Latest Articles
Academies Accounts Direction 2020/21
On 31 March the Academies Accounts Direction 2020 to 2021 was published, along with a separate set of Academy Trust model accounts 2020 to 2021.
AGM Guidance
Although we now have a roadmap out of lockdown, it looks likely that charities will need to hold AGMs on a closed basis until at least 17 May and possibly until at least 21 June.
Budget 2021 - Charities
The Chancellor delivered his Budget speech on 3 March, with an attempt to balance the need to continue providing support to those affected by the COVID-19 pandemic, whilst raising taxes to meet the substantial costs that have been incurred in doing so.
Charity model accounts
Though there are no changes to the Charity SORP to report on, those preparing charity accounts might be interested to know that the model accounts published by the SORP Committee have been updated.
Fraud and the pandemic
A new helpsheet has been published by CCEW, the Fraud Advisory Panel and others that aims to highlight some of the key areas where charities may be vulnerable to fraud as a consequence of the COVID-19 pandemic.
The end is in sight!
For over a year now we have been working under exceptional circumstances as the country battles with the COVID-19 pandemic.
Charity reserves and sustainability
This month a report into the state of charity finances has raised serious concerns about the financial health of charities as lockdown restrictions start to be lifted.
Not for profit corporate structures – which one is best for us?
We often receive enquiries from small unincorporated not for profit organisations, such as clubs, who are growing and finding that they want to, or need to, review their structure. Sometimes they are taking on their first employees, or perhaps they need to rent a property.
Fundraising standards disclosure – how charities can get it right
The Fundraising Regulator has published updated guidance for charities on what they should be disclosing in their Trustees Report in connection with their fundraising activities.
Charity accounts and COVID-19 reporting
As more and more charities look to finalise their 2020 accounts, it is inevitable that the implications of the COVID-19 pandemic will have had an impact in some way on the charity’s activities and financial position, which will need to be appropriately reflected in the financial statements.
New academies accounts direction and academies financial handbook published
On 15 June the Academies Accounts Direction 2019/20 was published.
COVID-19 guidance update - Charities
In the current climate, the charity sector faces a particular challenge.