MHA | Not for Profit eNews – July 2021

Not for Profit eNews – July 2021

Posted on: July 12th 2021 · read

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NfP eNews - July 2021 

In this month’s edition, we will review the impact of The Charities Bill, announced as part of the Queens Speech 11th May 2021. The bill contains some key amendments to charity law, and we will take an overview of the practical difference this will make to charity governance.

The Fundraising Regulator has stated that they are planning to build a self-reporting function for fundraising incidents. This comes as a finding resulting from their Annual Complaints Report. We will look at the potential benefits of this service for organisations involved in fundraising.

The Government has opened a 6-week consultation on “Restoring trust in audit and corporate governance”, aiming to improve audit and corporate governance systems. The document raises the question of whether larger charities should be regarded as Public Interest Entities, we will take a brief look at the implications this might have for the sector.

The Charity Commission has engaged in an iterative process of improvement since launching the new version of the online Register of Charities in September 2020. This edition of the Not-for-Profit eNews will conclude with a breakdown of the enhancements made to the Register of Charities and benefits it holds for entities in our sector.

Finally, we include some other considerations for the charity sector including the importance of insurance at fundraising events, HMRC’s accelerated process for changes to partial exemption methods as well as updates on gift aid.

Download a copy of our latest newsletter using the link below or if you have any questions, please do not hesitate to contact Stuart Mckay.

If you have any questions about the topics raised in this issue or would like to discuss your accounting and business advisory needs with one of our sector specialists, please contact Stuart Mckay, Not for Profit Partner directly or send us an online enquiry.