Chancellor Philip Hammond gave his first and, it turns out, last Autumn Statement on 23rd November. This news item attempts to round up material of particular relevance for the voluntary sector.
Firstly, the full Autumn Statement plus supporting and related documents can be found on the government website.
New Budget timetable: The government is to move to “a single major fiscal event each year” – following the spring 2017 Budget and Finance Bill, Budgets will be delivered in the autumn, with the first one taking place in autumn 2017. » Continue reading news item ... “Autumn Statement and the voluntary sector”
A “regulatory alert” on fundraising rules which came into force on 1st November has been issued by the Charity Commission. The rules cover additional information on fundraising to appear in trustees’ annual reports (where the charity has to produce audited accounts), as well as the agreements that must be in place when using professional fundraisers or other commercial bodies to raise money.
The alert news item outlines the new requirements and links to a ‘FAQ’ page from the Fundraising Regulator, which was developed jointly with the Commission. » Continue reading news item ... “More on the new fundraising rules”
Accountancy software designed specifically for the not-for-profit sector has been launched by the Sage Foundation. Sage Live Non-profit is built on the Salesforce App Cloud and is available on the Salesforce AppExchange.
Eligible charities can get two Sage Live user licenses donated through the foundation, with further licenses at half price.
Sage has said it aims to “give non-profits access to cloud technology and tools tailored to their needs” including balance sheet, statement of financial activities (SoFA) reporting, general processing and fund management capabilities.
» Continue reading news item ... “Sage cloud accounting tailored for non-profits, including reduced cost”
The Charity Commission is consulting on proposed updates to its guidance for charities ‘What to do if something goes wrong: reporting serious incidents’. The guidance
aims to help charities identify what to report and when. Listing the most common types of incidents, the guidance explains what should be reported to the Commission (as well as to the police and other regulators). New checklists and a table of examples of what, and what not, to report to the Commission are included.
» Continue reading news item ... “Charity Commission updates guidance on serious incidents, launches anti-fraud resource”
All of the 2000 or so charities that will be subject to the Fundraising Regulator’s levy should have received a letter about the charge, addressed to the CEO. This is due to be followed by an invoice, with the exact payment requirements.
The levy applies to charities in England and Wales that spend £100,000 or more each year on fundraising activity, and will be charged on the basis of the annual return to the Charity Commission made by charities for the year ended 31st December 2014. » Continue reading news item ... “Charities notified of Fundraising Regulator levy”
The Scottish Government has set up a review of business rates in Scotland, to see how it could be improved to encourage long term investment and growth.
As SCVO says in its article, rate relief is very important for the third sector and this review will cover all non-domestic rates in Scotland, which includes charity rate relief. SCVO is encouraging voluntary organisations to respond, particularly those that benefit from the relief – read the SCVO piece for more background. » Continue reading news item ... “Scotland review of business rates, including charity reliefs”