• image1
    You are never alone. Our business consultants will help guide you with excellent advice.
    Read More...
  • image7
    Whether you walk or run, we match our service to suit your pace.
    Read More...
  • image6
    Tax advice with local and global perspectives.
    Read More...
  • image5
    Great advice to help you make the right moves.
    Read More...
  • image8
    We are there right from the start to help you get moving.
    Read More...
  • image3
    Taking care of back office functions so you do not lose focus of the important stuff.
    Read More...
  • image4
    We are a local business but our clients are widespread.
    Read More...
  • image2
    We are more than just accountants. Understanding your business is one of our objectives.
    Read More...

Section Areas

Additional funding for charities and social enterprise

Source: HM Treasury | | 26/05/2020

The government's dormant assets scheme allows money in accounts that have been dormant for at least 15 years to be made available for certain qualifying charitable and community causes.

The Culture Secretary, Oliver Dowden has announced that £150 million from dormant bank and building society accounts is to be unlocked to help charities, social enterprises and vulnerable individuals during the Coronavirus outbreak.

The £150 million charity injection is made up of the accelerated release of £71 million of new funds from dormant accounts alongside £79 million already unlocked that will be repurposed to help charities’ Coronavirus response and recovery.

The money will be used to support urgent work to tackle youth unemployment, expand access to emergency loans for civil society organisations and help improve the availability of fair, affordable credit to people in vulnerable circumstances.

Since the scheme was launched in 2011 over £600 million has been distributed to good causes. However, it is important to note that the original account holder retains the rights to repayment of any monies within the scheme after providing satisfactory proof that the money is theirs.