Changes to charity funding and regulation
In a report titled ‘Stronger Charities for a Stronger Society’ the House of Lords Select Committee on Charities has recommended improvements to the governance of charities, changes to the commissioning practices for charities in England and Wales and better partnership between charities and other sectors.
The report also recommends reforming the way charities are funded to help improve the relationship between charities, the regulator and government, and providing more support and training to trustees. It’s hoped the recommendations will help level the playing field for smaller charities.
The full report can be found in the the Charities Select Commitee section of www.parliament.co.uk
New financial guidance for charity trustees
The Charity Commission for England and Wales has issued updated guidance to help trustees of charities ensure they comply with their financial duties. The duties have not changed but their guidance has been revised to make it more accessible and clearer for trustees to understand. The guidance covers the key areas involved in managing a charity's financial resources. It includes financial controls, charity reserves, employing staff as well as giving details of sources of further support and information available for trustees.
Find out more on gov.uk