felt across the board it is hard to know where civil society organisations stand as the government appears to give with one hand and take with the other. While David Cameron promises to collect all funds from dormant accounts into the new Big Society Bank, the Office for Civil Society announces £11m of spending cuts. Meanwhile the sector remains central to the financial resolution as the Cabinet Office asks for its help in reducing the deficit.

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Nick Hurd

Office for Civil Society to slash spending by £11m
 
The Office for Civil Society has announced that it will cut £11m from its 2010/11 budget.


Francis Maude

Government asks charities and social enterprises for ideas on reducing the deficit
 
The Cabinet Office is asking the voluntary, community and social enterprise sectors for innovative ideas on how to reduce the deficit.
David Cameron

Cameron to plough all unclaimed assets into Big Society Bank
 
Prime Minister David Cameron has promised that "every single penny of dormant accounts" will be used to fund the Big Society Bank.

Collaborations

Commissioners support mergers and collaborations
 
Research from Capacitybuilders shows the majority of public service commissioners would like to see more mergers and greater collaboration between organisations that provide support and advice to civil society groups.
Insurance

Insurance scheme for small local charities launched
 
Zurich Financial Services has teamed up with NAVCA to offer low cost insurance for local charities and community groups.

Ian Joseph

Opportunities up but pay drops for charity interims
 
The average pay of interim managers working in charities has fallen by 11 per cent over the last six months, according to the latest survey by Russam GMS.
Malcolm Hayday

Further growth in loans to sector by Triodos and Charity Bank
 
Two of civil society's most prominent retail lenders have seen excellent growth in the amounts they lent to organisations in the first six months of this year.
Age UK insurance

Age UK insurance under fire as couple suffer 600 per cent increase
 
An elderly couple has raised concerns over the Age UK insurance scheme which increased their travel insurance costs by 600 per cent following the Help the Aged and Age Concern merger.
Insolvent

Pension debts claim Scottish voluntary organisation victim
 
Moray Voluntary Service Organisation (MVSO), a Scottish support service for over 400 member voluntary organisations, is in liquidation due to a £60,000 pensions debt it cannot repay.
Schools

Large independent schools have less generous bursary policies than smaller ones, says report
 
Richer and higher-achieving independent schools are giving a smaller proportion of their income in bursaries than less affluent schools, according to a report by the Sutton Trust and Staffordshire University.

CEBF
 
 
 
 

Latest Features

Interest rates

Interest rates market outlook: August 2010
 
There's no let up for European debt concerns in this month's market outlook as Ian Buss guides us through his suggestions to stay afloat.

Investment

Common Investment Fund Prices: August 2010
 
Charity Finance reporter Vibeka Mair compiles a comprehensive guide to common investment prices from the past month.


Quango cull

The cull of the quangos
 
How will the 'Bonfire of the Quangos' affect the sector's own arm's-length bodies? Tania Mason examines the landscape.
 
 
 
 
Opinion

Andy Williamson

Cuts may prove to be a vital wake-up call to charities
 
Andy Williamson explores why the forthcoming cuts should be welcomed by the sector.

 
 
 
 
Blogs


How will charities defend pension shortfalls to supporters?

As Big Society plans attract attention to the voluntary sector, charities will endure further scrutiny on their finances - Vibeka Mair asks: how will they excuse potential pension deficits?

Big society blog: Quango quango

Gordon Hunter reveals the vastness of the quango pot as he asks: what could you do with the money at grassroots level?




Big Society - big deal!

New blogger Gordon Hunter is dismayed by all the fuss over the Big Society

How to mount a defence against a tabloid press obsessed with high pay

Pay is the new expenses. Tania Mason offers three key messages charities could use when the media puts the sector in the spotlight in its campaign against high pay

Whos Moving
Events

VAT & Tax Conference

VAT & Tax Conference
18 October 2010

Charity Finance Live

Charity Finance Live

18 October 2010

Jobs

Location: London
Organisation: Civil Society Media

Shop

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Representing fantastic value for money, the Charity Finance Bundle comprises a one-year subscription to Charity Finance magazine, a copy of the Charity Finance Yearbook 2010 and a copy of the Accounts Compliance Checklist 2010

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This offer also entitles you to receive online access to civilsociety.co.uk giving you access to Finance, Fundraising, Governance and IT content for the course of your subscription.




Training
 
 Training courses for trustees 

 
Attending our one-day courses is a highly effective way of ensuring new and existing trustees fully understand their roles, responsibilities and liabilities.
 
2010 course dates available now

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Civil Society eNews Contacts

Tania Mason, editor, 020 7819 1214,
tania.mason@civilsociety.co.uk

Phil Bishop, online advertising, 020 7819 1215,
phil.bishop@civilsociety.co.uk

Niki May Young, website editor, 02078191206,
nikimay.young@civilsociety.co.uk