Charities

Tax / Charity warns of £400m NMW backpay shock

Mencap is warning that the social care sector faces a major financial crisis, after HMRC asked for back payments of up to £400m to cover missing national minimum wage (NMW) for ‘sleep in’ staff, following an employment tribunal ruling

Insight / Charity Governance Code revised with external reviews every three years

External reviews every three years, greater openness and limits on how long trustees may serve are among recommendations made by a group of charity membership bodies to strengthen governance and accountability

Insight / Public confidence in charity regulation and oversight drops 7%

The public faith in effective charity regulation has dropped from 65% in 2015 to 58% in 2017 with only 2% of individuals who had concerns about a charity reporting it to the Charity Commission, despite 88% agreeing the commission is essential

Insight / Charity Commission investigation over late accounts

The Charity Commission has opened a statutory inquiry into Chesed Leyisruel Trust, after it failed to file its accounting information for the financial year ending 31 March 2016 by the deadline despite frequent reminders and having previously been involved in a class inquiry over late filings

Insight / PwC to support mental health and social mobility charities

The Samaritans and UK Youth have been named as PwC’s new charity partners, in line with the firm’s commitment to supporting mental health and promoting social mobility

Insight / Commission to investigate £1.5m Welsh charity

The Charity Commission is to investigate NSA Afan (Community Regeneration) amid concerns over governance and financial controls at the Welsh charity, which experienced a theft a year ago

Insight / Christian charity dissolved after breaching accounts filing

A charity set up to advance the Christian faith through evangelism and teaching has been removed from the register of charities after failing to submit accounting documents for two years, according to the Charity Commission

Insight / Charity Commission updating online contact forms

The Charity Commission is conducting essential maintenance to the contact forms on its website overnight on 27 June 2017 so they will not be available

Insight / Trustee disqualified after financial flaws at Catalyst Trust

Flaws in the financial controls, governance and management of The Catalyst Trust have seen the charity wound up, and its principal trustee permanently banned from serving in a similar role

Tax / HMRC guidance on investor tax relief for SEIS and SITR

HMRC has issued tax guides on venture capital schemes (VCS) for businesses looking to attract investment and raise finance under the Seed Enterprise Investment Scheme (SEIS) and social investment tax relief (SITR) scheme for companies and social enterprises

Insight / Charity Commission appoints interim manager to troubled London charity

The Charity Commission has appointed an interim manager to Wimbledon and Putney Commons Conservators (WPCC) to undertake specific functions as part of an inquiry into the trustees’ handling of financial matters, including the sale of access rights over charity lands at below market value

Tax / Charity Commission’s 15-year ban for Cup Trust trustee

The Charity Commission has used new powers to disqualify Mountstar, sole trustee of the Cup Trust, which was used in a £46m tax avoidance scheme, and is also considering regulatory action against the directors of the company which is registered in the British Virgin Islands

Audit / 10-year ban for ICAEW member Mehigan over Cup Trust scandal

ICAEW member John Anthony Mehigan has been banned for 10 years and fined £70,000 by the Financial Reporting Council (FRC) for his role in the discredited Cup Trust charity, which was involved in a £46m tax avoidance scheme

Audit / Charity reporting: rule changes on reporting material significance

Joanna Pittman, partner at  Sayer Vincent, reviews compliance issues under new charity reporting regulations concerning matters of material significance, which are effective 1 May 2017 regardless of the accounting period being reported on

Insight / Gloucester charity investigated over failure to file accounts

The Charity Commission has opened a statutory inquiry into All Nations Community Centre, after the Gloucester-based charity failed to comply with a request to provide accounting information covering a period of five years
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