Ged Devlin
@DevlinGed
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| Work | Social Economy - all things social investment & community shares | Live | #Salford | All views my own |#socinv #comshares #socent
The North West. London a bit
Joined May 2013
Peter Alexander Jobson in session with Riley & Coe Tomorrow Wed 20.11.24 from 9pm x Get Some x Love Pete xx Links to my music: https://t.co/GwRFzkDMZ6
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Not seen a lot of coverage in the sector press on this, but just know @Hargraver would have had an angle! 👇🏻 Naomi Campbell banned from being charity trustee
theguardian.com
Model barred for five years after watchdog found evidence of financial misconduct at charity she fronted
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'Halifax isn’t necessarily the most affluent area, and on paper this should just not work. But that’s why economists don’t organise live music events.' Could have been a car park. Thankfully it isn't @ThePieceHall.
theguardian.com
Noel Gallagher and the Stranglers are among this week’s acts at the Piece Hall, once the centre of the Yorkshire textile industry and now the UK’s go-to live venue
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Working with partners @KeyFund @TheSocialInvest & @resonanceltd we’ve been working on delivering the £300m fund improving local youth facilities across the country
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There is a section on the Youth Investment Fund Key Fund are proud to have allocated over £50m across 90 sites, predominantly in the North West, Yorkshire, and the Humber
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…. The evidence in this investigation meant that the level of misconduct and/or mismanagement was serious enough to warrant this action.”
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The Charity Commission statement; “As a fair, independent and evidence-led regulator, we only disqualify someone from serving as a trustee or a senior manager in a charity when the evidence gathered means it is proportionate and lawful to do so…..
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Captain Tom’s daughter and her husband banned from being charity trustees
theguardian.com
Hannah and Colin Ingram-Moore disqualified by Charity Commission, family says
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Guardian reporting that Captain Tom's daughter has been banned from being a charity trustee. Good moment to re-up this 3.5 years ago. It was trade press, as so often, which ignored the fawning and saw the failures. https://t.co/QZwoNyUetz
civilsociety.co.uk
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Q: Captain Tom Foundation: Why is there no decision on charity? A: quite normal for complex or high-profile statutory inquiries to take longer than 2 years
bbc.co.uk
The statutory inquiry has reached a two-year milestone but was expected to conclude earlier this year.
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(Noted it’s not a direct comparison with direct, retail investment in charities and social enterprises, and why I’d still like to see a successor to SITR, one of the few policy interventions we’ve seen that was solely for the social economy in the past decade)
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See also @nicktemple1 ‘s take here 👇🏻 I think it’s a great point on how @TheSocialInvest (and others) have used existing schemes to get cash to social enterprises, such as the government's guarantee scheme
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If the sector is going to see socially motivated, retail investment going into social enterprises to the tune of the £500m figure over 5 years, it probably won’t look like the similar sort of investment people put into the more corporate schemes
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I think predicting it would be “worth £500m over 5 years” - which were some of the numbers thrown around was always a lot. Performing as it does (£5m p/a to 40 orgs) means it’s not too dissimilar to what many CDFIs do
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Some pretty giddy predictions at the introduction of this relief - and maybe these would have been met if the relief wasn’t so restrictive for social enterprises that could have made use of it - See in particular 1.) Community Energy 2.) Community Assets
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Wonder if many in the Community Shares space just started to use [the less rigid?] EIS / SEIS schemes ? Anyone know @ComShares ? Is there any data on who used which tax reliefs on share issues?
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The Advanced Assurance applications tailed off hugely from ‘16 / ‘17
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