Guidance from Charity Commission
After their first disastrous attempt at ‘supporting’ the sector, the new guidance from them is far more helpful. In a nutshell:
How do I get support to pay my charity staff?
The government has announced that organisations, including charities, will get support to help them pay wages. Employers will be able to contact HMRC for a grant to cover most of the wages of their workforce who remain on payroll but are temporarily not working during the coronavirus outbreak. Any employer in the country- small or large, charitable or non-profit will be eligible for the scheme.
Can I use reserves and restricted funds to help my charity through the crisis?
Can I cancel or postpone my charity’s AGM or other key meetings?
Yes, but record your decision making process. “Wherever possible, we would ask you to try to get your annual reports to us on time. However, where the situation impacts on the completion of annual returns and accounts, charities with an imminent filing date can call us.”
Can I use video, teleconferencing and the internet in place of face-to-face meetings?
Yes. Record your decision where necessary.
What do I need to report to the Charity Commission?
Trustees to use their judgement. Charity Commission will continue to prioritise incidents placing individuals at risk, or those with a significant impact.
Reporting accounts and finances
The Charity SORP has issued updated guidance about what and how to report.