Charities

Tax / Cup Trust charity trustee accused of 'mismanagement and misconduct'

The Charity Commission has concluded a five-year investigation into The Cup Trust, a charity involved in a complex tax avoidance scheme worth £46m, having found ‘clear mismanagement and misconduct’ on the part of sole trustee Mountstar

Insight / Charity commission seeks applicants for interim managers

From 1 February to 31 March the Charity Commission is inviting practitioners to apply to have the chance of becoming an interim manager and is looking for individuals with a proven track record of implementing safeguarding policies and procedures, preferably within the broader charity sector

Insight / Interim managers appointed at animal charity

The Charity Commission has appointed interim managers to The Alternative Animal Sanctuary due to continued concerns about the governance and management of the charity

Insight / Regulator opens inquiry into charity’s funding transfers

The Charity Commission has opened a statutory inquiry into CAWRM Ltd, a charity known as Jerusalem Merit, after identifying a number of serious regulatory concerns about possible financial irregularities

Insight / Regulator investigates charity over lack of accounts

The Charity Commission has opened a statutory inquiry into Jalalabad Association to look into concerns over potential mismanagement in the administration of the charity, which has failed to submit accounts for four years

Insight / Regulator investigates charity for second time

The Charity Commission has opened a second statutory inquiry into The Mohiuddin Trust to look into concerns over potential misconduct and mismanagement, including continuing problems with poor financial controls identified in an earlier investigation

Insight / Interim manager for charity with governance failings

The Charity Commission has appointed an interim manager, Geoff Carton-Kelly, a partner with FRP Advisory, to Jole Rider Friends after it suspended trustees following continued concerns about the charity’s governance

Accounting / Charity review finds drop in reporting standards

A review by the Charity Commission of charity’s public reporting has shown a decrease in the number that meet the basic benchmark for audit quality, the first time that such reviews have found a ‘significant deterioration’

Audit / Charity Commission to take hard line over material reporting

Two auditors have been reported to their professional body in the wake of the Charity Commission’s follow-up report on auditors’ compliance with the requirements for reporting matters of material significance, with the regulator warning it may take similar action without prior warning in future

Tax / Charities: tax implications of charitable giving - part 10

James Hender, head of private wealth at Saffery Champness, explains what charitable donors need to know to make sure they get the most out of their donations, using Gift Aid to its full tax relief potential and contingent capital gains tax (CGT) liability for high earners

Insight / Charity Commission warning over CEO gift card scam

The Charities Commission has issued an alert to charity trustees, employees and volunteers about the growing risk of CEO fraud through Christmas gift cards

Insight / Dealing with work relationships

Christmas parties during the festive season are popular with most accountants and tax advisers, but do not let behaviour cross the line and consider whether relationships at work should be declared, says Simon Wright, managing director of CareersinAudit.com

Insight / CMA to push for pension management reform

The Competition and Markets Authority (CMA) has announced a range of reforms to the investment consultancy sector, following a market investigation undertaken at the request of the Financial Conduct Authority (FCA)

Tax / Charities: tax pros and cons of setting up a charity - part 9

Stephen Relf FCA CTA, lead tax writer at Croner-I, discusses the requirements and obligations of setting up a charity, and what useful tax reliefs are available to both a business and an individual

Insight / Charity Commission alert on think tanks

The Charity Commission has issued an alert to remind trustees of their legal obligations and duties in relation to think tanks which have charitable status, pointing out that these are generally established for educational purposes and the charity must be politically neutral
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