The NVCO, an umbrella organisation for charities and voluntary organisations, has sent out its latest newsletter, including several interesting links.
They have a blog about what the new government will mean for the charity sector, including Brexit, cabinet changes, new leadership of the labour party, policy changes and more.
NCVO has just released a ‘Road Ahead‘ report looking at what we might expect in 2020. This is split into four sections covering politics, the economy, social and technological change, and looks at Brexit, big data, public sector transformation, changes in giving and volunteering, climate change activism, cyber crime… and more. Various opportunities and challenges are discussed, and the report is designed to be a useful tool for those involved in planning, especially trustees and managers.
It’s available in both website and PDF formats, and the Head of Policy, Elizabeth Chamberlain, has written a summary of the 20 things to think about in 2020.
There will be a webinar on 17 February from 10-11am around managing mental wellbeing in the workplace, and creating a positive working environment. You can find out more, and register here, and also there are some additional ‘wellbeing at work’ resources on Knowhow.
In addition, NCVO has partnered with the Foundation for Social Improvement to offer various training webinars and other training events to Members, from this page on their site.
Money laundering prevention – charities exception
with thanks to Civil Society Media
Charities will not have to sign up to a register of trusts which is being created as part of the government’s new anti-money laundering regulations.
When the government first consulted on the changes last year it had been thought that charities would fall within the scope of the Fifth Money Laundering Directive (5MLD), which could have forced all charitable trusts, irrespective of size, to need to register with the government’s new trust registration service (TRS).
This would have placed additional administrative burdens on charitable trusts, particularly smaller ones.
But after lobbying from sector bodies including the Charity Tax Group (CTG), the government has decided that charities will be exempt from registering. A technical consultation launched this month, which said: “Charitable trusts are not in scope to register because the risk of these kinds of trusts being used for money laundering or terrorist financing activity is low”.
John Hemming, chair of CTG, said: “This is a great outcome for charities and vindicates the responses made by CTG and other sector bodies to the original consultation that charities were low risk and should be excluded from registering with the Trust Registration Service.
“This is a great example of common sense prevailing particularly as the rules would otherwise have applied regardless of whether or not the trust has incurred a UK tax consequence.
“We are aware that very small charitable trusts, including those that are excepted from registration with the charity regulators, could have been caught, which would have been unduly onerous given their limited resources.”