Funding & Income

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The Coalition government has stepped up its process of decentralisation and devolution of power to local authorities and their communities. Local authorities will have the liberty to make decisions about allocation of resources free from central government guidelines. An increasing role for the VCS to deliver public services is expected. VCS organisations are expected to have a key role to play in identifying needs as well as delivering services. This page deals with policies that have an impact on funding, commissioning and procurement for the VCS.

Cipfa to provide secretariat to Sorp committee

The Chartered Institute of Public Finance and Accountancy will now provide the secretariat to the committee, which advises on the Statement of Recommended Practice governing charity accountancy.

New Direct Marketing Association code of practice

The Direct Marketing Association’s new code of practice, which comes into force on 18 August, will encourage charities to avoid calling people at anti-social times and urge them to take responsibility above and beyond compliance with the law.

Society lotteries raise £163million for good causes

Money raised for good causes through society lotteries grew seven percent to a record £163million between October 2012 and September 2013, according to mid-year figures released by the Gambling Commission.

Social value Hub

A new online portal, the Social Value Hub, aims to bring all resources relating to social value in the UK together in one place, making it simpler for those interested in delivering and commissioning for social value.

New charity accounting framework published

Two new Statements of Recommended Practice (SORP) have been published by the joint SORP making body, the Charity Commission and the Office of the Scottish Charity Regulator.

Revised guidance on investment funds published

The Charity Commission has published revised guidance on Common Investment Funds and Common Deposit Funds ahead of compliance with a new European Directive, which becomes compulsory on 22 July 2014.

Social Investment Explained

Charities may be able to access more flexible finance and attract more support through social investment than traditional grant funding, according to a guide published by Social Enterprise UK and the Big Lottery Fund.

Trial of online registration service

HM Revenue & Customs is trialing a digital service to allow charities to register with them to claim tax relief.

Community Shares Underwriting Fund

Big Society Capital has invested £1million in a project to underwrite community share issues, in a bid to encourage more communities to buy local assets.

Online donations service for small and medium charities

The Charities Aid Foundation has launched a new service to help small and medium-sized charities process donations by card and direct debit.


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