Welcome to the Summer issue of Charities Briefing.
The Coronavirus pandemic has forced many charities to make some very hard decisions over recent months. As fundraising activities have been cancelled and funding has dried up, many staff have been placed on furlough. Our first article considers the furlough scheme (ie the Coronavirus Job Retention Scheme or CJRS) and other employment issues.
We also take a look at the different sources of support for charities – support both in the form of funding but also in the form of guidance. Our article provides a useful round-up of some of the key sources that charities should be investigating.
Good governance has never been more important than it is now. When many organisations will be feeling under significant strain, it’s important to maintain a focus on good governance. Our article considers what good governance looks like.
Finally, the recent announcement of a temporary reduced rate of VAT for the hospitality sector has been universally welcomed. The 5% rate may well be valuable for charities with catering operations or those with visitor or cultural attractions with an entry fee attracting standard-rated VAT.
Should you wish to discuss any of the issues raised in this newsletter, please contact me or your usual Saffery Champness partner.
Cara Turtington, Editor