Stewardship are delighted to announce the completion of the purchase of Kingdom Bank, in partnership with a small group of Christian philanthropists.
Kingdom Bank, which has been serving churches across the UK for over 60 years, has been bought by this group of Christian investors with the aim of sparking a significant expansion of the Bank’s activities.
2017 saw the introduction of a new Corporate Criminal Offence of “failure to prevent the criminal facilitation of tax evasion”.
It is intended to prevent executives who help others to evade tax hiding behind company protection.
Regardless of size, any charitable company is now able to convert into a Charitable Incorporated Organisation (CIO).
Because for a company this is simply a change of structure, the organisation retains its “corporate personality” but is no longer required to follow Company Law regulations.
Sunday 5 April 2020 marks the end of another tax year.
Many of your donors will pay all their tax at source (for example through PAYE on employment earnings) and will not need to complete a tax return. However, your donors may need to complete a self-assessment tax return if (for example) they are self-employed, they have income not taxed at source, or they wish to reclaim higher or additional rate gift aid.
Our previous article, ‘There may be Trouble Ahead!, alerted churches and charities to the possibility of having to register with HMRC as part of the ‘Trusts Registration Service’ (TRS).
This comes about as a result of implementation of the 5th Money Laundering Directive (5MLD).
In a departure from its normal practice, a recent Charity Commission’s enquiry into Save the Children focused solely on matters of employment and workplace culture.
At its heart was the way that the charity dealt with allegations of sexual and other forms of harassment made against two members of its senior management.
Earlier this year, Stewardship registered with the Fundraising Regulator. We thought we’d take this opportunity to share 7 helpful facts that we learnt when signing up to the Code of Fundraising Practice.
Fundraising covers many different types of activities from receiving gifts as a church, to undertaking special events like a sponsored walk and even talking to potential donors about legacies.
Whilst most of what we do is currently unaffected we have rapidly made changes to how we operate to ensure that we are being good stewards, that we aid the national effort to bring this pandemic under control, and that we prioritise getting financial and practical support to where it is most needed.
Giving is costly – but it is also a great blessing. 2 Corinthians 9:8 says that we should give what we have decided in our hearts to give, ‘not reluctantly, or under compulsion, for God loves a cheerful giver.’ I love the promise, earlier in that verse, that we will reap what we sow. By the end of 40acts, I felt that I had reaped more than enough already.
The novel Covid19 virus is now touching all our lives in a myriad of ways. Our church’s trip to Israel has been cancelled, conferences have been postponed, my 18 year old daughter is worrying about her A Levels, the need for skype lessons and logistics around her exams. My 87-year-old father in hospital is being fast-tracked to get an operation scheduled for 9 months to be done now. Emergency plans at work, keeping our distance from one another and every surface springing a hand gel are constant reminders of an unknown, disruptive threat.
blogs by the Stewardship team and selected guest writers.
Stewardship is the operating name of Stewardship Services (UKET) Limited. Established in 1906.
Registered charity no. 234714, and a company limited by guarantee, registered in England no. 90305.
Registered office: 1 Lamb's Passage, London EC1Y 8AB
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