Charity Commission to get £9m funding boost and new powers to tackle tax avoidance and terrorism
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Charity Commission to get £9m funding boost and new powers to tackle tax avoidance and terrorism

22 Oct 2014 | David Ainsworth

The Charity Commission will receive £9m of extra funding over the next three years, as well as new powers to bar trustees and shut down charities, Prime Minister David Cameron announced today.

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Charity Commission to get £9m funding boost and new powers to tackle tax avoidance and terrorism

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Save the Children International income doubles to around £550m

Save the Children International’s income more than doubled last year to around £550m as it takes over more aid work from national charities.

Sue Ryder's income rises by 8 per cent

Sue Ryder's income has grown by £6.4m, which is mainly down to an increase in retail income of £6.2m, according to its recently published accounts.

PDSA

Animal charity the People’s Dispensary for Sick Animals spent more than it earned for four years running, according to its recently published accounts.

10 per cent of charities with net liabilities in 'significant financial difficulty', finds Charity Commission

The Charity Commission has identified 1,348 large charities which have current debts greater than funds available to cover them, with 10 per cent of those it analysed found to be in 'significant financial difficulty', according to its latest accounts monitoring review.

Tax avoidance may be legal, but it is still obnoxious. And the rest of us pay additional tax as a result. If I were asked whether the accountants and legal experts who set up these schemes are 'fit and proper persons', I know what my answer would be.

» Definition of charity for tax purposes 'attacks charities, not tax avoiders'

Sightsavers income up 26 per cent to just under £200m

The income of international development charity Sightsavers is up 26 per cent to just under £200m since 2012, according to its 2013 accounts.

New accounting Sorps are finally published

The two new Statements of Recommended Practice (Sorps) that will apply to all charities that prepare accruals accounts for years beginning on or after 1 January 2015, have been published today.

Sorp approved for publication, could be available next month

The charities Statements of Recommended Practice have been approved for publication by the Financial Reporting Council, the Charity Commission and the Office of the Scottish Charity Regulator announced today.

Ray Jones

Ray Jones, head of accountancy policy at the Charity Commission, has taken voluntary redundancy and will step down in the summer after over a decade in the role.

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