The development of the first International Non-Profit Accounting Guidance (INPAG) for non-profit entities has progressed into a third and final consultation. Currently, no international accounting guidance exists for non-profit organisations. What issues does...
Latest News
Formal volunteering falls to an all-time low
A recent analysis by Pro Bono Economics (PBE) has found that rates of formal volunteering have reached an all-time low as 40% of charities report that volunteering numbers have been insufficient to enable them to meet their main objectives in the last 12 months. Small...
Differences between business and charity accounts
Navigating the financial landscape can be complex, especially when it comes to managing accounts for different types of organisation. While both business and charity financial reporting is essential for their respective entities, they serve distinct purposes and...
Charity Finance Group announce project to develop investment principles
On 6th December, the Charity Finance Group announced their Charity Investment Principles project. These Charity Investment Principles will be created by charity sector experts and will aim to support trustees when it comes to making difficult charity investment...
Fundraising Regulator proposes an increase to the Fundraising Levy
On the 6th December, the Fundraising Regulator announced that it is looking to review a proposed increase to the Fundraising Levy in the charity sector for the first time since 2016. What is the Fundraising Levy? The Fundraising Levy raises the majority of the...
Charity sector income decreases for the first time since 2013
New research has found that charity sector income in the UK has shrunk for the first time in eight years for the 2020/21 tax year. It is thought that smaller charities have been affected the most due to the impact of the pandemic. The UK Civil Society Almanac 2023 has...
CC14: Updated Guidance for Trustees Investing Charity Money
Managing and investing charity funds is a delicate balancing act. Trustees have a responsibility to ensure that funds are invested in a manner that aligns with the charitable purpose of the organisation whilst maximising returns. On 1st August 2023, the Charity...
Increase in Whistleblowing to the Charity Commission
Whistleblowing plays a vital role in exposing wrongdoing, fostering transparency, and holding organisations accountable. Whistleblowing occurs when individuals within an organization bring to attention unethical or illegal practices, aiming to expose them to the...
How can charity trustees avoid scrutiny from the regulator?
Charity trustees have recently come under scrutiny from the regulator, which is a reminder to trustees that they need to keep detailed and up to date accounting records to maintain a positive, transparent relationship. Only recently a compliance case was launched...
First International Non-Profit Accounting Guidance enters final consultation
The development of the first International Non-Profit Accounting Guidance (INPAG) for non-profit entities has progressed into a third and final consultation. Currently, no international accounting guidance exists for non-profit organisations. What issues does...
Formal volunteering falls to an all-time low
A recent analysis by Pro Bono Economics (PBE) has found that rates of formal volunteering have reached an all-time low as 40% of charities report that volunteering numbers have been insufficient to enable them to meet their main objectives in the last 12 months. Small...
Differences between business and charity accounts
Navigating the financial landscape can be complex, especially when it comes to managing accounts for different types of organisation. While both business and charity financial reporting is essential for their respective entities, they serve distinct purposes and...