It can be difficult to keep on track with all the Charity Commission updates flying into your inbox. Below is what you need to know from the last few months.
Guidance/regulatory reports – Charity regulator opens inquiry into SPAC nation
- The inquiry will examine the financial, governance and safeguarding matters at the charity
- The charity is not banking its money, instead it is keeping it as cash
- There is a lack of clarity between the personal, business and charity roles of leaders within the charity
- Individuals claim they were asked to give money to the charity/individuals connected with the charity by taking on a personal debt
- How are the trustees managing the risks, including reputational risks to the charity in corroboration with negative publicity
Alert for charities – fraudsters impersonating staff
- Several charities have had fraudsters attempting to change employees bank details via email
- Suggest you should request clarification from an alternatively outsourced email address or phone number to check when changes are requested
- You should report this action to Action Fraud
Alert for charities – cyber crime and how to report to the Charity Commission
- Over 2/3’s of high income charities recorded a cyber breach or attack in 2018
- The National Cyber Security Centre (NCSC) has produced a useful guide on how to protect from cyber crimes
- If your charity suffers from cyber crime contact Action Fraud
Charity Commission Guidance – Guidance for reporting a serious incident in your charity when it involves a partner
- Trustees should make a serious incident report when an incident has occurred involving one of the charity’s partners in the UK or internationally which materially affects the charity, its staff, operations, finances and/or reputation
Charities urged to turn to mergers in ‘aspiration’, not just financial ‘desperation’
Government launches charity safeguarding portal
News / updates
Researching diversity and volunteering
- They are looking at diversity in stages:
- Stage one (spring 2020) will look at the perspective of organisations by
- Reviewing existing evidence
- Getting feedback from organisations about what they’re doing and their experiences to date
- Conducting ‘expert’ interviews
- Developing case examples
- Stage two (summer/autumn 2020) will take a more focused approach informed by what stakeholders said they’d like us to prioritise during the first stage
- Stage one (spring 2020) will look at the perspective of organisations by
The Charity commission is planning to produce a report on senior staff pay at charities
The Charity Commission will receive an extra £2.4 million in 2020-21, raising its income from £24.9m to £27.3m
The integration of environmental, social and governance (ESG) into the investment process: providing both values and value for charities.
Charities launch ‘investing Olympics’ for £32m fund
All Charity Commission updates, alerts, decisions, reports and statements