Charities

Accounting / Overhaul of charity SORP committee sees change of membership

There is to be a major overhaul of the way the charity accounting rules under the Charity SORP framework are developed with a new, smaller SORP committee, following a highly critical government review

Accounting / Charity Commission updates rules on trustee transparency

As the annual return deadline approaches, the Charity Commission is warning charities to ensure that they are up to speed with the latest transparency rules on trustees before filing accounts

Insight / Seven charities investigated over accounting discrepancies

The Charity Commission is to investigate seven charities linked by two common trustees and common registered contact details, amid serious concerns over possible accounting discrepancies

Audit / Charity regulator criticises quality of audited charity accounts

Only half of charity accounts reviewed by the Charity Commission met the regulator’s external scrutiny benchmark with auditors and independent examiners failing to identify significant failings in charity accounts

Insight / Regulator finds trustee misconduct at educational charity

Charity Commission regulatory intervention has seen the reopening of a London school which was sold and shut by a trustee, who was responsible for serious misconduct and governance failings

Audit / Harper: auditors must help charities manage risk

Charity auditors are well placed to help not-for-profit organisations manage the myriad risks they face, not just financially but also around governance, safeguarding and regulation, argues Steve Harper, charities director at Haysmacintyre

Insight / Chartered accountants offered online mental health support

The Chartered Accountants Benevolent Association (CABA) has signed up with digital mental health specialist XenZone to provide an online counselling and wellbeing support service for ICAEW students, members and their close families

Insight / Interim manager at religious charity with ‘significant losses’

The Charity Commission has appointed an interim manager to Mountain of Fire and Miracles Ministries International, after the regulator identified ongoing governance issues at the charity

Insight / Charity fraud losses touch £8m

Charities are being warned about the dangers of fraud after new figures show that reported losses reached almost £8m in 2018/19, with poor employee training identified as a contributing factor

Insight / Crackdown on abuse of non-disclosure agreements

The government is planning to introduce tougher rules to tackle abuse of non-disclosure agreements (NDAs) and confidentiality clauses in the workplace

Insight / BEIS tackles ‘one-sided’ flexible working

The government is to consult on proposed  measures to improve employment conditions for flexible workers, including compensation for short-notice cancellations, as part of the government’s Good Work Plan

Insight / Regulator investigates refugee charity over use of funds

The Charity Commission has opened a statutory inquiry into a charitable fund for Rohingya refugees, which never registered as a charity, after concerns about how it was operating, and whether trustees had put charitable funds at risk

Insight / Funds loss sees interim managers appointed at health charity

The Charity Commission has appointed interim managers to Island Health Trust amid concerns about how funds were managed by former trustees

Insight / Regulator probes Sheffield educational charity’s finances

The Charity Commission has opened a statutory inquiry into educational charity Avicenna Global due to concerns over potential misconduct and mismanagement at the Sheffield-based charity

Insight / Regulator scrutinises charities in £10m money laundering scam

The Charity Commission has revealed it is undertaking a class statutory inquiry into London-based charities alleged to be involved in a scheme to launder £10m from the sale of counterfeit erectile dysfunction and slimming pills
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