It was announced today in the Queen's Speech that charities will be able to claim top-up payments on up to £5,000 of small donations without gift aid declarations. This new scheme will boost income for charities and help reduce their administrative burdens. This proposal will come into effect from April 2013 with a top up payment of 25p for every £1 collected in the UK. This will apply where individuals donate £20 or less. The main charities that will see benefit are likely to be the smaller organisations who rely on bucket collections
On 12 May 2012 I will be taking part in a firewalk challenge to raise funds for Winstons Wish, the leading childhood bereavement charity. This special event is being held at the Jackie Stewart Pavillion Paddocks, Goodwood Motor Circuit. A team of firewalk professionals will provide me and other fundraisers with 2 hours of training before we embark on this amazing challenge.
Don Wales, a long-term Spofforths client is set to make a special presentation about the Bluebird K7 at a fundraising event for the Lions International Blood Research Appeal (LIBRA) on 16 May 2012. It is being held at a private motor museum in Surrey and I will be joining Don for the evening. All funds raised will help to cover the cost of two new pieces of equipment for the Haematology Department at King’s College Hospital in London, where health experts are developing new treatments for blood cancers.
Spofforths' client Don Wales made a fantastic presentation about the Bluebird K7, on 16 May 2012, at a charity event for the Lions International Blood Research Appeal. I joined 90 guests at a private motor museum in Surrey to hear Don speak about his Bluebird team and plans for a centenary celebration this year. He also gave a heartfelt account of his uncle, Donald Campbell’s, fatal accident on Coniston Water.
It seems that the chancellor has come to his senses and finally listened to charities with his latest u turn. He has now indicated that he will abandon the plan to cap relief on charitable donations announced on 21 March.
Join Spofforths’ Partner Mark Spofforth for the Rathbones’ Annual Charity Symposium at the British Museum in London, on Wednesday 12 September 2012. It is a challenging time for Trustees given the current economic climate, and Trustees and their advisers are being encouraged to attend the event to enjoy some topical discussion and share ideas.
I am pleased to see that the government have announced a u-turn on the charity tax announced in the budget. The planned cap of 25% or £50,000 (whichever is higher) on higher rate tax payers tax relief will still go ahead in April as planned but will now exclude the relief given on their charitable donations.
We are looking forward to the Worthing Dragon Boat Festival on Sunday 29 July and have a team of paddlers taking part to raise funds for the Worthing and District Animal Rescue Service. In our 40-foot Dragon Boat, team ‘Spofforths’ will compete in a series of races on Brooklands Lake in Lancing. The event will be opened at 9.45am by the Mayor of Worthing, the Chairman of Adur District Council and Tim Loughton MP.
Hope you are all enjoying this glorious sunshine, let's hope it's like this for the dizzy: Support for Diabetes golf day next Friday 3rd August 2012, this year being held at the fabulous Chichester Golf Club (Hunston).
There was a great atmosphere at Brooklands Pleasure Park in Lancing, on Sunday 29 July, as we took to the water for the Worthing Dragon Boat Festival 2012. Our fantastic team of paddlers and a drummer raced against 18 other dragon boats to help raise funds for the Worthing and District Animal Rescue Service. So far generous sponsors have donated £570 and we still hope to reach our £1,000 target.
The long-awaited report from Lord Hodgson reviewing the Charities Act 2006 has been published. The statutory review was established to look into specific aspects of the 2006 Act and whether further changes to the legal and regulatory framework for charities were desirable. Lord Hodgson, makes over 100 recommendations, which he hopes will be considered. Some are uncontroversial; others are described as breaking new ground. Mark Spofforth will be providing an update on the regulatory framework and expected changes resulting in this review at Rathbones’ Annual Charity Symposium at the British Museum in London, on Wednesday 12 September 2012.
The Charity Commission, the independent regulator for charities in England and Wales, has published new guidance on starting, running and supporting charitable disaster appeals. It is intended to provide information and advice to charities as well as members of the public who want to give much needed help to people affected by a disaster or other humanitarian crisis.
To celebrate the launch of the County Times Community Awards 2012 and our
sponsorship of the Charity of the Year category, Director of Spofforths
Private Client Services Philip Lansberry recently featured in the paper. At
Spofforths we work with many charities and Philip told the West Sussex
County Times what an important role they play in our community and how proud
he is to be involved with these awards.
The Charity Commission, the regulator of charities in England and Wales, yesterday launched the first in a new series of audio podcasts, designed to help charity trustees develop their understanding of their duties under charity law. Click here to find out more.
The October edition of Sussex Life is now in print and features our Tax Consultant, Jo White, who looks at some key issues that charity treasurers might face. Jo was asked to produce the case study style feature that is sure to benefit those who seek specialist charity advice. You can read the full article which appears on page 277 by clicking here.
The Charity Commission, the independent regulator of charities in England and Wales, has published an online Trustees Handbook aims to help charities ensure a smooth handover between departing and newly appointed trustees. The guide also informs new trustees about their duties and responsibilities towards their charities and explains how to make use of the Commission’s online services and guidance.
We look forward to taking part in a Bowling Bonanza, on Thursday 15 November, in aid of Children in Need. We have two teams competing in the charity event which is being held at AMF Worthing. Organisers, Bennett Griffin, hope to raise in excess of £2,500.
To celebrate the festive season, we are delighted to sponsor Horsham’s Christmas Charity Market for the fourth year. The special event is being held at the Carfax on Sunday 25 November from 10am to 4pm. Organised by the Rotary Club of Horsham in association with Horsham District Council, there will be a great programme of activities.
It was a pleasure to attend the West Sussex County Times Community Awards last night, Tuesday 20 November, and enjoy an evening of celebrations. We joined other event sponsors at Horsham’s Capitol Theatre to honour those who make a huge difference to our community. It was a very emotional evening as various category winners talked about their work and experiences.
Contrary to popular belief charities are able to carry out trading activities - and many do. The income from the sale of goods and services by the voluntary and community sector now makes up over half of the sector's incoming resources.
However there are significant tax implications to a charity's ability to trade.
In the latest edition of Sussex Life, Spofforths’ Partner Sarah Ediss provides charities with some useful advice about trading. Many charities do carry out trading activities and it is vital that they are aware of the tax implications
A record number of teams entered the Horsham Pancake Races, on 19 February 2013, and we really enjoyed taking part. The annual event, organised by Horsham Rotary and the District Council, was held in the Carfax and compered by children’s television personality Dave Benson Phillips.
We are co-hosting an educational seminar for charity trustees with Rathbones on Thursday 25 April 2013. The event at Pallant House Gallery, in Chichester, will begin with a morning of discussion followed by lunch.