Tag: charities

Cheques will not be scrapped, say Payments Council

Cheques will not be scrapped, say Payments Council

It has been announced today that cheques will not be phased out after the Payments Council announced it would abolish them in 2018. The Council has now decided to keep them after criticism from MPs and charities and was forced to make the u-turn after pressure from the public. Richard North, the chairman of the [...]

July 12, 2011 | 0 Comments More
Government to slash funding for debt advice charities

Government to slash funding for debt advice charities

The Government’s massive spending cuts, which were introduced to trim the spiralling budget deficit, is to lead to a cut in funding for debt advisers. The news comes as debt advice charities are at their busiest as households are squeezed by unemployment, tax hikes and rising inflation. As a result, many debt advisers believe that [...]

February 1, 2011 | 0 Comments More
Triodos and Charity Bank on track for record lending

Triodos and Charity Bank on track for record lending

Mid-year figures from Charity Bank and Triodos Bank show both lenders are on track for a record year of lending. During the first six months of this year, Charity bank agreed £20.9 million of new loans. This is compared to a total of £22.9 million for the whole of 2009. Figures from Triodos show new [...]

July 20, 2010 | 0 Comments More
Charity finances should match their ideals

Charity finances should match their ideals

Charities should ensure their investments and pension schemes match up to their ideals by putting their money into an ethical fund, an ethical financial adviser claimed yesterday. Barchester Green Investment (BGI) made the comment as it begins working with two leading social enterprises, SEDEX and World Development Movement, on designing and selecting ethical pension schemes [...]

April 21, 2010 | 0 Comments More
Fears for elderly hoarding cash when cheques phased out

Fears for elderly hoarding cash when cheques phased out

Consumers groups have expressed concern for the elderly if cheques are abolished, suggesting that it will result in them hoarding cash at home. Appearing before the Treasury Select Committee, Jane Vass, of Age Concern and Help the Aged, warned that there could be a security issue if cheques were to be scrapped. “This would encourage [...]

March 17, 2010 | 0 Comments More
Cheques to be phased out by 2018

Cheques to be phased out by 2018

The UK Payments Council has today voted to phase out cheques on 31 October 2018, but has pledged to “promote and explain” alternatives over the next 9 years. The use of the cheque book has been in decline for many years as consumers opt for quicker payment methods. Major retailers such as Tesco and Sainsbury’s [...]

December 16, 2009 | 0 Comments More
Future of the cheque book to be decided today

Future of the cheque book to be decided today

The use of the cheque book continues to decline as consumers opt for quicker payment methods and, as a result, the cheque clearing system could end by 2018. Major retailers such as Tesco and Sainsbury’s no longer accept cheques, arguing that phasing out the use of cheques in stores resulted in quicker service and improved [...]

December 16, 2009 | 0 Comments More
Hardship Fund helps recession-hit charities

Hardship Fund helps recession-hit charities

The government has launched a new fund to help struggling voluntary organisations through the recession. Any UK charity that offers services to vulnerable and disadvantaged people can now apply for a grant of up to £250,000 from the £16.7 million Hardship Fund. Organisations applying for a grant must be suffering financial difficulties that impact their [...]

July 27, 2009 | 0 Comments More
Charity Commission survey reveals the recession is setting in

Charity Commission survey reveals the recession is setting in

According to the Economic Survey of Charities larger charities whose incomes are between £100,000 and £1m have so far been most affected by the recession as there is a greater demand for their services even though their income has fallen. Two-thirds of large charities have indicated that they are concerned that services may need to [...]

March 23, 2009 | 0 Comments More