Charity News April 2023
Record levels of income tax receipts in January unexpectedly boosted the government’s coffers. As a result, the Chancellor’s budget was less austere than had been previously predicted. Although it was encouraging to see more than £100m of additional support for charities, this was set against a backdrop of eye watering inflation, lower donations, and higher demand on charity services. Within this context, the Charity Commission has released new guidance on managing financial difficulties in the current economic crisis.
As well as highlighting a deeper analysis of the spring budget and directing you towards the charity commission guidance, this Charity News also highlights some changes to the annual accounts return and a new fund accessible to charities and social enterprises.
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