William Castelll, chair, Wellcome Trust

Wellcome Trust's investment portfolio reaches £18bn

19 Dec 2014 | Kirsty Weakley

The Wellcome Trust has posted a 15.4 per cent return on its investment portfolio, earning £2.5bn for the year to 30 September 2014.


Wellcome Trust's investment portfolio reaches £18bn

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Virgin Money

Virgin Money announced a new charitable foundation yesterday to support communities in the North East of England.

Six-month delay for 20 per cent tax on direct mail fundraising

Changes in the VAT rules around direct mail fundraising which would have cost the charity sector tens of millions of pounds a year will not now be introduced until April 2015, the Charity Tax Group has said.

Charities must think carefully about ethical investment policies, Acevo commission says

Charities with investment assets must involve their whole organisation in an active conversation about whether to invest ethically, a commission established by chief executives body Acevo has said.

Cabinet Office proposes doubling charity audit threshold to £1m

The Cabinet Office has launched a consultation on doubling the income thresholds above which charities must have their accounts audited.

So B&B operators cannot refuse gay couples a bed in their own home yet banks can assume muslim organisations might be laundering money for terrorists without any criminal act being proved. Its a strange world.

» Finsbury Park Mosque told its bank account will be closed by HSBC

Seven new social impact bonds launch as part of £23m of homelessness funding

The government has today announced £23m of funding to not-for-profit organisations to combat homelessness, part of which will fund up to seven new social impact bonds.

BeatBullying can pay staff only a fifth of wages owed, liquidation documents show

BeatBullying only has enough money to pay staff a fifth of what they are owed in wages and holiday pay, according to a statement of affairs filed with Companies House.


Essex Police are “taking from the greedy and giving to the needy” with a new scheme that will give the proceeds of criminal activity to charity.

WCVA sees income rise 12 per cent

The Wales Council for Voluntary Action, the umbrella body for charities in Wales, saw its income rise by more than 12 per cent to £23.4m in the year to March 2014, according to its latest report and accounts.

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