Policy Update - October 2018


Civil Society Strategy

In August the government published the new Civil Society Strategy which aims to create thriving communities through government action to strengthen the ‘five foundations of social value’
1. People – enabling a lifetime of contribution
2. Places – empowerment and investment for local communities
3. The social sector – supporting charities and social enterprises
4. The private sector – promoting business, finance and tech for good
5. The public sector – ensuring collaborative commissioning

The sector response was broadly positive, with some commentators saying that more detail was needed to turn a list of aspirations into implemented policies.
More information

Charity Financial Reporting

The four charity regulators in the UK and Republic of Ireland have decided to hold a governance review of the constitution and composition of the Charities Statement of Recommended Practice (SORP) committee and the SORP making process. The Charities SORP is the set of rules which governs charity accounting for charitable companies and larger charities. Read more

Trust in Charities

The Charity Commission published their research into public trust and confidence in charities. The research shows that trust in charities has remained stable over the last few years but hasn’t bounced back from the fundraising and Kids Company ‘scandals’ of 2015/2016. The research highlights the ‘foundations of public trust in charities’ – how the public expect charities to show their impact, how they manage their resources responsibly and how their behaviour supports their charitable purpose.

Source: Charity Commission – Trust In Charities 2018

This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.

This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.

All data contained within this document is sourced from Cazenove Capital unless otherwise stated.

The value of your investments and the income received from them can fall as well as rise. You may not get back the amount you invested.