Charities

Insight / £1m fund to aid charities improve digital skills

The government has announced a new £1m fund to expand training programmes for charities so that employees and trustees can improve their digital skills, including developing social media presence and online fundraising

Insight / 55% of charities fail to assess board financial competence

A survey of 200 charities suggests that the governance competency of charities continues to be deficient in financial matters and are failing to take advantage of available guidance and training

Insight / Charity guidance issued on changing financial year

The Charity Commission has published guidance on the circumstances and procedures for charities wishing to change their financial year, which vary according to whether or not the charity is incorporated as a company

Insight / Charities: what needs to change in the Charities SORP? - part 6

Sarah Perrin ACA looks at the key questions being considered in the governance review of the Charity SORP committee and process now under way, including whether the SORP-making process commands confidence

Insight / NEST to offer pensions savings pilot for rainy days

High street retail services provider Timpson is the first company to sign up for a two-year pilot run by auto enrolment pensions body, the National Employment Savings Trust (NEST), looking at so-called ‘sidecar savings’ options as a way of increasing employees’ financial resilience

Insight / Trustees must display names on charity register from April 2019

From 1 April 2019 the name of all charity trustees will have to be displayed to the public on the charity register, unless a dispensation has been granted

Insight / Charities: reforming the Charity SORP accounting rules - part 5

Nigel Davies, joint chair of the Charities SORP committee, sets out the context of the committee’s goal to both keep the SORP current and further develop charity reporting and accounting to include the concerns of the public

Accounting / Charity accounts part 10: charitable companies

This article, the tenth in our series on charity accounts, will focus on charitable companies’ SORP requirements, including the need to produce a strategic report and what the summary income and expenditure account should include

Tax / Quarterly tax overpayments on pension withdrawals hit £38m

Savers continue to be over-taxed on pension withdrawals, with the latest HMRC statistics showing a record £38m was reclaimed in Q3 2018, amid call for the government to review the ‘emergency tax’ treatment of pension freedoms withdrawals

Accounting / Latest CPD module focuses on charity accounting

This month’s exclusive Accountancy Daily CPD module will look at the amendments to the Charity SORP, issued in Update Bulletin 2 by the Charity Commission

Insight / Charities: reducing the impact of Brexit - part 4

Helena Wilkinson FCA, partner at Price Bailey, considers the potential impact of Brexit on charities and what they can do to minimise the effects of a political situation which has great significance for charities that operate internationally

Tax / Budget 2018: small trading exemptions for charities to increase

From April 2019, the government is to introduce a series of measures to reduce cost and administrative burdens on charities in order to ensure that they are ‘able to maintain effective delivery of their charitable aims’

Accounting / Charity accounts part 9: audit

This article, the ninth in our series on charity accounts, will focus on what types of charities need to have audited accounts as well as covering Practice Note 11, accounting and financial standards and various filing methods. Helena Wilkinson and Iain Storey of Price Bailey explain

Accounting / Charities’ annual return deadline is a week away

There is just one week to go before the deadline for charities to make their 2017 annual return, the Charity Commission has warned, highlighting the additional requirements that will be present in future annual returns

Insight / Charities: governance and risk management - part 3

Identifying, understanding and managing potential risks is a key responsibility of charity trustees and should be integral to business planning, says Fiona Condron, partner at BDO
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