Policy updates

Policy update - April 2019

03/04/2019

Kate Rogers

Kate Rogers

Head of Policy

Cazenove Charities

Charity Commission for England and Wales

New guidance for charities with a connection to a non-charity

After earlier consultation the Commission have now published guidance on charities with connections to a non-charity.  This guidance considers the reasons for connections with non-charitable entities (e.g. income, impact, trading) and how to manage the risks and challenges.  Particular focus is applied to ensuring that you do not further non-charitable purposes, that you operate independently, avoid conflicts of interest and protect your charity.  The guidance can be accessed here.

Annual Public Meeting

The Charity Commission held the annual public meeting at the beginning of March.  Baroness Stowell, the Chair, called upon charities to ‘meet public expectations and help bridge divides in society’.  You can read her speech here.  Helen Stephenson, the Chief Executive announced that the consultation on charging for Charity regulation has been delayed by the government because of Brexit. 

Total Return Regulations

The Charity Commission has published its review of the Charities (Total Return) Regulations 2013. Although there are no major changes, we thought a quick reminder might be useful for trustees of permanent endowments who may be considering adopting a total return approach.  You can read our article for Charity Finance here.

Legacy notification service

A new system alerting charities to when they have been left money in wills is to be established by HM Courts and Tribunals Service following a decision to end its current arrangement.  Read more here.

Charity Governance Code

A study of the annual reports of 85 charities with income above £5m has found that just under half have adopted the Charity Governance Code, just 18 months after it was launched.  Read more here.

Relaunch of Funder Network

ACF’s knowledge sharing platform Funder Network has been updated. Funder Network is a website that allows users to ask questions to their peers and share expertise and learning in a password-protected space. Find out more here.

 

Author

Kate Rogers

Kate Rogers

Head of Policy

Cazenove Charities

The opinions contained herein are those of the author and do not necessarily represent the house view. This document is intended to be for information purposes only. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Cazenove Capital does not warrant its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. This does not exclude or restrict any duty or liability that Cazenove Capital has to its customers under the Financial Services and Markets Act 2000 (as amended from time to time) or any other regulatory system. Cazenove Capital is part of the Schroder Group and a trading name of Schroder & Co. Limited 12 Moorgate, London, EC2R 6DA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. For your security, communications may be taped and monitored. 

Contact Cazenove Charities

Achieving your charity's investment objectives takes time and thought. To find out how we can help you please contact:

Giles Neville

Giles Neville

Head of Charities giles.neville@cazenovecapital.com
John Clifton

John Clifton

Business Development Manager john.clifton@cazenovecapital.com