In the sector press

Policy Update - April 2018


Kate Rogers

Kate Rogers

Head of Policy

Charity Incorporated Organisations
From the 1st January 2018, charitable companies can use a simple process to change to a Charitable Incorporated Organisation (CIO). Currently open to charities with income of under £12.5k, the process will become available to all charities charities from 1 August 2018. The main advantage of CIOs over charitable companies is that CIOs don’t have to register with and send accounts to Companies House as well as the Charity Commission.

With headlines about both the Presidents Club and Oxfam over the quarter, safeguarding has been a topic of focus. The Charity Commission hosted a ‘safeguarding summit’ in early March and pointed charities towards their alert issued in December 2017. This recommended that safeguarding policies are reviewed, and that the Charity Commission are informed of any issues, incidents, complaints or allegations that have not been previously been disclosed.

Civil Society Strategy Consultation
The Minister for Civil Society, Tracy Crouch, has launched a 12 week consultation on the government’s new ‘civil society strategy’. This is your opportunity to have a say on how government interacts with the sector.

Charity Commission Chair
Baroness Tina Stowell was appointed as the new Chair of the Charity Commission from 26th February 2018. The appointment was rejected by MPs on the Digital, Media and Sport committee in February citing concerns over her experience and impartiality; she is a Conservative peer. Julia Unwin, who was an independent member of the appointments panel, described Baroness Stowell as “the outstanding candidate on the day”, after MPs and sector leaders criticised the process.

Extra funding for the Charity Commission
The government announced additional funding for the Charity Commission to help it respond to significant increases in demand on its core regulatory functions, including registration and compliance. £5m per year has been awarded as an interim solution, while the Commission considers longer term, more sustainable funding models. this includes whether the largest charities should make a modest contribution to the Commission’s enabling work. A consultation is expected later this year.

Dormant assets
The government published its response to the Independent Dormant Assets Commission; announcing that up to £330m from dormant bank and building society accounts will be used to help the homeless, disadvantaged young people, local charities and other good causes in the UK over the next four years. 

General Data Protection Regulation (GDPR)
As the GDPR deadline approaches (25th May), a number of resources for charities have been published.
The Fundraising Regulator has worked with the Institute of Fundraising to produce 6 briefings on GDPR. These “bitesize” guides are designed to be as accessible and as relevant as possible for charities that fundraise
The Association of Charitable Foundations have also published guidance for their members

Charities value unrestricted funds twice as much as restricted
Research by nfpSynergy illustrates how valuable unrestricted fund income is to charities.


Kate Rogers

Kate Rogers

Head of Policy

Kate specialises in investment on behalf of charities, endowments and foundations and joined Schroders Charities in 2005 after four years with Kleinwort Benson Private Bank Charity team.

Kate is chair of the Charity Investors' Group, which is a membership organisation providing a forum for investment debate. In this role she has collaborated with CFG to launch a guide to written investment policies and 'For Good and Not For Keeps' published by the Association of Charitable Foundations in 2013. Kate also regularly writes on charity investment in the charity sector press.

Kate is also Portfolio Director at Cazenove Charities. She is a CFA charterholder and has a BSc (Hons) in natural sciences from the University of Durham, is Chair of her local community foundation, and governor of her local primary school.

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
John Clifton

John Clifton

Business Development Manager