Falling rag prices likely to cost charities tens of millions

Falling rag prices likely to cost charities tens of millions

1 Sep 2014 | David Ainsworth

Charities are likely to lose tens of millions of pounds this year from a fall in the price of recycled clothing and other textiles, known as rag.


Falling rag prices likely to cost charities tens of millions

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OSCR to investigate mismanagement at Scottish children's charity

OSCR has opened an inquiry into Scottish children’s charity the Sick Kids Foundation following press reports that its £15m New Pyjamas Campaign has spent more than £500,000 but raised just £60,000 in its first ten months.

Treasury retreats on NHS accounts consolidation

HM Treasury has agreed to defer for a year the implementation of the international accounting standard that threatened to see donations to NHS charities lumped in to general NHS balance sheets.

Social Enterprise Mark garners support and criticism

The new national Social Enterprise Mark has had a mixed start, with strong support from one of the first social enterprises in the UK, The Big Issue, but criticism and rejection by the Scottish network of social entrepreneurs, Senscot.

OSCR gives thumbs-down to new UK accounting proposals

Scotland’s charity regulator has given short shrift to the Accounting Standards Board’s proposals to develop a new accounting standard for public benefit entities.

Congratulations to the RNLI - this only goes to prove that working on long term (and short term for that matter) legacies really pays dividends in the end.

» RNLI legacy income rises to record £118m

Church of England sells stock in controversial mining firm

The Church Commissioners and the Church of England Pensions Board have sold their shares worth £3.8m in controversial mining company Vedanta on the advice of the Church’s Ethical Investment Advisory Group.

Church of England loses £40m on property investment

The Church of England has lost £40m from a failed investment in two New York apartment complexes, Stuyvesant Town and Peter Cooper Village, which collapsed after the US property bubble burst.

Charity Commission plans new scrutiny on charities running prisons

The Charity Commission has agreed to look more closely at the prospect of charities running prisons following a meeting with NAVCA and the Howard League for Penal Reform yesterday.

Commission staff to be balloted on strike action

The Charity Commission may be facing strike action after the Public and Commercial Services Union called a ballot on changes to the civil service compensation scheme.

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