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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Double dip could pose risk to charities

A recent finding of the First Tier Tribunal Tax is a reminder of the danger for charities of gifts made by way of so-called ‘double dip’ arrangements, where both inheritance tax relief and gift aid are claimed on the gift.

Franchising tool kit announced

The Social Enterprise Coalition is developing a social franchising support programme of tools and resources with part of its funding from the Big Lottery Fund to help social enterprise expansion.

Merger brings £40k investment

Social investment fund Breakthrough has invested around £40,000 into recently merged charity Advocacy Partners Speaking Up to support its post-merger plans.

Careless Commission cuts risk 'double whammy' for small groups, says CTN chair

Charity Trustee Networks chair Rodney Buse has warned the Charity Commission to remember that the public spending cuts will affect other providers of advice and guidance to small charities too, when it decides which services to chop.

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

Brendan Whelan, CEO, Social Finance Foundation, Arlene Foster, Minister of Enterprise, Trade and Investment, Seamus O’Prey, Chairman, UCIT and Nigel Kershaw OBE, CEO of Big Issue Invest

Big Issue Invest (BII) is partnering with the Ulster Community Investment Trust (UCIT) in a move that will allow the organisation access to a £10m Social Enterprise Investment Fund.

Children's charity to take auditors to court over bad advice on a merger

Children’s charity St Christopher’s Fellowship is taking accountants MacIntyre Hudson to the High Court claiming bad advice on a merger.

Work Programme aims to support people back to work regardless of situation

Registered charity Careers Development Group has entered an alliance with private employment agency Maximus UK to bid for the government’s new Work Programme and expand its services across the whole of England.

Nesta to pilot Big Society Bank activities

The National Endowment for Science, Technology and the Arts (Nesta) has been asked by the government to research and pilot some of the activities the proposed Big Society Bank will perform to inform its development ahead of its target launch in April 2011.

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