Category: Charity

Comments Off on Free half day seminar ‘Autumn Charity Update’

Free half day seminar ‘Autumn Charity Update’

With so much going on in the charity sector we have invited an excellent line-up of speakers to provide updates and share their expert opinions on some of the key topical issues: Charity law updates Leadership and mental toughness Team building and employee engagement Finance updates and more Date         Tuesday 4 October 2016 Timings   Breakfast … Continued

Comments Off on Charity Commission consults on external scrutiny of charity accounts

Charity Commission consults on external scrutiny of charity accounts

The Charity Commission has issued a consultation on changes to guidance on the external scrutiny of charity accounts and the introduction of a simpler format for the examiner’s report to improve transparency The proposals set out in the Directions and guidance for independent examination, CC32, includes proposals to revise the rules on examiner independence, conflicts … Continued

Comments Off on Charity regulators kick off SORP consultation

Charity regulators kick off SORP consultation

The Charity Commission and the Office of the Scottish Charity Regulator have launched a consultation on possible improvements to the new charities Statement of Recommended Practice (SORP) for reporting and accounting ahead of the next round of planned updates to UK accounting standards The consultation is looking at the SORP’s structure, format and accessibility; any … Continued

Comments Off on Charities unaware of reporting obligations

Charities unaware of reporting obligations

Charities unaware of reporting obligations

Many charities are unaware of their reporting obligations with 1 in 5 having submitted the wrong documents, according to research by the Charity Commission. 1 in 6 did not send any form of report and others only sent their annual reports and accounts after reminders and explanations from the commission. Nigel Davies, head of accountancy … Continued

Comments Off on PSC Register and Incorporated Charities

PSC Register and Incorporated Charities

From 6 April 2016, new regulations require all UK companies, including charitable companies, to keep a register of those people who own or have significant control over them. All companies subject to the new rules will also have to file relevant details with Companies House from 30 June 2016. Charities and social enterprises established as … Continued

Comments Off on Free half day seminar ‘Spring Charity Update’

Free half day seminar ‘Spring Charity Update’

With so much going on in the charity sector we have invited an excellent line-up of speakers to provide updates and share their expert opinions on some of the key topical issues: Key Performance Indicators (KPIs) and dashboard Case study on co-designing and implementing a dashboard Recruiting a truly effective board An introduction to charity … Continued

Comments Off on Charity Commission updates finance guidance for trustees

Charity Commission updates finance guidance for trustees

Charity Commission updates finance guidance for trustees

The Charity Commission has published updated finance guidance for trustees, designed to streamline and clarify its advice ahead of a full review of the guidance later this year. It has updated three publications. The first covers managing financial difficulties and recommends that trustees review the charity’s financial position and its performance against budgets and future … Continued

Comments Off on The Gift Aid rules for donated goods and charity shops

The Gift Aid rules for donated goods and charity shops

HMRC has published updated guidance notes for charities, together with a set of updated Gift Aid templates for the use of charity shops. ​The guidance notes explain how the tax system operates for charities, including how to set up and run a charity. ​The latest changes are all in Chapter 3 of the guidance notes, … Continued

Comments Off on New Big Lottery £10m fund

New Big Lottery £10m fund

The Big Lottery Fund has launched the £10m Big Potential Advanced Fund. The new ‘Advanced’ route is an extension to Big Lottery Fund’s existing investment readiness programme; Big Potential. It will be supporting organisations at a more advanced stage in their social investment journey, looking to raise larger investments of over £500,000 as well as … Continued

Comments Off on New consultation on the Charities SORPs

New consultation on the Charities SORPs

A new consultation on three different matters as set out below that affect the SORPs opened on 18 June and will last 3 months to 18 September 2015. Charities SORP (FRS 102) Due to changes in UK-Irish Generally Accepted Accounting Practice the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) … Continued