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

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

YOUR CHARITY FAQS ANSWERED – Property accounting and asset leasing

Have you ever started a conversation with your accountant by saying; “This may be a stupid question but….”? Typically, these questions are the things which matter most to you at that point in time and therefore deserve to be explored and answered. In this new quarterly series, I will explore questions posed by our charity […]

Read More

Charity Compliance Update – July 2017

Fundraising Preference Service launches The Fundraising Regulator launched their Fundraising Preference Service on 6 July 2017. A member of the public can now visit the Regulator’s website and submit a request to cease communication from a specific charity/ies of their choice. More vulnerable members of the public, or for those without access to the internet, can call […]

Read More

The GFC big Summer update – free stuff, tech news and more

Welcome to our Summer update – read on for Sector updates galore, free stuff and GFC news. 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 Gift Aid and the Gift Aid Small Donations Scheme, Digital advice for […]

Read More

The GFC Spring/ Summer 2017 Charity Newsletter

Hot off the press we bring you our Spring/ Summer 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 […]

Read More

How Charities Could Make Better Use Of Designated Funds

Designated funds – an area still sometimes shrouded in a little mystery for charities but, in my opinion, an under-utilised tool. It is still somewhat of a surprise how many organisations are all over their restricted and unrestricted funds, yet few actively engage with the possibility of designating funds. Beyond that there is sometimes even […]

Read More

Charity Compliance Update: Small Charity Week is here!

It’s Small Charity week this week (19th to 24th June), celebrating and raising awareness of the essential work of the UK’s small charity sector. To find out more about the origins of the event click here. In the meantime, here’s an overview of each day’s activities. I love Small charities Day – 19th June Big […]

Read More