Knowledge Hub

The new defined benefit pension scheme funding regime will soon be effective. Pension advisory firm, LCP, explains how the changes will affect charities and what charities will need to do next.

Sharon Martin, Chief Financial Officer at Born Free, shares her story of an attempt to defraud the charity of funds, highlighting the importance of rigorous internal controls. 

The Fundraising Regulator's long-anticipated fully redrafted Fundraising Code is now out for consultation. Charities and others are invited to view the new code, comment and join in the conversation.

Charities and other interested parties are working together to develop the Charity Investment Governance Principles (CIGP), following a consultation that will inform best practice in decision-making around charity investments.

Tracey Moore from UHY emphasises the importance of going concern information for charities. She explains how budgets and cashflow forecasts can be used as management tools beyond audit purposes. By regularly updating and analysing this information, charities can make informed decisions, improve financial planning, and strengthen their relationships with grant providers.

BHP's Carla Horsfall explains how charities can save money on VAT for fundraising events by understanding the exemption rules. She outlines the key conditions for exemption and provides examples of events that qualify. The key takeaway for charities is to stay informed, plan ahead, and consider if the exemption benefits them before applying.

HMRC figures show that tax relief for charities and their donors increased by 3% to just over £6bn in the last tax year. Read more about the impact of tax relief, and remember Gift Aid Awareness Day is coming up soon on Thursday, 3 October.

As you will have noticed, the CFG (remote) office closed at the end of July as we paused for our summer wellbeing week. It was a time for staff to take a well earned break and spend some time recharging their batteries.

The government has published its proposals to remove VAT exemption, and charitable rate relief, to private schools. CFG's Head of Policy, Richard Sagar, provides an overview.

The 2024 Charity Digital Skills Report reveals some promising data showing the digital ambitions of charities, whilst also finding that economic challenges are stalling progress.

Deadline extended! The VCSE survey is open for responses. Read more about the survey and share your thoughts on the changing landscape of the sector.

Equality, diversity and inclusion (EDI) was a hot topic at this year's CFG's Annual Conference. Sam Burne James reports on the latest thinking and insights.