Charities

Hundreds of millions of pounds of dormant assets will be “unlocked” to support charities throughout the coronavirus pandemic, it has been announced. According to the Government, some £800 million could be made available by releasing cash from unclaimed accounts across the insurance and pensions, investment, wealth management, and securities sectors. Read more…

Charity grant makers have called for the simplification of financial reporting for small charities ahead of the introduction of the new Charities Statement of recommended practice (SORP). The findings form part of the Survey of Charitable Funders’ Views of Accounts prepared under the Charities SORP, published as part of the Read more…

Towards the end of 2020, the Chancellor announced the furlough scheme’s extension until 30 April 2021, which will continue to contribute 80 per cent towards employees’ wages. Despite some similarities to the initial scheme in March 2020, this time around the Coronavirus Job Retention Scheme (CJRS) has further restrictions on Read more…

The number of not-for-profit organisations reporting a pensions deficit is rising rapidly, a major study has revealed. The report, published by the Charity Commission, shows that pensions pose just as much financial risk to charities as they do the private sector. According to the figures, the number of charities reporting Read more…