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BUDGET 2016 and working towards becoming an academy

In last week’s budget the Government reiterated its aim that every English state school be released from local council control and turned into an academy by 2020. School governing bodies nationwide have been aware of this proposal for some time and many will have been considering when would be the best time for them to… Read More

Dafferns Supporting Breast Cancer Care in 2016

The Breast Cancer Care charity is fundamental in helping people affected by breast cancer – looking after the needs of patients, their families and friends at this really difficult time. Every year the team at Dafferns select a charity to support for the year. 2016 will see us getting involved, raising money and adding awareness… Read More

Dafferns’ event raises £1,400 for Zoe’s Place Baby Hospice

Dafferns’ staff, friends and family members met on the evening Friday 25th September 2015 to take part in a fun-packed, James Bond-themed casino night with the purpose of raising money for Dafferns’ chosen charity of the year – Zoe’s Place Baby Hospice. The glamorous evening of high stakes was held at Sports ConneXion in Ryton… Read More

Dafferns’ tournament raises £700 for Zoe’s Place Baby Hospice

Professionals from across Coventry and Warwickshire met on Tuesday 7th July 2015 to compete in a sporting challenge raising money for the local charity Zoe’s Place Baby Hospice. The annual Dafferns Tennis and Table Tennis Tournament at Leamington Spa Lawn Tennis and Squash Club raised an impressive £700 for the charity. Around 40 competitors, drawn from Dafferns’… Read More

Charities: The 2015 Budget

There were many analogies in the Chancellor’s budget to “fixing the roof while the sun shines”, but it appears that we can take him at his word as he announced a trebling of the monies set aside to support church roof appeals. Air ambulance services and charities supporting veterans also look set to benefit from… Read More

Donations by a subsidiary to its parent charity

Many charities have used trading subsidiaries as a vehicle to mitigate corporation tax on trading profits.Taxable profits earned can be reduced by the payment of a donation by the subsidiary to its parent charity. There has recently been new guidance and counsel opinion over the lawfulness and treatment where a subsidiary donates all its taxable profits to… Read More

New Charities SORPs

On 16 July 2014 new versions of the Statement of Recommended Practice (SORP) were published and will apply to accounts of charities for financial years commencing after 1 January 2015. This has resulted in two versions:- –        One based on a new Financial Reporting Standard known as FRS102. The FRS102 SORP. –        One for smaller… Read More

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