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We haven’t had a new SORP since 2005, and in that time we have managed to bring in a whole new accounting framework in the UK.
Our policy team recently took the unusual step of completing CFG’s annual return (AR). As in most charities, this normally falls to our finance team, so this was relatively new territory for us, and a rather a novel way to get our heads around the Charity Commission’s latest consultation, ‘Developing the content of the annual return and information displayed on the register of charities’.
The business rates relief available to charities has been thrust into the spotlight of late. As well as a number of high profile cases linking charity rate relief to tax avoidance by landlords, they have also been the subject of debate in Wales, following a report by the Business Rates Task and Finish Group commissioned by the Welsh Government.
With social investment recently hailed by the prime minster as ‘a great force for social change on the planet’ you’d be forgiven for thinking there was rather more of it going on.
There was little cause for optimism for the charity sector in the Government’s 2013 Spending Review, with a few niche giveaways overshadowed by more details on planned welfare reforms and further cuts to local government
