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Pulse: March 2021

Our newsletter for charities and not for profit organisations

Newsletter of Deloitte’s Charities and Not for Profit Group

Welcome to our March 2021 edition of Pulse.

As we all look forward to the ‘new normal’ and the lifting of restrictions, we have included here some food for thought on what the future may bring. Our Deloitte Chief Economist Ian Stewart considers ‘levelling up’ and the post pandemic impact on the economy. Bhavin Shah of Newton’s Sustainable Growth and Income Fund for Charities explores the impact of the climate agenda on investments and Sarah Rowley and Cara Fung of Charles Russell Speechlys discuss the impact of the Kids Company verdict on trustees.

In our previous November edition we considered the challenges faced by charities in managing investment income, providing support for subsidiaries and in meeting narrative reporting requirements. We also said goodbye to Reza Motazedi, wishing him a happy retirement, and welcomed new faces to the core charities team, Jon Gooding, Craig Wisdom and Nicola Wright.

Our other previous editions are linked below. These include considerations around support provided to subsidiaries, narrative reporting and a discussion of the challenges face by charities in managing investment income in November 2020. Further thoughts on investment decisions and section 172 (1), were provided in our January 2020 edition of Pulse and going back further and some thoughts on reserves and IR35 employment tax changes from July 2019.

March's edition where we were fortunate to have two views on governance: a reminder of why good governance is important; and also what good governance may look like, in addition to some thoughts on defined benefit pension schemes and sustainable investments.

September's edition also linked explores the changing tax environment, looking at tax governance and a new Deloitte initiative 'Because Tax Matters'; and June's edition in which, in addition to 'Making Tax Digital for VAT', you can catch-up on articles covering safeguarding considerations, and investments and property management.

March 2021 Edition