10 Mar 2014
The fallout from the BBC Panorama investigation into Comic Relief's investments has highlighted the ongoing confusion in the sector over the Charity Commission's CC14 guidance.
Last night many people took to Twitter to rally support for smaller charities after the damning criticisms of larger charitable organisations on BBC’s Panorama.
Two recent public surveys indicate that charities should communicate better and file accounts on time to maintain support from individuals.
I'm sorry that some MPs feel that being contacted by their constituents about issues, which those individuals obviously consider to be important, is a distraction from their work. But that's kind of what WE pay them (handsomely) for.
Accusations that Save the Children has been censoring criticism of the energy industry out of fear of upsetting corporate partners is just one negative story that the charity world has woken up to this morning.
Social Enterprise UK has raised concern that the new social investment tax relief will exclude companies limited by guarantee with a social mission, but the CIC Association argues it only costs £15 to convert to a CIC structure, which is eligible for the relief.
The Financial Reporting Council is the latest regulatory body to take an interest in the operations of the Cup Trust, launching an investigation into whether any accountancy firms or individuals have committed misconduct in relation to its set-up and operation.
The negative media coverage today of Comic Relief’s investments into alcohol, arms and tobacco highlights the challenges charities face in trying to be perfect ethical investors, say sector observers.