Archive for the ‘Charity & Not-for-Profit’ Category

Trading and Tax

Posted on: June 1st, 2018 by Sarah Case No Comments

Month six of our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity looks at charities, trading and tax.

Charities are associated with giving, but most also actively trade. In fact, the sector gains twice as much income from trading as it does from donations. (more…)

Trustees Meetings and Decision Making

Posted on: May 10th, 2018 by Sarah Case No Comments

Month five of our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity focuses on trustee meetings and decision making.

Best intentions do not always equal good governance. Arriving at your meeting unprepared is potentially short-changing your charity and could result in ineffective decision making, creating a risk to the charity and possibly you as a trustee, both individually and collectively. You only need to read a few of the Charity Commission’s updates to appreciate the issues arising from poor decision making. (more…)

GDPR is on its way and will affect every organisation in the UK

Posted on: April 10th, 2018 by Sarah Case No Comments

The General Data Protection Regulation (GDPR) will replace the current Data Protection Act from 25th May 2018.

This new Regulation will make it essential for organisations to have effective information governance procedures and breach strategies in place. (more…)

Investments

Posted on: April 10th, 2018 by Sarah Case No Comments

Month four of our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity focuses on investments.

The decision of how much, when and what to invest in can be a challenging one for trustees. You must consider the current cash demands of the charity, the need for regular income and the desire for capital growth. These factors need to be considered alongside investment risk.  (more…)

Why is reputation important for a charity?

Posted on: March 26th, 2018 by Sarah Case No Comments

By now, everyone will have seen the reports about Oxfam, and the resulting damage to its reputation. Donations to Oxfam have certainly been hit but it appears that donations to charities in general may fall as the public’s mistrust of charities increases. (more…)

Collaborative Working and Mergers

Posted on: March 6th, 2018 by Sarah Case No Comments

Month three of our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity Focuses on collaborative working and mergers.

Have you ever thought that there could be advantages to be gained by your charity from working with another charity? (more…)

Charity Commission consultation: have your say!

Posted on: March 6th, 2018 by Sarah Case No Comments

Open consultation: Charities that are connected with non-charitable organisations

The Charity Commission has opened a consultation about new guidance to help charities manage their relationships with connected non-charitable organisations. The new guidance is closely based on the core trustee duties as explained in the regulator’s existing guidance, and sets out principles for trustees to follow.

Respond to the consultation (more…)

Should charities ever refuse or return a donation?

Posted on: February 20th, 2018 by Joanne Taylor No Comments

So when should you, as a charity, consider returning (or not accepting) a donation and what should be done to check the source of donations?  (more…)

Internal Financial Controls

Posted on: February 7th, 2018 by Sarah Case No Comments

Month two of our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity Focuses on “Internal Financial Controls”. (more…)

Giving to charity in life and death

Posted on: January 10th, 2018 by Sarah Case No Comments

How to include charitable donations in your tax planning strategy.

Incorporating charitable giving into your tax planning strategy can be a useful way to reduce both your income tax and the inheritance tax (IHT) that will eventually become payable on your estate.

As such, gifts may become an important component of both the estate planning process and the more immediate goals of reducing your income tax bill.

You can make charitable gifts at any time during your lifetime and posthumous gifts can be written into your will. (more…)