Coronavirus: Charity finances stagnate following early lockdown fall

Tuesday, July 14, 2020 8:17 AM | Farah Mendlesohn (Administrator)

Charity finances are stagnating following falls recording in the first months of the coronavirus lockdown, according to ACEVO.

The charity chief executives organisation has linked up with the Centre for Mental Health to ask charities in England and Wales how their finances have changed in recent months. Read More.

The most recent advice from the Charity Commission is that IEs and Auditors should not regard loss of income per se as a serious incident, but that if it leads to an inability to provide services to vulnerable beneficiaries, or results in insolvency or a high likelihood of insolvency over the next 12 months it is a serious and reportable incident.

The Association of Charity Independent Examiners

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