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Effective stewardship of charity assets – are you getting the right advice?

Most charities remain under constant pressure to grow and protect income alongside the value of capital assets. Ensuring that the real value of income and capital are protected enables your charity to do more and helps to safeguard your future. With other sources of funding under increased threat, income from investment portfolios is playing a… Read More

Charity Commission – Matters of Material Significance

The Charity Commission’s key focus over the last year has been to improve public trust in Charities through transparency in both the accounts they file and the story they present. The Commission remain concerned that charities advisers are not reporting “reportable matters” when they arise. Charity Trustees have a duty to appoint an independent examiner… Read More

Charity Structures

A Charity’s structure can often be something that is not revisited by Trustees. The structure that was most suitable when the charitable activities were first set up, may not be the most appropriate format now, as the charity may have evolved and grown in a manner or at a pace that was not originally envisaged…. Read More

Gift Aid – Have you made your claim?

Charities and Community Amateur Sports Clubs (CASC’s) are potentially able to recover 25p for each £1 of donation they receive. To be eligible to register with HMRC to claim gift aid you must be either a UK CASC, or a charity based in the UK (or the EU, Iceland, Liechtenstein or Norway – pre Brexit),… Read More

What examination of your charity accounts do you legally require?

We are all creatures of habit and know how easy it is to continue doing things in a certain way because “that’s what we’ve always done”. The same habits can be applied to the preparation and examination of the year end financial statements. For some charities, there is no need to revisit what level of… Read More

Charities – Are you ready for Making Tax Digital?

There has been much news regarding being prepared for Making Tax Digital for VAT (MTD-VAT). VAT registered entities (charitable or not) with turnover above the VAT threshold (currently £85,000) will need to keep their records digitally and send their VAT return data to HRMC using MTD-compatible software for VAT periods commencing on or after 1… Read More

Charities Commission Annual Return Update

Many charities have now been through the new Annual Returns process at Charities Commission.  This has been the most significant update to the information required in a number of years and reflects the Commissions aim to increase transparency and accountability.  The most significant changes will occur for the 2018 returns, however some proposals will not become mandatory… Read More

General Data Protection Regulation – Charities’ responsibilities and protection

‘Data is the new oil’ is a phrase that has been heard many times in recent years but for some, charities and small businesses in particular, data may feel like more of a burden. In this article we will explore the impact of the General Data Protection Regulation (GDPR) on day to day administration of… Read More

The new charities annual returns

Many charities are due to file their annual return and for many charities this will be their first experience of the new and improved return. Charities that have an annual income of over £10,000 or is a charitable incorporated organisation, are required to file an annual return with the Charity Commission, no later than 10 months… Read More

Charity Fundraising (CC20)

Charities rely on donations from the public. However, relying on money from the public comes with its issues. The public trust that the charity will ensure the money is collected in the correct way and also used for the correct purpose in which it was offered. Trustees have the overall responsibility and are accountable to… Read More

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