Charity News

We are specialist charity and not-for-profit accountants

Could a Charity merger be the answer for saving your charity?

Despite evidence that a merger can have a wide range of benefits in the not-for-profit sector, it seems to be an option that charities are shying away from. There are 167,000 registered charities in England and Wales – and this figure doesn’t include...

Trustees…Be Warned! New Charity Commission warnings

The Charity Commission used newly granted powers for the first time in mid-August to issue an official warning to the Trustees of a national charity. The matters picked up on by the Commission in their warning to the National Hereditary Breast Cancer...

VAT can be Charitable – here’s how your charity can save on VAT

Charities have always had challenges with Value Added Tax. There are, however, concessions available to charities which mean that some goods/services are not subjected to VAT, or are subjected to the lower rate of 5%. VAT Can be charitable. 1. Rent - If a...

Input Tax – Beware of the pitfalls!

VAT expert Tony Nickson outlines the pitfalls to avoid when reclaiming input VAT. 1. Reclaims for purchases made before VAT registration It is important to ensure that the maximum amount of input VAT is reclaimed on your business expenditure. This includes...

Staff from Hawsons Endeavour to help!

On Friday 16 June, Hawsons staff enjoyed a day out helping the Sheffield based charity, Endeavour, by carrying out various tasks such as gardening, cleaning, stripping paint and even dismantling a canoe rack. Endeavour have been working with some of England's...

What charities need to know about the new GDPR

The General Data Protection Regulation (GDPR) is set to come into force from in May 2018. It will replace the current Data Protection Act and is the biggest overhaul of data protection legislation for over 25 years. GDPR will change the way organisations process...

The Election result: What are the tax implications?

The general election has ended in a hung parliament – the Conservative party have the most seats but do not have an overall majority. Theresa May has announced that she will form a government with the support of the Democratic Unionist Party (DUP). What does this...

Leaving the EU could hit funding, charity leaders warn

According to a new study, over half of charity leaders believe that leaving the EU will have a negative impact on their funding opportunities, with a large number of UK charities and not-for-profit organisations having received substantial EU funding over the last...

Fundraising Regulator Levy not paid by a third of smaller charities

Almost a third - 600 of the 1,900 charities asked to contribute to the Fundraising Regulator's Levy are still yet to pay, according to the chair, Lord Grade. The Regulator's chair stated that the charities that have been asked to pay have either refused or not...

Changes to inheritance tax could impact charity legacies

According to the legacy consortium Remember a Charity, over 1,000 fewer individuals could donate to charities as part of their wills as a result of changes to inheritance tax allowances. In the 2015 summer Budget, a new inheritance tax framework was announced which...

Charity 2017 Budget review and analysis

The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. In his statement the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to the distinction between employed and self-employed...

Tax Rates and Allowances 2017/18

Tax Rates and Allowances 2017/18 Many of the tax rates and allowances are fundamental to our business and personal lives and the most important ones for the 2017/18 tax year are summarised here. We are sure that you will find it a useful point of reference throughout...

How technology may impact the charity sector in 2017

In this article we look at some of the ways in which technology may impact the charity sector over the next 12 months. Data security With the amount of hacking scandals that dominated the press last year, data security will continue to rank very high on the agenda in...

Charity Autumn Statement 2016 review

Philip Hammond presented what was to be his first and the last Autumn Statement on Wednesday 23rd November as he announced that going forward the budget will be in the Autumn with a Sprint Statement replacing the current one. In this article, we summarise the key...

Fundraising Regulator Levy

You may or may not have heard of the new regulator in the charity sector.  The Fundraising Regulator (FR) came into being in July 2016 and is now responsible for the Code of Fundraising Practice. This code sets out the standards expected of fundraising organisations...

The Autumn Statement 2016 predictions

The Autumn Statement 2016 on Wednesday is set to be an important event.  It will be the Chancellor’s first opportunity to outline his plans for taxes & spending in the wake of the Brexit vote. But what tax changes can we expect in the upcoming Autumn Statement? ...

Charities given proposals to tighten up fundraising rules

Following the negative press that rocked the charity sector in 2015, charities have been given proposals by a working group convened by charity umbrella body, the National Council For Voluntary Organisations (NCVO). The aims are to tighten up fundraising rules between...

Is your charity’s structure right for you?

When setting up your charity's structure, it is important that you consider your options carefully. Broadly, there are four structures people tend to choose from, these are; charitable company, charitable incorporated organisation, charitable trust and an...

Avoiding Grant Gremlins

Grant audits and examinations can be highly technical, specialised, and subject to very detailed reporting requirements and specified work programmes. Below we highlight 6 practical points to help you avoid those 'Grant Gremlins' that can cause hold ups in reporting...

New polymer banknotes start circulation with £5 note

The 13th September marked the first day of the brand new polymer banknotes being issued. The £5 note is the first of the banknotes to be launched in England and Wales. The polymer made banknotes are much more durable than the old banknotes and can withstand getting...

Challenges charities and trustees face in 2016

Many charitable organisations are being tasked with doing more with less, resulting in increasing pressures for trustees. The charity sector is clearly facing challenging times, and this article summarises some of the key challenges facing the charities and trustees...

Brexit: significant implications for the charity sector?

Now Brexit is confirmed, many charities and non-for-profit organisations may be thinking about how the UK’s exit from the European Union may impact them. The impacts for the charity sector on the back of Brexit will of course be wide ranging, depending on how...

Brexit: tax implications as the UK votes to leave the EU

From the argument over selling bendy bananas to the threat of an emergency Budget, the EU referendum campaign has undoubtedly had its share of the headlines over the past couple of months. The biggest headline now though is of course that the UK has voted to leave the...

Gift Aid rules 2016 – new Gift Aid declaration wording for donors

The Gift Aid scheme is now 25 years old and is worth a great deal to the charity sector. In its first year charities benefited from £10 million of tax savings but, with substantial increases, the savings were worth nearly £1.2 billion in 2014/15. However, HMRC is...

Business benefits of donating to charity – including tax breaks

This article provides detailed guidance to some of the business benefits of donating to charity, with a particular focus on tax breaks, recruitment and retention and customer/client engagement. Purpose of this article For business owners: the benefits of donating to...

New EU GDPR rules – 12 things you should be doing to prepare

After over four long years of political processes, detailed discussions and business lobbying, the final text of the new EU General Data Protection Regulation (GDPR) rules was released in April 2016. As nearly all businesses and other entities use some form of...

How to maximise the generous tax reliefs for charities

There can be generous tax reliefs for charities, but only if the charity is correctly set up and run. HMRC have recently updated their guidance on the tax treatment of charities so it’s timely to review the current tax position. Qualifying conditions To be a charity...

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