Charity News

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Charities Lose Millions to Fraud and Cybercrime Since March

Charities Lose Millions to Fraud and Cybercrime Since March

Since March charities have lost an estimated £3.6 million due to fraud and cybercrime. The Charity Commission has stated that the actual figure is likely to be far higher due to fraud and cybercrime being notoriously hard to detect and report by their very nature. It...

Further Funding Available for Charities

Further Funding Available for Charities

Further Funding Available for CharitiesRegistered charities will be able to apply for a grant of between £500 and £20,000 if they meet certain criteria. The grant will be funded by the People’s Postcode Lottery, applications opened on 4 August and will close on 19...

Watchdog Finds Failures in Management at RMIB

Watchdog Finds Failures in Management at RMIB

Watchdog Finds Failures in Management at RMIB An investigation conducted by the Charity Commission discovered that serious mismanagement at the Royal National Institute of Blind People exposed some children in the charity’s care to undue risk. An official inquiry into...

Independent Age Launch £2m Fund for Smaller Charities

Independent Age Launch £2m Fund for Smaller Charities

Independent Age Launch £2m Fund for Smaller Charities Independent Age is inviting small charities that work with older people to apply for a share of a £2m fund. The aim is to support charities that will make a difference to older people. This national charity is...

Charity Commission Updated Guidance

Charity Commission Updated Guidance

Charity Commission Updated Guidance The Charity Commission has updated its guidance on how to report serious incidents during the coronavirus pandemic. The Charity Commission has outlined in this report that it is still vitally important to report serious incidents to...

Can Charities Claim Under the Small Business Grant Fund?

Can Charities Claim Under the Small Business Grant Fund?

Can Charities Claim Under the Small Business Grant Fund? The Small Business Grant fund is aimed at businesses with ongoing fixed property-related costs and is primarily based on the rateable value of a property. The problem for charities is that many are already...

Chancellor announces coronavirus aid for frontline charities

Chancellor announces coronavirus aid for frontline charities

Chancellor announces coronavirus aid for frontline charities A Government funding package of £750 million to help charities was announced by Chancellor Rishi Sunak on 8 April. This package has been put in place with some charities facing possible collapse due to...

Coronavirus Guidance Update for Charities

Coronavirus Guidance Update for Charities

Charity COVID-19 Update At this moment in time many charities will be understandably concerned about what the COVID-19 outbreak means for them. The government want to assure charities that they will be as flexible and pragmatic as possible during the coronavirus...

Tax Rates 2020/21

Tax Rates 2020/21

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...

Hawsons are here to help COVID-19

Hawsons are here to help COVID-19

During this difficult time Hawsons are here to help and support their clients as best they can The Government has announced new measures to help businesses through this difficult time. The first being the tax helpline to support businesses affected by coronavirus. If...

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households

Bank of England Update for Businesses and Households During this difficult time for businesses and households, the Bank of England has put together a list of sites where you can find the latest updates from the Government. The following has been circulated by the bank...

Fundraising regulator publishes new guidance

Fundraising regulator publishes new guidance

Fundraising regulator publishes new guidance  On the 15th of January the fundraising regulator released new guidance to help charities with fundraising reporting requirements. This is because a recent analysis of 106 charity annual reports filed with the fundraising...

Charity Commission investigates after Accountants Report

Charity Commission investigates after Accountants Report

Charity Commission investigates after Accountants Report Yet another Charity has hit the headlines for alleged mismanagement. This time a Devon based charity has been reported by their accountant to the Charity Commission following an Independent Examination for...

What does charity finance have in store for 2020?

What does charity finance have in store for 2020?

What does charity finance have in store for 2020? Like most sectors across the UK, the charity sector is going to face a variety of challenges in 2020. At this moment in time a large majority of the problems are arising on the financial side. However, it’s not just a...

Charities and VAT

Charities and VAT

CHARITIES AND VAT It is wrong to assume that Charities get special VAT treatment, however, they do benefit from VAT relief on the purchase of some goods and services. They can also get a VAT exemption on income from fundraising events as long as certain conditions are...

Hawsons makes history after 165 years in business

Hawsons Chartered Accountants is 165 years old Hawsons Chartered Accountants was founded in the city of Sheffield in 1854 – more than 25 years before the creation of the Institute of Chartered Accountants in England and Wales – by Alfred Allott and John Hewett....

