Author of the review of the Charities Act 2006, Lord Hodgson has likened the regulatory burden on charities, to barnacles on a ship. Leave the barnacles in place and the ship slows down.
In a continuation of a key theme of recent months, there have been further developments in fundraising regulation including the launch of the Fundraising Preference Service and updates to the fundraising guidance.
Charities which are required to maintain a register of People with Significant Control (PSCs) now need to comply with new time limits for updating their register and reporting to Companies House each time a change occurs.
Following changes introduced by the Small Business, Enterprise and Employment Act 2015, large companies (including large charitable companies) will be required to report on their payment practices and performance twice a year.
Some charities may be struggling to get to grips with whether the Common Reporting Standard (CRS) will affect them, and if so, what their obligations are.
