01/04/2009
Red Tape Cut For Small Charities
Thousands of small charities will save up to £5million a year as the Government cuts 'red tape' by raising the income thresholds above which stricter accounting rules apply.
From today (1 April) the Government is giving charities more freedom to dedicate their time and money to making a difference rather than paperwork. The changes will make the regulations more proportionate to the risks so that donors can be confident that charities are accountable while more of their money will end up directly helping the charitable cause.
Kevin Brennan, Minister for the Third Sector, said: "This means more money can get to where it's really needed. These changes will particularly help small charities that are playing a vital role in communities suffering the impact of economic downturn.
"The Government has a £42million package of recession support for charities and will continue to make important changes such as these to help them thrive."
Andrew Hind, Chief Executive of the Charity Commission also commented: "Today's welcome changes to financial thresholds should make a material difference to nearly 50,000 charities as they report on their finances and activities - striking an important balance between proportionality and accountability."
All charities, including those with annual incomes under £25,000 must prepare accounts and make them available on request.
The changes to accounting thresholds followed a consultation held jointly by the Office of the Third Sector in the Cabinet Office and the Charity Commission.
(JM/BMcC)
From today (1 April) the Government is giving charities more freedom to dedicate their time and money to making a difference rather than paperwork. The changes will make the regulations more proportionate to the risks so that donors can be confident that charities are accountable while more of their money will end up directly helping the charitable cause.
Kevin Brennan, Minister for the Third Sector, said: "This means more money can get to where it's really needed. These changes will particularly help small charities that are playing a vital role in communities suffering the impact of economic downturn.
"The Government has a £42million package of recession support for charities and will continue to make important changes such as these to help them thrive."
Andrew Hind, Chief Executive of the Charity Commission also commented: "Today's welcome changes to financial thresholds should make a material difference to nearly 50,000 charities as they report on their finances and activities - striking an important balance between proportionality and accountability."
All charities, including those with annual incomes under £25,000 must prepare accounts and make them available on request.
The changes to accounting thresholds followed a consultation held jointly by the Office of the Third Sector in the Cabinet Office and the Charity Commission.
(JM/BMcC)
Related UK National News Stories
Click here for the latest headlines.
05 July 2010
UK's First Social Hotel Planned
Plans for what will be the UK's first social enterprise hotel have been unveiled. The Inverness scheme, modelled on a similar project running in the Netherlands, would offer hospitality training for vulnerable young adults. The 100 room hotel, cafe and restaurant building would be opened in 2014.
UK's First Social Hotel Planned
Plans for what will be the UK's first social enterprise hotel have been unveiled. The Inverness scheme, modelled on a similar project running in the Netherlands, would offer hospitality training for vulnerable young adults. The 100 room hotel, cafe and restaurant building would be opened in 2014.
05 May 2010
'Herd Of Elephants' Take Over Trafalgar Sq.
A herd of hand-painted 'baby elephants' has taken over London's Trafalgar Square. Ablaze with colour the square is showcasing elephant artworks that have been designed by the likes of Tommy Hilfiger and Matthew Williamson.
'Herd Of Elephants' Take Over Trafalgar Sq.
A herd of hand-painted 'baby elephants' has taken over London's Trafalgar Square. Ablaze with colour the square is showcasing elephant artworks that have been designed by the likes of Tommy Hilfiger and Matthew Williamson.
05 March 2008
Charities To Lose 'Millions' Over Tax Changes
Charities have been warned that they stand to lose out on around £90 million when the new lower income tax rate is introduced next month. The Charities Aid Foundation (CAF) said that the drop in the basic rate of income tax will reduce the amount of gift aid that charities can claim on donations.
Charities To Lose 'Millions' Over Tax Changes
Charities have been warned that they stand to lose out on around £90 million when the new lower income tax rate is introduced next month. The Charities Aid Foundation (CAF) said that the drop in the basic rate of income tax will reduce the amount of gift aid that charities can claim on donations.
25 August 2010
Poor 'Hit Hardest' By Emergency Budget
The coalition government's emergency Budget has hit the poorest families the hardest, a leading economic think-tank has revealed. The Institute of Fiscal Studies (IFS) said that low income households with children would lose more as a percentage of net income, due to benefit cuts.
Poor 'Hit Hardest' By Emergency Budget
The coalition government's emergency Budget has hit the poorest families the hardest, a leading economic think-tank has revealed. The Institute of Fiscal Studies (IFS) said that low income households with children would lose more as a percentage of net income, due to benefit cuts.
25 November 2014
Accused Changes Plea Over Breck Bednar Murder
A 19-year-old man has admitted the murder of a teenage boy he met while playing video games online. 14-year-old Breck Bednar, of Caterham, Surrey, was found with a stab wound to his neck at a flat in Grays, Essex, in February. Lewis Daynes admitted murder ahead of the jury being sworn in at the start of his trial.
Accused Changes Plea Over Breck Bednar Murder
A 19-year-old man has admitted the murder of a teenage boy he met while playing video games online. 14-year-old Breck Bednar, of Caterham, Surrey, was found with a stab wound to his neck at a flat in Grays, Essex, in February. Lewis Daynes admitted murder ahead of the jury being sworn in at the start of his trial.
-
Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.