Social Purpose and Non Profits resource library
Briefings, reports, newsletters and updates covering governance, reserves and reporting, charity accounting, tax, fraud and risk.
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Charities Alert
Our newsletter provides an update on the latest charity news and key announcements that you may need to act on.
The key areas covered in this issue are Governance, Compliance, Financial Reporting and Taxation.
Governance
How charities can navigate current challenges in the sector.
Outlining the key areas of focus for operating in a ‘VUCA’ world.
Guidance on managing solvency crises and preventative measures.
What can charities do to build and maintain an ethical culture?
Good governance is always expected, but it should never stifle.
The Financial Reporting Council's new corporate governance code has lessons for charities on the importance of fostering a good culture.
New challenges that require specific attention need to be considered and as they impact on charities in a number of ways.
Charities need to factor the uncertainty into in their future planning and make good lasting decisions.
What charities and non profits need to do to comply with the new regulations from 25 May 2018.
Is your management information fit for purpose, you need to consider the new guidance published by the Charity Commission.
To continue to hold the public's trust, charities require good corporate govenance which means effective boards.
Where to start to develop an effect strategic plan, and some tools to help you.
Explaining the optimum size for governing board effectiveness.
Reserves and reporting
This guidance will help Trustees and management meet the statutory and other financial requirements.
New requirements mean that larger organisations must adhere to new disclosures as part of their annual reporting.
Now more than ever charities are focusing on results, reducing costs, focusing on efficiencies and on innovation.
The operating environment is more challenging than ever, with increasing regulation, falling income and increasing costs.
A review of accounts of a few charities and purports to show that not enough of the income is going on charitable expenditure.
Part of the challenge for charities is in most cases your aims are less visible and quantifiable than those for a commercial organisation.
Focus on the management of strategic reserves should be built into your charity's planning cycle.
Impact reporting for charities is complex and requires a subtle analysis on a case by case basis.
The reporting of outputs, outcomes and impacts currently has a great focus in the non profit world.
Charities need to make a genuine attempt to formulate a reserves policy and understand how this be be impacted in the short term.
In the uncertain economic conditions there has been necessarily been a great emphasis across the charity sector on financial monitoring,
The tough economic times are forcing charities to look hard at their reserves policy.
Charity accounting
Understand the FX issues impacting INGOs
We look at Income Recognition and answer the frequently asked questions.
What UK charities need to know who receive foreign currency income.
Charities have lost the public’s trust in recent months, so reporting on what matters has never been more important.
The Charities Sorp (FRS 102) Financial Reporting Disclosure checklist for charities.
Accounting for multi-year grant commitment principles in charity financial reporting considerations.
Understanding and adhering to the principles of fund accounting is critical for charities and the financial accounts..
Using your annual accounts to tell your charity's story.
Tax
The background, what charities need to do, deadlines and registering for charity trusts.
Charities can improve the tax value of buildings they sell, and should then be able to negotiate a better price.
This information sheet is based on legislation published up to and including 5 April 2019.
This paper explains the background, considers the issues, discusses the concerns and highlights some of the complexities of the existing regime.
With a number of changes having been made to the tax system, what role does Gift Aid play now?
Guidance explaining the issues and solutions following the updated guidance on Charity Trading.
Fraud
Fraud in charity does exist, but "prevention, detection, response" is the best way to combat it.
The initial stages of a fraud investigation are incredibly important - the do and don'ts.
Risk
How risk management is particularly important for charities.
Working with charities in these areas has led us to identify certain hallmarks of risk aware organisations.
Pesh Framjee looks at risk registers and how to get value from the process.
How can charities use risk management to add real value.
Independent schools and academies
All higher/further education providers will no longer accept that in these sectors accommodation is customary from 6 April 2019.
Schools must either take action to try and avoid future increases by exiting TPS scheme.
Our VAT team outline the top 5 VAT issues for schools in 2019.