Charities

Accounting / Covid-19: charity SORP guidance issued

Charity trustees and preparers of charity accounts have been given new guidance by the SORP-making body, looking at the potential impact of the control measures to contain Covid-19 on their financial reporting, reports Pat Sweet

Insight / Q&A: what does UK lockdown mean for employers?

Now that the UK is in a complete nationwide lockdown, enforceable by law, Paul Holcroft, associate director at HR and employment law consultancy Croner, examines five key questions for employers to consider when employees are forced to home work

Tax / Government to pay 80% of salary for furloughed workers

The Chancellor has set out plans for a Coronavirus Job Retention Scheme to underwrite 80% of the salaries of workers if they have to be temporarily laid off, but the system could be open to abuse and details are limited, reports Sara White

Accounting / Charity annual return service open for 2020 accounts

The Charity Commission has released the 2020 charity annual return service to allow charities to start submitting annual accounts for 2019 year ends online

Insight / Pastor of religious charity must pay back £50k

The charity watchdog has ruled that an absence of trustees at the Redeemed Christian Church of God New Life Assembly left it without a governing body, leading to misappropriation of funds

Accounting / Shake-up of SORP charity accounting committee finalised

Regions and small charities will have more influence over the development of charity accounting rules following an overhaul of the Charities SORP committee but the number of members is barely reduced

Insight / Bristol housing charity underreported thousands in income

The trustees of a housing charity branded the ‘most prosecuted landlords in the UK’ have been found responsible for misconduct by the Charity Commission

Accounting / Why charity accounts should tell the story better

Transparent financial reporting in annual charity accounts produces more meaningful information and underpins their long-term stability, but how do you achieve this? Jonathan Orchard, partner, Sayer Vincent examines the key issues to consider when finalising charity accounts

Insight / Charity pair in doghouse over accounting failures

The charity watchdog has disqualified a married couple who were former trustees of a dog charity for serious misconduct, which meant over £300,000 in donations was unaccounted for

Insight / Regulator kicks off inquiry into governance at football charity

The Charity Commission has opened a statutory inquiry into the Professional Footballers’ Association Charity (PFAC) following concerns about governance and trustee conflicts of interest

Insight / Trustees struck off over £320k theft of funds

Founding trustees of Jole Rider Friends have been disqualified after they paid themselves almost a quarter of funds raised by their charity

Insight / Women’s charity investigated over financial management

The Charity Commission is investigating a women’s charity based in Nottingham over serious concerns that trustees are failing to operate the charity for the public benefit

Insight / One in four gift charity donation over Christmas present

Over the festive period 28% of people are planning to donate to charity rather than give presents, a YouGov study shows 

Insight / Regulator probes financial controls at education charity

The Charity Commission has launched an inquiry into Jamia Alfurqan Ltd after West Midlands Police raised serious concerns about the charity’s operations and financial management

Insight / Christian charity’s financial controls under investigation

A charity set up to advance Christianity has been ordered to bank all cash as part of an ongoing Charity Commission investigation into concerns about its financial controls
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