Ideas, ponderings and news from the South West’s charity accountants

Gift Aid (part 2): The Technicalities

This is the second instalment of a two-part series where I review the ins and outs of Gift Aid for charities. Last time in Gift Aid: The Practicalities I considered: Establishing registration with HMRC Gift Aid declarations for your donors and record-keeping Completing a Gift Aid return This article looks at: Eligible donations Calculating what […]

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Charity Compliance Update – May 2018

It’s all about fraud prevention, GDPR and safeguarding guidance this month. Read on for your full sector compliance update. 10 top tips for fraud prevention The Charity Commission for England and Wales (CCEW) published a study about insider fraud and charities on 26 April 2018. The headline reads; “almost three quarters of insider frauds at […]

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Charity Compliance Update – April 2018

Consultation responses – hot off the press! Business Rates in multi-occupied properties The government’s response to a consultation around the proposed reinstatement of a practice by the Valuation Office Agency (VOA) – namely applying one rating assessment to contiguous (touching) business properties occupied by the same ratepayer – has been published this month. There has […]

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Charity Compliance Update – March 2018

This month’s instalment brings you updated fundraising guidance from OSCR, changes to FRS102 and financial reporting re subsidiary gift aid payments and the launch of a consultation around guidance for managing relationships with non-charitable connected parties. Don’t forget to scroll to the bottom for the latest on Sector consultations – including the new SORP consultation. […]

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Gift Aid (part 1): The Practicalities

In this, the first of a two-part article, I explore the administrative and practical side of registering and being registered for Gift Aid, including: Establishing registration with HMRC Gift Aid declarations for your donors and record-keeping Completing a Gift Aid return In the second instalment next month, I will be reviewing key Gift Aid technicalities, […]

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Getting your charity ready for year end

For many charities, 31 March 2018 will be the next financial year end to contend with. As charity specialist accountants and advisors, we understand the challenges faced by finance teams in the Sector when getting ready for year end – whether that be audit or Independent Examination. This article explores top tips for year-end preparation […]

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Charity Compliance Update – February 2018

It’s been a relatively quiet month regarding new consultations this month however, read on to get up to speed with updated automatic disqualification rules and revised HMRC VAT guidance around contracts versus grants. Automatic disqualification rules From 1 August 2018 changes to the automatic disqualification rules (for charities registered in England and Wales) mean that […]

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Commission reviews charity annual return 2018

The Charity Commission for England and Wales published the outcome of (and their responses to) their recent Annual return 2018 consultation on 2 January 2018. Changes apply to charities’ financial years starting on or after 1 January 2018 and are predominantly around how information is to be gathered from charities – namely: Changes to registered […]

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Charity Compliance Update – January 2018

This month’s update is all about the changes to the Annual Return 2018 for charities registered with the Charity Commission for England and Wales. Hot off the press, read on for changes to reporting requirements. In our consultations round-up this month we see two new key consultations around property matters. Annual return 2018 – consultation […]

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Changing your charity structure

In recent years, more and more newly-registered charities (in England and Wales) have started life as a Charitable Incorporated Organisation (CIO). Existing unincorporated charities – Trusts and Associations – have been able to convert to a CIO since the Charities Act 2011 was enacted however, until now, incorporated charities (those registered with Companies House in […]

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