Funding News & Information

Here you will find information & news from the funding sectors that may be of use to organisations in and around Co Durham

 

Charity funding news for May

Items in the update on our blog this month include:

  • We analyse the factors that have contributed to a suggested decline in adults giving to charity

  • There's a new project working on a standardised system for grant applications

  • How do you align your charity’s mission and values with its financial goals and decisions? The EIRIS Foundation are holding a free, half-day event on the topic.  

  • We’ve been updating our financial management resources, including the templates for the financial procedures manual for smaller charities. 

  • The government is planning to expand the Dormant Assets Scheme.

Read  funding round-up for May.

Standardising grant applications

In response to grant applications that can often be onerous for charities – particularly smaller ones – Brevio are working with academics at the University of Bath to create a more efficient, less wasteful and standardised system. To help identify the wastage and inefficiencies of the current system, they want to hear from charities about their experiences of current grant application processes.

Lankelly Chase Blog 

Jo Laverick has asked us to share the following link, picked up from the Lankelly Chase Foundation. It’s a good blog about the complexities in funding/commissioning services which address complex needs and might be of interest to colleagues in the Better Together network.

https://lankellychase.org.uk/lankelly-chases-approach-to-working-with-complexity/

Report calls for urgent action to help smaller charities survive 

Lloyds Bank Foundation has launched a report calling on government, funders and large charities to take urgent action if small charities are to survive turbulent times ahead.
Facing Forward presents a candid analysis of the ten upcoming political, economic, social and technological changes which will dramatically affect the operating landscape for the 65,000 small and medium charities working at the heart of communities across England and Wales.
Download the report

Gift Aid donations – are your donors paying enough tax to cover?

The tax landscape has changed significantly over the last few years, with around 50% of adults in the UK no longer paying any income tax at all (up from around 42% only a few years back) and HMRC is very keen to ensure that Gift Aid donors are paying enough tax to make the claim valid.

The public therefore need to be better equipped to know if they can or cannot make charitable donations with Gift Aid added. Most Gift Aid donors will be giving very intentionally and will understand that they will need to have paid enough income (or capital gains) tax in each tax year (6 April to 5 April following) to equal or exceed the Gift Aid tax that we reclaim on their Gift Aided donations.

This new commentary by CTG Vice-Chairman Kevin Russell explores why some donors are not paying enough tax to cover their Gift Aid donations, and suggests ways to improve donor education. 

Free guide to risk management for charities 

Charity Finance Group and accountancy firm Sayer Vincent have launched a free guide for charities dealing with risk, which says charities don't consider risks faced by their organisation. The guide, Rethinking Risk - Beyond the Tick Box, tells charities that risk management should be integrated with other management processes such as planning rather than treating it as a stand-along exercise.

80% of people who volunteer have also given money to charity

Eight out of 10 people who volunteer for a charity have also made a charitable donation in the last year, according to a new survey. The survey had over 1,400 respondents and was conducted by the Do-It Trust, the national volunteering database. It found that over 80 per cent of respondents who said they had volunteered for a charity in the last 12 months had also given at least once to another organisation in the same time frame.

Digital donations are the future 

It's no surprise that technology has had an impact on charities. But how much has the digital revolution already changed fundraising? And how can charities make sure they are not left behind?

Fundraising guidelines 

Following the publication of new fundraising guidance by the Charity Commission it is more important than ever for Trustees to understand the fundraisers' role within your organisation. Trustees play a valuable role in raising vital funds for the delivery of services for the beneficiaries of their organisation.

The guidance is an opportunity not only to reinforce the governance of the organisation's fundraising activities but also to re-invigorate your current and future Trustees' contribution to the fundraising effort of the organisation.