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Charity News

We are specialist charity and not-for-profit accountants

Charity SORP – FRSSE SORP v FRS 102 SORP – what’s changed?

What's changed with the latest charity SORP? This is designed to act as a brief synopsis of the changes arising from the implementation of the two new versions of the Charities Statement of Recommended Practice (SORP). These are designated as the Charities SORP (FRS...

Cuts in public funding to hit small charities hardest

New research has shown that the smallest charities in the UK – those with annual incomes of between £25,000 and £1m – have been the worst affected by the recent cuts in public funding. Smaller charities the hardest hit Recent research published by the Lloyds Bank...

Charity 2016 Budget review and analysis for trustees

Welcome to our charity 2016 Budget review Following a year in which the Chancellor had a pre-election Budget in March, a surprise summer Budget in July and an Autumn Statement in November, on 16 March the Chancellor delivered his first Budget of 2016. In this...

Tax Rates and allowances 2016/17 – summary and details

Tax Rates and Allowances 2016/17 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2016/17 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

2015/16 year-end tax planning advice for owners and individuals

2015/16 year-end tax planning advice Would you like the opportunity to reduce the taxman’s take from your own and your family’s income? If so please continue on to read our year-end tax planning advice. Carrying out an annual review of your tax affairs could...

Charity fundraising guidance revised as public trust at 8-year low

On the back of concerns over charitable fundraising, the Charity Commission is currently consulting on its revised draft charity fundraising guidance. The commission is seeking views on its revised guidance for CC20 - "charity fundraising: a guide to trustee duties" -...

Important changes to Employment Allowance from 6 April 2016

The changes to Employment Allowance The National Insurance Contributions (NIC) Employment Allowance was introduced from 6 April 2014. It is an annual allowance which is available to many employers and can be offset against their employer's NIC liability. From April...

43% of charities fail to report charitable expenditure correctly

A new report from the Charity Commission (published on 19 August 2015) found that a large number of charities are under-reporting charitable expenditure, failing to submit accurate records in both their annual accounts and annual reports. The report, which examined...

Gift aid payments from trading arms to the parent charity

There is a lot happening with Gift Aid at the moment and it is important that charities keep on top of the issue. If you haven’t already, please sign-up to receive our charity e-news and we will keep you updated with any ongoing developments. Update to CC35: Trading...

Housing case highlights complicated charity VAT exemptions

VAT is a constant focus in the charity sector and presents a wide range of different challenges and issues for charitable organisations. The unique and valuable VAT reliefs that are available to charities are detailed and tightly defined, as a recent housing example...

Charity Autumn Statement 2015 review

On 25 November, the Chancellor delivered his latest Autumn Statement. In a year which has already seen two Budgets and a General Election, and the possible anticipated focus on gift aid, it is with some trepidation that charities awaited this year's Autumn Statement....

Non-financial trustees lessons from Kids Company

The high-profile closure of Kids Company has seen the charity and the government come under intense scrutiny regarding funding, governance and financial management. Following its closure on 5 August 2015 there have been some serious allegations concerning the running...

How can (and should) charities embrace the digital era?

Is it time for charities embrace the digital era? Should charities embrace the digital era? Whether you are a new charity or have been around for many years, there are many instances where technology can help your charity enhance performance and grow, whether it’s...

The role of a trustee – guidance and advice

What is the role of a trustee? One of the biggest challenges for charities and trustees, which we only briefly mentioned in our 2015/16 challenges outlook, is determining where trustee involvement should begin and end. This is particularly important for small and...

Challenges for charities in 2015/16

What are the challenges for charities in 2015/16? See our latest charity challenges article here. Although not all charities have seen an improvement in their financial performance amidst a backdrop of economic uncertainty, the picture remains largely positive....

Q&A: Lessons for trustees after Kids Company closure

The news that Kids Company has closed down is a devastating blow to everyone involved. Following the closure we spoke to Hawsons’ three charity partners,  Paul Wormald, Richard Burkimsher and Simon Bladen to get their thoughts on what lessons trustees can learn from...

FAQ: A guide to trustee recruitment

Trustee recruitment is arguably one of the most important governance challenges that any board at a charitable organisation is likely to face. Trustees are the people who lead charities, the people who decide how the charity is run and, ultimately, the people who...

Are charities really prepared for auto enrolment?

Are charities really prepared for auto enrolment? The law on workplace pensions has changed and by 2017 every organisation in the UK, including charities, must automatically enrol their employees. The ability of pension providers to provide solutions is becoming a...

New VAT refund scheme for certain charities

In Finance Act 2015 the government introduced a VAT refund scheme for palliative care charities, search and rescue charities, air ambulance charities and medical courier charities. The scheme came into effect from 1 April 2015. The legislation itself is brief and many...

Urgent appeal: save multi-million pound charity scheme

A scheme which has provided millions of pounds’ worth of support to community groups across the East Midlands is in danger of closure. ProHelp gives local groups, clubs and charities free access to a wide range of professional services they wouldn’t otherwise be able...

Commission releases updated annual return form

The Charity Commission has now released its updated annual return, which includes new questions regarding the level of income charities receive from government (central of local) grants and contracts, the charity’s staff pay policies and details on the charity’s...

Partner offers first thoughts on the new Charities Bill

The Charities (Protection and Social Investment) Bill was introduced in the House of Lords on 28 May 2015. "A bill that would protect charities from serious abuse and give charities the power to make social investments has been introduced." The Bill would protect...

Charity audit threshold doubles

The Government has recently released their response to a consultation on charity audit and independent examination thresholds. The annual income threshold has doubled from £500,000 to £1m, after a majority of consultation responses supported the change. The Government...

Tax Rates and allowances 2015/16 – summary and details

Tax Rates and Allowances 2015/16 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2015/16 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

A Summary of the Charities SORP – FRS 102 & FRSSE

This document is designed to act as a brief synopsis of the changes arising from the implementation of the two new versions of the Charities Statement of Recommended Practice (SORP). These are designated as the Charities SORP (FRS 102) and the Charities SORP (FRSSE)....

The Price, Detection and Prevention of Charity Fraud

The vulnerability and price of fraud No sectors are immune to fraud and the charity sector is no different. In fact, charities can sometimes be seen as soft targets. Some of the possible reasons for this include: To a certain degree, many charities still rely on...

Cyber security risks for charities & not-for-profit

Charities need to be aware of the risk of significant fines of up to £500,000 which can be issued by the Information Commissioner’s Office (ICO). Credit card numbers, bank account details, names and addresses, national insurance numbers and dates of birth are some of...

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