Charities are generally good at conducting Trustee reviews on a Board basis, ensuring they are functioning well and acting in the best interest of the charity, identifying if there are any skills gaps and if the board is structured in a way which allows effective decision-making. Assessing Trustees on an individual level is when it becomes more difficult for charities though. As the title asks, what makes a good Trustee?
In research published by the Charity Commission in November 2017 it was identified that boards are not reflective of the communities that their charities serve, with men outnumbering women two to one. Following this report, there were a number of articles, perhaps harshly, commenting on the pale, stale and male make-up of Trustees boards. The Charity Commission, rather than enforcing action, has simply continued to encourage charities to ensure their boards reflect the communities that they serve. So a year on from the research has there been any progress towards increased diversity?
So often articles and guidance discuss what Trustees and Boards can do to support their charity and focus on what makes good governance. Our own charity page features numerous articles around this subject. But with so much of what a charity achieves relying on its Trustees and their support, what can the charity do to support its board? After all, it's expected that a charity would look after its staff and volunteers, so shouldn't Trustees be included in this too?
Xero has announced that at the end of November 2018 they will be making some changes to the navigation bar within the software. The improvement will mean key information can be found more simply and quickly.
The final Budget before Brexit was held on Monday 29 October.
The day after we hosted a Budget webinar in which our experts Clive Relf, Private Client Tax Partner and Miranda Wood, Private Client and Trust Manager analysed the opportunities and threats arising for both individuals and businesses, as well as reviewing the top Budget headlines.
Main changes announced or confirmed yesterday in the Autumn Statement
Currently individuals can claim lettings relief against any gain realised on the sale of a residential property where it has been their home and they have also let it out. From April 2020, lettings relief will only be available for any period where you lived in the property with the tenant. In addition to this, the government have announced a reduction in the deemed period of occupation from the last 18 months to the last 9 (with some exceptions for individuals with disabilities or moving into care homes). This is the second reduction in this deemed period as it used to be 36 months.
SDLT first time buyer relief is being extended to include purchases under the shared ownership scheme. A retrospective claim can be made where an individual purchaser would have qualified for the relief before the rules came in.
On account Capital Gains Tax payments following the sale of a residential property will come into force from 6 April 2020.
“The past is another country they don’t do things differently there”; with apologies to L P Hartley, it is clear that today’s Budget demonstrates the truth that tax policy makers wilfully fail to learn from experience. Mr Hammond has concentrated upon reverting to tax legislation that has previously been abolished.