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Charity trustees need greater financial understanding, says leading charity finance expert during online webinar
Trustees of charities need to have a greater understanding of the financial position of their organisations than ever before – that was the key message heard by over 100 charities during a webinar hosted jointly by the Norfolk Community Foundation and Lovewell Blake.
The survey looked at the impact of the pandemic amongst other things.
Since the pandemic hit in March 2020, the Charity Commission have offered filing extensions to charities who have been unable to meet their filing deadlines for COVID-19 related reasons. These extensions have had no fixed end date.
Charities could be missing out on thousands of pounds in pandemic-related insurance payouts, says leading charity finance expert
Charities should be checking their insurance policies after it emerged that some organisations could be missing out on business interruption cover payments totalling tens or even hundreds of thousands of pounds as a result of the lockdown, according to a leading charity finance specialist.
The Academies Financial Handbook 2021 has now been published.
Small charities with employees are often unaware that they are eligible for the Employment Allowance. This enables them to reduce their annual National Insurance liability by up to £4,000, so long as their total NI liabilities were less than £100,000 in the previous tax year. Unincorporated charities and Community Action Sports Clubs are also eligible.
With many charities having experienced significant financial challenges due to the Covid pandemic, a leading philanthropic organisation is hosting a special webinar featuring one of the county’s top charity finance experts, to help charities understand the importance of sound budgeting, as well as receive tips on ensuring financial compliance in a challenging environment.