Thirty jobs to go at NCVO

29 November 2010

Greetings!

Umbrella bodies are in the news this week: NCVO is restructuring to cope with the forthcoming loss of income from the closure of the Office for Civil Society's strategic partner programme, while NCVYS has set up its own version of 3SC to bid for public service contracts in the children's sector. There's also an innovative new bond scheme from fashion social enterprise Pants to Poverty.

Some 30 NCVO staff are expected to lose their jobs as the organisation announces a consultation on its post-spending review restructure.

NCVYS launches contract bidding collective for youth sector

The National Council for Voluntary Youth Services has created a community interest company which will bid for public service contracts on behalf of collectives of its members.

VAT blow for charities with staff on joint contracts

Charities that have staff on joint contracts with an external supplier may have to pay more VAT following a recent VAT tribunal decision.

New 'Pants Bond' pays quarterly interest in fairtrade undies

Pants to Poverty, the ethical fashion social enterprise, is to launch a new bond that aims to raise £250,000 to fund its working capital requirements for the foreseeable future.

Triodos' social lending passes £300m

Triodos Bank has announced that its UK lending has passed £300m, making it larger than the rest of the social finance market put together.

Elizabeth Finn Care to manage £12m of local Scottish trusts

Poverty relief charity Elizabeth Finn Care is taking over the management of 38 local trusts with a total value of around £12m, from the City of Edinburgh Council.

In other news...

Bank of Cyprus launches new charity bonds

The Bank of Cyprus has launched a series of bonds specifically designed for the charity sector.

GuideStar administrator publishes details of sums owed

The Directory of Social Change is out of pocket by £267,028 over the GuideStar deal but is likely to recover at least £48,000 from the sale of the assets.

New waterways charity could have 15-year funding deal with government

The new charity to be created to administer the UK's waterways should have a completely new governance model "with localism at its core", the waterways minister has announced.

Charities Property Fund buys two, sells two

The Charities Property Fund has bought two industrial units for a combined £12.3m and sold two other assets for £15.2m.

Labour accuses government of favouritism in charity funding

Shadow minister for the Cabinet Office Liam Byrne has accused the government of favouring charities with links to the Conservative Party when giving out funding.

Charity with £1.5m pension deficit partially saved

Home care services provided by Age Concern Barking & Dagenham, which went into administration earlier this year with a £1.5m pension deficit, have been saved by the neighbouring Age Concern Havering.

Features

Surviving spending cuts: the American way

David Shaw examines a new organisational model from the US that could work just as well here.

Legal rights of volunteers

Volunteers are protected by law just like employees says Martyn Turner.

Technical briefing

Auto enrolment for pensions - who pays?

Clive Fathers explains why even new pension legislation puts charities at a distinct disadvantage compared to companies.

Events

Charity Investment Forum 2011
7-8 March 2011

Shop

Charity Finance magazine
Subscribe from £97 | BUY NOW

Charity Finance is an invaluable tool that will help you stay informed not just about key finance, tax and accounting developments, but also wider issues like public service delivery, social enterprise and public benefit as well as the latest technical and legislative information.

Did you know...

The Charity Commission received reports of £21m worth of fraud and theft in 2009/2010. This represents 3.9 per cent of the entire charity sector income of £53.4bn.

(Source: Charity Commission: Charities Back on Track report)

@CSFinance

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