Policy Update - October 2018

30/09/2018

Kate Rogers

Kate Rogers

Co-head of Charities

Cazenove Charities

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

Author

Kate Rogers

Kate Rogers

Co-head of Charities

Cazenove Charities

Kate specialises in investment on behalf of charities, endowments and foundations and has over 20 years of experience, with 15 years at Schroders and Cazenove.  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, Vice-Chair of her local primary school and Chair of the Finance Committee of the Cripplegate Foundation.  She won a Women in Investment Award for her work with the Charity Commission and FCA creating a new charity investment vehicle.

She has researched and co-authored a series of publications on Charity investment best practise including 'For Good and Not For Keeps', which examines sustainable expenditure, ‘Intentional Investing’, which researches how charities can align their investment policy with their aims as an organisation, and more recently ‘Time and Money’, which explores how charities can make the best use of longevity.  Kate was chair of the Charity Investors' Group for 12 years, standing down in 2019.  In this role she collaborated with CFG and authored a guide to written investment policies.  Kate also regularly writes on charity investment in the charity sector press.

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:

James Brennan

James Brennan

Portfolio Director james.brennan@cazenovecapital.com