Charities and Social Enterprise newsletter
This week we issued Issue 7 of our Charities and Social Enterprise newsletter featuring articles on: Charities Fund approved by the NI Executive Managing Solvency Risks Leases in the time of Covid-19 Serious Incident Reporting to the Charity Commission for Northern Ireland and...
Temporary relaxation of corporate governance and insolvency law – new Bill
Posted By: Jenny Ebbage
On 20 May 2020 the Corporate Insolvency and Governance Bill 2020 was published. It seems that it will be enforced by the end of June and should provide a temporary relaxation by offering flexibility to businesses (& charities or social enterprises that are structured as companies, community bene...
Posted By: Sarah Burrows
Closing – 20 May 2020 Following on from the Social Enterprise NI’s Weekly Members Video Call today, SENI has stressed the importance of the following points for the Business Support Grants. • You MUST apply for either of the grants below IF YOU HAVE A RATE PAYERS I...
Posted By: Jenny Ebbage
In the current climate of Covid-19, many charities are finding they are close to the edge of the cliff. It is common to carry three months reserves and that time frame is counting down fast. Lack of liquidity and cash flow may already have triggered the going concern or cash flow insolvency test. T...
SIR’s and the Charity Commission for Northern Ireland
The Charity Commission for Northern Ireland has today announced that should any charity trustees decide that they are temporarily closing their charity due to the current COVID-19 situation and the effect it is having on its charity, there is no requirement to issue a Serious Incident Report to the...
Posted By: Jenny Ebbage
Communities Minister Deirdre Hargey MLA says her officials are urgently developing a Covid-19 Charities Fund, valued in the region of £15million, to help support those local charities that have been negatively impacted by the current Covid-19 crisis. A public announcement will be made once the...
Posted By: Sarah Burrows
Economy Minister Diane Dodds has today announced that £40 million is to be made available for a new Hardship Fund aimed at microbusinesses which have not been able to avail of the existing support schemes and which require financial support due to the impact of COVID-19. It is estimated aro...
