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13 December 2010
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The Charity Commission seeks to clear the sector's murky understanding of social investment regulations this week while hopes of a £1.5bn cash injection for the Big Society Bank from its commercial counterparts look set to fade to nothing as banking talks end in disagreement. Things aren't much clearer on the VAT front either as the Treasury admits it's impossible to predict what effect the rise to 20 per cent will have on the sector come the new year.
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Social returns are ok, says Commission's new investment guidance

 

The Charity Commission has produced new guidance clarifying that it is amenable to allowing charities to choose investments that provide social as well as purely financial benefits.
Big Society Bank

£1.5bn Big Society Bank fund hangs in balance as banking talks fail

 

Secret talks between a number of the UK's major banks, which are said to include plans to provide £1.5bn to the Big Society Bank, have broken down, the Sunday Telegraph has reported.
David Gauke

Effect of VAT rise on charities impossible to compute, says Treasury

 

The government has said it is not possible to accurately assess the amount that the charitable sector will lose as a result of VAT rising to 20 per cent in January.

GAM
HMRC

End to troublesome substantial donor rules in sight

 

The government has finally put forward legislation to replace the controversial substantial donor rules, bringing to an end four years of lobbying from charities.
Helen Donoghue

VAT recovery clause for academy schools raises charity hopes

 

The Charity Tax Group is to renew its call for charities to be able to reclaim irrecoverable VAT after a provision allowing academy schools to do so was included in the draft Finance Bill 2011.
Pensions

55 per cent tax on pension fund legacy donations scrapped

 

The Charity Finance Directors' Group has claimed victory in persuading the government to scrap plans for a 55 per cent tax on pension fund legacy donations.

Charity Awards 2011
In other news...


Don't dismiss Big Society due to cuts, says Curley

Kevin Curley has moved to distance himself from those in the Community Sector Coalition who have criticised the Big Society, saying that Navca members would take the best elements and resist the worst.

CFDG and NCVO join Compact Voice in lobbying Cabinet Office over Modernising Commissioning paper

The Charity Finance Directors' Group and National Council for Voluntary Organisations  have accused the Cabinet Office of paying "lip service" to the Compact in its new consultation on commissioning which gives the sector less than a month to respond.

Allia launches first online charitable bond

Charitable bond issuer Allia has launched the first of its new online pooled fund bonds.

Commission considers partnerships and cutting support to small charities in radical steps to balance cuts

The Charity Commission is considering if it will continue to support small charities and whether it should partner with other sector organisations as part of radical changes needed to manage its 33 per cent funding cut, an audience of sector figures has  heard.

Acevo guide advises on how to manage CEO salary queries

Acevo has produced a briefing for chief executives on how to respond to press enquiries about their salary levels.

Charity Bank beats high street banks to financial innovation gong

Charity Bank has won the Institute for Financial Services' award for outstanding innovation, beating off competition from major high street banks including HSBC, RBS, Barclays and Lloyds TSB.

Linkedin
Feature


Tools

Tools of the trade: Impact measuring

 

Vibeka Mair reviews some of the tools available to help charities demonstrate impact. 

Survey


Andrew Hind

Complete the Charity Pay Ratio Survey

 

In response to debate around the introduction of a 'pay ratio' for public sector organisations, Charity Finance guest editor Andrew Hind issues his request for help researching the situation in the charity sector.
Blog


Snow drift

Snow, charity and pension deficits

 

Not even being stuck in a snow drift can stop David Davison from thinking of the pensions question - in fact, it provides inspiration.

Lloyds TSB
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They said it...

"76 per cent of the sector has an income of less than £100,000. They are tiny, vulnerable, entirely volunteer-led organisations and I think it's because of that that we have historically put a lot of emphasis on support and advice that sits alongside the more regulatory aspects such as compliance, but we are beginning to question that."


(Source: Dame Suzi Leather on the review of the Charity Commission)


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