Charity and Voluntary Sector
HM Treasury: New research into the 'Key Barriers to the Adoption of Gift Aid' has been published by Financial Secretary to the Treasury, Jane Kennedy MP. The research was co-funded by the Government and the Charities Aid Foundation (CAF) and involved in-depth interviews with over fifty UK charities, as well as key intermediaries and stakeholders.
Budget 2008 also announced that although the basic rate of tax will be 20%, Gift Aid will be paid at a transitional rate of 22% from 2008-09 to 2010-11; providing charities with additional Gift Aid worth around £300 million over three years.
BIG: Awards announced by the BIG Lottery Fund’s Community Buildings scheme are putting good cause millions into village halls and community hubs. Towns from Yorkshire to Cornwall have secured a slice of the Lottery funding totalling £2,659,018, enabling communities to give their village halls a new lease of life or build new community centres.
Cabinet Office: Phil Hope, Minister for the Third Sector, has made the fourth commencement order of the Charities Act 2006. It includes the new statutory definition of 'charity' and various accounting & reporting changes to bring the legal framework for charities up to date. Other changes to charity law, including a requirement for professional fundraisers to state how much they are paid when asking for public donations, also came into effect last week.