Not for Profit eNews – June 2021

Welcome to our June 2021 edition of eNews.

In this month’s edition, we are revisiting the responsible investment guidance issued by the Charity Commission, a topic we briefly discussed in May’s edition of eNews, but this time we will go into more detail. The consultation has now closed, and the Commission is currently analysing the results.

We review the most recent changes made to some of the wording of the Code of Fundraising Practice and how these impact charities who are running lotteries.

HMRC has issued new guidance on claiming Gift Aid on waived refunds and loan repayments. In April 2020 HMRC agreed to introduce a temporary concession to allow waivers of refunds and loans to charities to be treated as donations upon which Gift Aid could be claimed. This concession has now become permanent.

With the easing of some of the Covid rules, community amateur sports clubs may have utilised the outside space to generate more income by serving drinks outside. We provide a recap of the key HMRC CASC rules and we discuss the key tax risks associated with the increase of utilisation of outdoor space for generating income.

Finally, a new trustee recruitment guidance was launched by Reach Volunteering in collaboration with Association of Chairs, Small Charities Coalition and Getting on Board. We provide an overview of the issues the guidance aims to tackle.

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If there are any topics within this edition that you would like to talk to us more about, please do get in touch.