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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

On the fifth day of Christmas we look at Fundraising

The revised code of fundraising practice came into effect on 1 October 2019 and sets out the responsibilities that apply to fundraising by charities and 3rd party fundraisers in the UK. Charities subject to the audit requirements of the Charities Act 2011, are required to include compliance disclosures in the Trustee’s Report and where a charity… Read More

On the fourth day of Christmas we look at using Reserves to build Resilience / Financial Stability

All registered charities must explain their reserves policy including how much they need to hold and why. Where income is > £500,000 they must expand this statement to include a comparison of the amount held to that stated in the policy and any steps being taken to bring this in line if applicable. It is therefore important… Read More

On the third day of Christmas we look at Governing Documents and Charitable Objectives

It is important that each Trustee has their own copy of the governing document which they have read and can refer to as this is an essential document which contains: The charities objects (purposes) Charity’s powers to further its objects Trustee information – who, how many, appointment and removal Whether the charity has members and… Read More

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