The Election Result: What are the tax implications?

The Election Result: What are the tax implications?

Tax implications of the Election Result The general election has ended and the Conservatives have secured a large majority winning 365 seats. What does this mean for tax?  How will the election result affect you or your business? Tax expert Craig Walker provides a...

Charity Tax group launch national survey on VAT

Charity Tax group launch national survey on VAT

Charity Tax group launch a national survey on charity VAT relief The Charity Tax Group are launching a national survey on charity VAT relief. The group say the research will gather information on the amount of VAT relief claimed by UK charities, which they say will...

new anti-money laundering regulations set to hit charities

new anti-money laundering regulations set to hit charities

New anti-money laundering regulations set to hit many charities It has been reported that a large number of charities could face administrative bureaucracy from the government as they bring in new anti-money laundering regulations. The Fifth Money Laundering Directive...

Charity tax improvements to increase charity donations?

Charity tax improvements to increase charity donations?

Charity tax improvements might unlock more people giving to charity According to a new report from the Charity Tax Commission led by the former chairman of the Inland Revenue (Sir Nicholas Montagu), tax reliefs offered to UK charities are in urgent need of an...

Charities warned to prepare for no-deal Brexit

Charities warned to prepare for no-deal Brexit

Charities warned to prepare for no-deal Brexit The National Council for Voluntary Organisations (NVCO) are urging the new minister for civil society to make sure charities are not ignored and receive the funding they need to prepare for a no-deal Brexit. After the...

Charities Aid Foundation gave £646m to charities in 2018/19

Charities Aid Foundation gave £646m to charities in 2018/19

Charities Aid Foundation gave a record £646m to charities in 2018/19 The latest figures show that the Charities Aid Foundation (CAF) gave £141m more to charities than last year, a 25% increase from 2017/18. Donations in the American Donor fund increased by 23% to...

Charity Trustees Time Off for Duties Bill

Charity Trustees Time Off for Duties Bill

The Charity Trustees (Time Off for Duties) Bill 2017-2019 was introduced to parliament in March. This bill will allow charity trustees to take reasonable time off from their jobs to carry out the duties required of being a charity trustee. Under the existing law,...

Charity sector is ill prepared for a no-deal Brexit

Charity sector is ill prepared for a no-deal Brexit

Charity sector is ill prepared for a no-deal Brexit A survey conducted by the Charity Finance Group (CFG) has highlighted that Charities are ill prepared for the possibility of there being a no-deal Brexit. The UK is currently due to exit the European Union on 29...

£560 million of Gift Aid goes unclaimed every year

£560 million of Gift Aid goes unclaimed every year

£560 million of Gift Aid goes unclaimed every year Research from HMRC has shown that, due to a lack of awareness surrounding the scheme, charities are missing out on £560 million of Gift Aid every year. Gift aid allows charities to claim an extra 25p for every £1 that...

Tax Rates 2018/2019

Tax Rates 2018/2019

Introduction to tax rates We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used.  ...

Employing the Millennial generation

Employing the Millennial generation

Employing the Millennial generation  They appear to be gaining a notorious reputation for being flighty, demanding and difficult in the workplace. How accurate is this reputation of the millennial, and how do employers retain this “problem” generation? Millennials...

Could a Charity merger be the answer for saving your charity?

Could a Charity merger be the answer for saving your charity?

Could a Charity merger be the answer for saving your charity? Despite evidence that a merger can have a wide range of benefits in the not-for-profit sector, it seems to be an option that charities are shying away from. There are 167,000 registered charities in England...

Trustees…Be Warned! New Charity Commission warnings

Trustees…Be Warned! New Charity Commission warnings

Trustees... Be Warned! New Charity Commission warnings   The Charity Commission used newly granted powers for the first time in mid-August to issue an official warning to the Trustees of a national charity. The matters picked up on by the Commission in their warning...

VAT can be Charitable – here’s how your charity can save on VAT

VAT can be Charitable – here’s how your charity can save on VAT

Charities have always had challenges with Value Added Tax. There are, however, concessions available to charities which mean that some goods/services are not subjected to VAT, or are subjected to the lower rate of 5%. VAT Can be charitable. 1. Rent - If a...