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Trust is baked into the Charity Commission's purpose


Paul Latham, Director of Communications and Policy at the Charity Commission, tells ICAEW Insights that increasing trust in the sector is a key driver for the organisation that regulates around 170,000 charities.
Trust is built into the legislation that governs the work of the Charity Commission, which has a statutory objective to increase public trust and confidence in charities.
“Our role is not merely about maintaining trust and confidence in charities,” says Paul Latham, Director of Communications and Policy at the Charity Commission. “It s about increasing trust. That is a really important driver for us as a regulator and our strategic purpose as an organisation is to ensure that charities can thrive and inspire trust so that people can improve lives and strengthen society.” ....

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Trust in charities: working towards a global standard


IFR4NPO is an initiative to develop global financial reporting guidance for non-profit organisations. It is spearheaded by Humentum and CIPFA to heighten transparency and enhance trust.
If donors do not have access to consistent, high-quality, accurate financial information, why would they continue to invest? This is a top concern for non-profit organisations (NPOs) globally and a concern that Humentum and CIPFA aim to put to rest through the development of an international non-profit reporting standard.
Humentum itself is a non-profit working with humanitarian and development organisations to improve how they operate. It is located across several continents but ICAEW member Samantha Musoke, Humentum s Project Director IFR4NPO, is based in Uganda where the flow of donations through non-profit organisations is vital, and so is the reporting of it. ....

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