Charities

Insight / Charity Commission calls for counter-fraud culture

The Charity Commission is urging charities to ensure staff maintain tight financial controls and challenge any concerning behaviour, after a study found lack of internal oversight, and placing excessive trust or responsibility in individuals, contributed to 70% of insider frauds

Insight / Tough charity funding environment calls for sharper finance skills

Charities are reporting increased competition for funding, amid concerns that pressure on cashflow could hit future services and the ability to hire skilled staff, while financial controls need to be tightened, according to research by RSM

Insight / Charity Commission investigates RNIB over safeguarding concerns

The Charity Commission is investigating the Royal National Institute of Blind People (RNIB) and its subsidiary charity, RNIB Charity, over concerns about the safeguarding of vulnerable beneficiaries

Insight / Regulator raises accounts filing concerns at Blackburn charity

The Charity Commission has opened a statutory inquiry into The Islamic Educational Society of Blackburn over concerns about the charity’s repeated failure to file statutory accounting information on time

Insight / Safeguarding concerns see regulator install interim manager at charities

The Charity Commission has appointed an interim manager to Ampleforth Abbey and the St Laurence Education Trust as a result of continued concerns about the extent to which current safeguarding risks to pupils at the schools run by the charities are being adequately managed

Insight / Consultancy revenue hits £3bn at top accounting firms

The consulting arms of UK accounting firms, notably the Big Four, accounted for nearly 40% of all revenues earned in the UK consulting market in 2017, winning the majority of the work in the financial services market and representing the fastest growing firm segment, according to a report from Source Global Research

Insight / How can accountancy and finance professionals boost their earnings?

Over half of accountants and finance professionals say they are dissatisfied with their salaries, but achieving a reasonable pay rise requires effort and determination, from improving skillsets to identifying opportunities at current employers, or even taking the plunge and looking for a new job. Karen Young, director of Hays Accountancy & Finance gives tips and advice on how to secure a pay rise

Tax / HMRC says charities missing out on £600m gift aid

HMRC is urging people to ensure they declare gift aid when giving money to charity, after its research found charities are losing out on extra funding worth nearly £600m a year because a third of eligible donations are overlooked

Audit / Fewer charities report modified audit opinion

Fewer charities overall are filing accounts with a modified audit opinion, meaning that their accounts are, or may be, materially misstated, but it is a ‘particular concern’ that 40% of those that do have done so for two consecutive years, the Charity Commission has found

Tax / First review of charity tax treatment for 20 years

The Charity Tax Commission is seeking views on whether and how the tax treatment of charities, estimated to be worth around £3.7bn a year, needs to be reformed

Insight / Employer auto enrolment contribution set to double

Auto enrolment pension contributions are set to double for employers from April and companies will have to pay a minimum contribution of 2% from the 2018-19 tax year

Insight / Kenya support charity investigated over financial concerns

The Charity Commission has opened a statutory inquiry into the Kenya Community Support Network and frozen the charity’s bank account, after concerns emerged that the charity was being used for significant private benefit

Insight / Non-disclosure agreements: what you need to know

Beth Hale & Nick Hawkins of CM Murray LLP examine the pros and cons of non-disclosure agreements (NDA) in employment contracts in light of recent scandals and consider how they these legally binding documents can protect businesses and minimise disputes

Accounting / Commission investigates charity’s accounts filing failure

The Charity Commission has opened a statutory inquiry into The Great Generation over concerns about the charity’s persistent failure to file its accounts on time

Insight / Charities urged to take action on safeguarding issues

The government and the Charity Commission have stressed the need for charities to take urgent action around safeguarding, in response to public outcry over recent revelations around sexual exploitation by individuals involved in international aid agencies, domestic charities and high street charity shops
Subscribe