By

Deborah Austin

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Fraud and Cybercrime

We are hearing daily of individuals going above and beyond to raise funds for charities supporting the most in need. Who of us will ever forget the amazing Captain Tom Moore who in his 100th year would not be bowed by the current situation? Sadly, for everyone one of these amazing individuals there are those… Read More

Using virtual meetings – the new “business as usual” model

When the UK was initially advised that it would be in a state of lockdown with social distancing measures in place and there would be no non-essential travel, many did not anticipate this extending beyond April. Frequently the decision was taken to delay or defer meetings until after lockdown was lifted. For many this was… Read More

Leveraging Technology – Flexible accounting using cloud-based software

Financial During the current crisis, it has never been more important for businesses and charities to have up to date access to their financial information to support them in making important decisions. Over the last few years we have been supporting many of our charity and not for profit sector clients in migrating their financial… Read More

On the eleventh day of Christmas we look at Making Tax Digital for VAT

Businesses that were deferred for MTD VAT need to now start thinking about the MTD sign up process as you will need to file under MTD for the first VAT return that begins on or after 1st October 2019. So the first quarterly MTD submission for deferred businesses will be the December 2019 return. The… Read More

On the twelfth day of Christmas we look at Managing Risk

Anything that could adversely affect your charity carrying out its plans or achieving its purpose is a risk. Trustees are required to ensure risk is managed so that the charity is not exposed to undue risk. To assist Trustees the Charity Commission has produced this guidance, click here to access. This document uses the following… Read More

On the tenth day of Christmas we look at Payments to Charity Trustees

An area where charities can often come unstuck is payments to Trustees. There are 4 potential types of payment: Payments of out of pocket expenses Payment for role as Trustee Payment for professional services / work Payment to a connected person The Charity should have a formal policy / process for claiming reasonable out of… Read More

On the ninth day of Christmas we look at Related Parties

Trustees are aware they must always act in the best interests of the charity and not for any private benefit. It is therefore important that all related party transactions are identified and conflicts of interest properly handled. A recent review by the Charity Commission identified “…a significant proportion of charities are not fully reporting their related party… Read More

On the eighth day of Christmas we look at Conflicts of Interest and Loyalty

A conflict of interest arises where a personal interest could, or could appear, to prevent a Trustee from making a decision in a charity’s best interest; where there is no financial benefit there could still be a conflict of loyalty. Conflicts of interest can arise where there is a transfer of money between the Trustee… Read More

On the seventh day of Christmas we look at GDPR

The GDPR regulations came into effect in May 2018 which we reported on, in an earlier edition of Spotlight on Charities. The Information Commissioners Office have reported ”…most data breaches and complaints we have seen across all sectors, including charities, have been in relation to subject access requests, disclosure of data and security.” In response… Read More

On the sixth day of Christmas we look at Cyber Crime

Cyber crime involves attacks on or through computer systems and networks. Charities need to be vigilant and make sure appropriate defences are in place which includes raising awareness with their Trustee’s, staff and volunteers. The UK Government Cyber security breaches survey identified over 80% of charities had been subject to some form of attack in 2018. The… Read More

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