Charities

Insight / Charity ex-trustees disqualified over financial mismanagement

Two former trustees, one of whom was an accountant, have been disqualified following a joint agency investigation and a Charity Commission inquiry which found serious misconduct and mismanagement in the charities they were running

Insight / Regulator investigates Islamic independent school charity

The Charity Commission has opened a statutory inquiry into Darul Uloom School, based in London, over concerns about potential misconduct and mismanagement at the charity, which has been the subject of investigations by the police and the Department for Education

Insight / Regulator lambasts Presidents Club charity trustees over reputational risks

The Charity Commission has heavily criticised the trustees of the Presidents Club Charitable Trust, which hit the headlines over incidents of harassment at a fundraising dinner, with a report citing ‘significant failures’ which meant they were in breach of a number of their key trustee duties

Insight / Financial transparency critical to build trust in charities

The public now trust charities less than they trust the average person in the street according to research from the Charity Commission, which suggests that being transparent about where the money goes is the most important factor in building trustworthiness

Tax / FB 2018-19: Gift Aid rules for donors simplified to help charities

The government is going ahead with rules to support charities with a Gift Aid measure to simplify the donor benefits rules, due to come into force from April 2019, pending approval of draft Finance Bill 2018-19 

Accounting / NI and Ireland to join 2019 Charity SORP standard setting body

The Charity Commission plans to start working on a new Charity SORP next year and will involve representatives from regulators from Northern Ireland and Republic of Ireland for the first time

Accounting / Charity Commission moves to online real time updates

The Charity Commission is developing its current service to allow charities to update information such as details of trustees in real time using its online service, with the aim of going live later this summer, at the same time as the 2018 annual return

Accounting / Charity annual returns to report international funding sources

The Charity Commission is making changes to the charity annual return 2018 to improve transparency about overseas funding sources and revenue from non-UK donors

Insight / Gig economy lights fuse on pensions time bomb

Only a third of the self-employed UK workforce are paying into a pension despite the majority being deeply concerned about their ability to cope financially after retirement

Insight / Commission investigates charity over poor financial controls

The Charity Commission has opened a statutory inquiry into Asthan Babe Ke Trust, following serious regulatory concerns that the charity has not been properly managed by its trustees, as a result of an internal dispute, who may not have sufficient oversight of its funds

Insight / Commission investigates £6.5m charity

The Charity Commission has opened a statutory inquiry into Combined Funds Ltd and frozen the charity’s bank accounts, in response to what it calls ‘serious regulatory concerns’ about its governance and administration

Accounting / Warning over delay to updating charity accounting regulations

Four accountancy professional bodies are calling for the government to address delays in updating charity accounting regulations, which they say are causing ‘unnecessary and confusing’ complications because they are not in line with FRS 102

Insight / Companies House…be part of our transformation

With a major transformation programme underway at Companies House we are keen to engage with stakeholders and users to gather feedback on our products, systems and services

Insight / Commission investigates potential losses at London charity

The Charity Commission has opened a statutory inquiry into Mountain of Fire and Miracles Ministries International over concerns about possible losses, after the charity repeatedly failed to file financial information on time and two sets of accounts were qualified by its auditors

Insight / Data Protection Act 2018 enacts GDPR rules

The government has passed the Data Protection Act 2018, which ushers in major changes in the way companies handle and process personal data, under the General Data Protection Regulation (GDPR) effective 25 May
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