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BBC News
07-08-2025
- Business
- BBC News
West Midlands heritage buildings get repairs funding
A former pub and indoor market are among the "neglected historic buildings" in the West Midlands that have received funding for Grade II-listed Burslem Indoor Market in Stoke-on-Trent has received £1m for renovations from Historic England, while the Golden Lion in Birmingham's Cannon Hill Park, also Grade II-listed, has been awarded £344, Manor House, one of only three Grade I-listed buildings in Sandwell, will get £200,000 and the Grade II-listed Bethesda Methodist Chapel in Stoke-on-Trent was awarded £521, were among 37 historical buildings and sites across England to receive a share of £15m from the Heritage at Risk Capital Fund. Historic England said the sites were "at the heart of local communities", with many providing spaces for education, arts and local funding scheme, run by the organisation in partnership with the Department for Culture, Media and Sport, aims to prevent the "irreversible loss of England's built heritage". Louise Brennan, of Historic England, said: "Thanks to the extra funding from the Heritage at Risk Capital Fund, we are able to breathe new life into neglected historic buildings that we haven't been able to help through our existing grant schemes."She said the initiative would boost economic growth and also "create amazing opportunities" for people in some of England's most disadvantaged areas."We're thrilled to support projects that harness the power of heritage to make a real difference where it's needed most," she added. Follow BBC Stoke & Staffordshire on BBC Sounds, Facebook, X and Instagram.
Yahoo
21-06-2025
- Business
- Yahoo
ACCA proposes decennial review of charity financial thresholds
The Association of Chartered Certified Accountants (ACCA) has proposed that the UK Government should undertake a review of the financial thresholds for charities every ten years. This recommendation was put forward in response to a consultation by the Department for Culture, Media and Sport (DCMS), concerning the financial criteria that dictate various reporting and auditing requirements for charities. ACCA has advocated for the establishment of common thresholds across multiple regulatory matters to reduce complexity and enhance clarity for charities. The association has stressed the efforts to reduce administrative requirements for smaller organisations are important, they must be balanced with the need to maintain effective governance and oversight of the charitable sector. Inflation and changes in the economic landscape have rendered the current thresholds, unchanged since 2015, outdated. ACCA suggests that the gross annual income threshold for mandatory audits should be raised from £1m to £1.5m to reflect these changes. The body also calls for a coordinated approach to setting financial thresholds across the UK, urging DCMS to engage in dialogue with authorities in Northern Ireland and Scotland. This is aimed at exchange of best practices in the charity sector, ACCA said. In Scotland, the proposed increase of the audit threshold from £500,000 to £1m follows a government consultation, aligning it more closely with the threshold in England and Wales, which ACCA suggests should be increased further to £1.5m. The current variance between the jurisdictions means that smaller Scottish charities allocate a higher proportion of their income to audit expenses compared to larger charities. ACCA technical and strategic engagement head Glenn Collins said: 'It is important that financial thresholds are proportionate for smaller charities. A periodic, systematic review is essential to ensure the regulatory environment evolves with the sector. Our recommendations aim to balance accountability and fairness, freeing up vital resources to function.' Earlier in June 2025, ACCA urged the European Commission to streamline the Sustainable Finance Disclosure Regulation (SFDR) and reduce its reporting requirements. "ACCA proposes decennial review of charity financial thresholds " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
