Revitalising trusts

Ward Williams charity news

It may sound surprising, but a large number of charities struggle to spend their income on meeting their charitable objectives for the public benefit. Working in conjunction with the UK Community Foundations Network and the CCEW, the ‘Revitalising Trusts’ programme seeks to assist inactive or ineffective charities by helping them to identify beneficiaries and spend their income, changing the charity’s purpose and governance if necessary to enable it to work more effectively. Charities that have not spent any money in the last five years, or have spent less than 30% of its income over the past five years, may be identified by CCEW for inclusion within the programme.

Where revitalising the charity is not seen as appropriate, an alternative approach is to close the charity down and to transfer any remaining assets to another charity with similar objectives or to a local community foundation. Since its launch in 2018 the programme has revitalised £32 million of funds to help good causes, and has now secured funding to operate for another year.

Guidance: https://bit.ly/3kVmdNB

About the author

Colin is a Director at Ward Williams who has more than 25 years of practical experience and qualified with the Association of Chartered Certified Accountants in 2001.

He has a diverse portfolio ranging from small owner managed businesses to larger companies requiring audit together with a number of specialist clients such as charities, pension schemes, acadamies and solicitors. Colin provides a range of accounting, tax and audit services to these clients.

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