Not for Profit Update – February 2021
We have started 2021 with another National Lockdown which will bring additional challenges to the operations of many Not for Profits throughout the UK. As we look ahead, there is undeniably significant and overwhelming levels of uncertainty, but no doubt the sector will be resilient, diverse and ingenious in fighting for the causes it is so desperately needed for.
In this edition we look at ways in which Covid-19 has ongoing governance implications as well as looking at research on the trends emerging for charities due to the economic downturn.
There is potentially welcome news regarding the business interruption insurance following a Supreme Court decision and a statement from the fundraising regulator in relation to lockdown restrictions.
We also report on the Charity Governance Code refresh as well as insights following the Charity Commissions’ recent report on the RSPCA. We examine the latest review regarding pension deficits and what financial statements need to include.