A four-month consultation on a new draft charity Statement of Recommended Practice (Sorp) is underway. The existing Sorp has been in place since 2005 but following an overhaul of accounting rules, there has been the issue of a new Financial Reporting Standard, FRS 102, in March this year by the Financial Reporting Council. This … Continued
Charity Strategic Planning workshop
We held this free event on Monday 8 July at The Gateway Conference Centre on London Road, Liverpool. The workshop was aimed at helping charities succesfully create a strategic plan. Attended by a range of charity trustees and excutives, Sean Barrett of Sean Barrett Management Consultants led attendees through a framework for creating a plan and helping them to … Continued
Gift aid in charity shops
HMRC have highlighted the contents of their guidance on claiming Gift Aid on donations of goods to charity which are then sold by the charity, which perhaps suggests that the correct procedures have not always been followed. You must get the procedures correct, and as an example Gift Aid applies only to gifts of money … Continued
Charity Commission consults on proposals to change Annual Return
On 22 May 2013 the Charity Commission launched a consultation on proposals to introduce changes to the Annual Return and the content of the Register of Charities for 2014 onwards. All registered charities with an income of £10,000 and above are currently required to submit an Annual Return, which is used to strengthen the Commission’s … Continued
Law Commission review of Charity Legislation underway
The review is expected to examine five issues highlighted by Lord Hodgson’s review of the Charities Act 2006, including whether some of the Charity Commission’s powers should be reformed. The Law Commission expects to review some of the powers of the Charity Commission and the charity tribunal as part of its review of charity law. … Continued
Charities’ accounts to be opened to public
The government is to require the accounts of all registered charities in England and Wales to be open to the public starting from March 2014. The published data, already collected by the Charity Commission, will include headline income and expenditure for all charities, while charities with revenues over GBP500,000 will have to show how much … Continued
Free access to the postcode database
From July this year small charities will no longer have to pay to use the Royal Mail’s Postcode Address File, which is the file contains the 24 million address details of everyone in the UK. Royal Mail is simplifying access to and pricing of the Postcode Address File (PAF) , in collaboration with the … Continued
Free seminar for charities on strategic planning
FREE workshop for our charity clients and friends Date: Monday 8 July, 5pm – 7pm Location: The Gateway Conference Centre, 71 London Road, Liverpool L3 8HY This seminar is ideal for executives and trustees of any charities and not for profit organisations who recognise the importance of planning yet may not have formulated their thinking … Continued
Charities Act 2006 and the Public Benefit Test
A recent report by a Commons Committee has criticised the implementation of the Charities Act 2006. The 2006 Act put an obligation on the Charity Commission to produce public benefit guidance. The Committee have now criticised the way the Commission has interpreted public benefit and suggests it is for Parliament to determine the criteria for … Continued
Charity seminar a great success
On Monday 15th April we held a free seminar for our charity clients and friends at the Gateway Conference Centre on London Road. The topic was Finance and Legalities for charities and covered many of the basics to help trustees and executives find their way in this often complex area. The seminar was well attended with over 50 guests … Continued