10 Mar 2014
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.
The Charity Commission may be under-resourced and timid as a result of past failures, but the answer is not a bad decision based on the false premise that tax status is all that is important to charitable status.
The Co-operative Group is to cut its funding for charities and ethical causes, the Observer has claimed this weekend.
Northern Rock Foundation and Big Society Capital plan to create a £11.5m social investment fund for the north-east of England.