The use of large up-front fees and disproportionate deposits has already resulted in significant cost consequences for one care provider.
The event was held on 27th April at the Kensington Forum Hotel in London and was aimed at Church leaders who wanted to learn more about financial management from a biblical, legal and practical perspective. It was relevant to churches of all sizes but especially those which are growing and where the right structure to deal with UK regulators and tax needs to be strengthened.
Dr Hugh Osgood from Churches in Communities International provided a scriptural foundation on the day and delivered a session which looked at the biblical teaching regarding finances and working in accordance with the law, whilst Edwina Turner, associate at Anthony Collins Solicitors led a session examining case studies which demonstrated success in the areas of financial control, employment taxes and Gift Aid. The day was underpinned by a workshop from Stewardship looking at practical implementations of good financial practice.
Edwina said: “At a time when the charity sector is experiencing a raft of changes, it is more important than ever that Churches feel in control of their finances and keep on the right side of the law. The event was aimed at the practical side of money management, and Church leaders should leave feeling equipped and empowered to manage funds more effectively.”
Dr Hugh Osgood, president of Churches in Communities International, commented: “We want to make sure our churches are as financially healthy as possible, and are up to date with all of the new legislation regarding financial regulation. We were very pleased to be able to offer delegates the highest quality of speakers.”
Stephen Mathews, head of accountancy and consultancy services at Stewardship continued: “Efficient money management means that a Church can free up more funds to invest in the activities which are the most important, such as supporting the vulnerable in their local communities and focusing on Kingdom activities. Too often in my work with churches I see dangerous structures and money lost which harms the church in terms of both its finances and reputation.”
The government announced on 16 May that it will provide a fund of £400m to cover the costs of removal and replacement of cladding to high rise residential blocks which have failed tests.
Whilst some people are under the impression that preparing a Lasting Power of Attorney (LPA) is simply a case of completing a form and ticking a few boxes, it is about far more than this.
A big fear for some people facing divorce and the inevitable carving up of the matrimonial assets. They seek assurances that such assets will be “ring-fenced” and retained for them.
Thinking about the legal status of being a cohabitant probably isn’t at the top of the ‘to do’ list.
When an individual is thinking about making a gift to another individual, consideration needs to be given to the Potentially Exempt Transfer (PET) trap.
We are now only a few weeks away from the biggest change to data protection laws in over 20 years. Are you compliant?
The tragedy, in this case, is that there were options readily available to the midwives that they could have used. This was not a case of having to go above and beyond.
Arising from the recent Family Division announcement, people who think they are legally divorced may in fact still be married.
The SCCS has issued providers in the scheme a series of updated and new documents in order to assist with their National Minimum Wage review.
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