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

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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Charity Compliance Update – December 2017

Charity Compliance Update

Reporting matters of interest – regulator guidance published On 22 November 2017 the UK’s charity regulators – being Charity Commission of Northern Ireland, Charity Commission for England and Wales and the Office of the Scottish Charity Regulator – published joint guidance for auditors and independent examiners around the reporting of matters of interest. Examples of […]

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The GFC Autumn update – free stuff, tech news and more

Download our latest charity newsletter In this issue we consider the impact of fundraising regulation, relevant consultations and legislative changes. We also include an update on free and low cost training for charities on fundraising matters. Do get in touch if you require any guidance on charity issues. Jen nominated! We are thrilled to announce […]

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The GFC Autumn 2017 Charity Newsletter

Hot off the press we bring you our Autumn 2017 charity newsletter. Sit back with a cuppa and review our roundup of the latest accounting, taxation and governance issues affecting charities across the United Kingdom. In this issue we consider the impact of fundraising regulation, relevant consultations and legislative changes. We also include an update […]

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Charity Compliance Update – November 2017

Can you believe it’s Trustees Week again? This year’s celebrations take place between 13 and 17 November. Keep an eye on the Trustees’ Week web page here for more info about what’s on nationally. It has also been a busy few weeks on the consultation front, with a few new key consultations being launched – […]

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How to structure your charity’s chart of accounts – part 2

Your charity’s Chart of Accounts (COA) is the collective term for your list of nominal ledger accounts, which can be grouped in to certain categories – such as income, expenditure, assets, liabilities and funds – forming the basis for your organisation’s financial reporting. Last time in How to structure your charity’s chart of accounts Part […]

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Charity Compliance Update – October 2017

This month it’s all about reporting to the regulators. Reporting serious incidents in charities – updated guidance for trustees On 22 September the Charity Commission for England and Wales published a feedback and response document to its consultation around the reporting of serious incidents in charities. The consultation closed on 12 January 2017. The feedback […]

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How to structure your charity’s chart of accounts – part 1

Your charity’s Chart of Accounts (COA) is the collective term for your list of nominal ledger accounts, which can be grouped in to certain categories – such as income, expenditure, assets, liabilities and funds – forming the basis for your organisation’s financial reporting. From time to time it is prudent to review your COA and […]

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Charity Compliance Update – September 2017

This month your charity sector compliance update includes key changes to Independent Examination guidelines. Hot off the press, make sure you don’t get caught out by the implementation timescales noted below. We also note with interest the launching of a 2018 Annual Return consultation by the Charity Commission for England and Wales, following the 2017 […]

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Charity Compliance Update – August 2017

Charity Compliance update

Here’s your monthly charity sector compliance update – albeit following a quieter month for our regulators. SORP 2019 unlikely Since the launch of the Statement of Recommended Practice (SORP) 2015 FRS102, the Sector has been waiting with baited breath to see when the next update would happen. It was widely anticipated that there would be […]

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