Not for Profit Update – August 2020
Welcome to the August Not for Profit Update from MHA Carpenter Box.
In this edition, we provide an overview of the launch of the Government’s 2020 Comprehensive Spending Review and an update on the launch of the Government’s fundamental business rates review – a national campaign to increase the amount of gift aid recoverable on charitable donations.
We also look at charity insolvency and how charities can benefit from a new act passed into law, the updated guidance on the importance of transparent and accountable governance by the Charities Commission, and the Companies House filing extension update.
Additionally, we explain the new processes for SORP engagement discussions, with a brief overview of recently released Information Sheets 5 and 6, as well as further change and guidance on helping the charity sector to deal with the effect of the COVID-19 pandemic.