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

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…)

Finding New Trustees

Posted on: January 9th, 2018 by Sarah Case No Comments

Welcome to 2018 and our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity.  Recognising the work The Charity Commission are undertaking to upskill both trustees and increased standards and governance throughout the sector we have focused our 2018 publication on Trustees. (more…)

11 Key Steps for Trustees, 1 Giant Leap for Your Charity – Month to Month Guide to Better Governance

Posted on: January 2nd, 2018 by Sarah Case No Comments

The Not for Profit sector is dealing with continued challenges from numerous directions. Changing legislation is placing a cost burden onto organisations that are already struggling with funding issues. Governance continues to be key in maintaining and developing a successful organisation and has never been more important in the third sector. Being alive to taxation changes has become imperative and the charity regulators are adopting a more rigorous approach. (more…)

Welsh advisory firm praised in annual charity satisfaction audit

Posted on: December 12th, 2017 by Sarah Case No Comments

A leading South Wales-based advisory firm has been recognised as one of the country’s top performing charity auditors in a leading UK industry survey.

MHA Broomfield Alexander was highlighted for ‘special mention’ in Charity Finance’s annual survey of more than 800 charities, ranking the it joint second for overall service and joint third for charity expertise, for firms that received 30 or more responses. In total, 36 of the firm’s charity clients responded to the survey. (more…)

Charities have historically struggled to plug the skills gap in south Wales

Posted on: November 17th, 2017 by Sarah Case No Comments

The one million trustees, supporting almost 200,000 charities across the UK, help to make the UK the sixth most giving country in the world. With Trustees’ Week (13-17 November 2017) upon us, Sarah Case, director at advisory firm MHA Broomfield Alexander, offers her experience on what makes a good trustee, the importance of financial skills and how individuals, as well as charities, can benefit from the experience. (more…)

VAT Alert: Charities will NOT be excluded from Making Tax Digital roll out

Posted on: November 14th, 2017 by Sarah Case No Comments

Broomfield & Alexander have been working extensively with our clients to move them to accounting software systems. This is in preparation for April 2019 when HMRC will expect VAT registered businesses to be able to pass their VAT return data across directly to HMRC in a digital format.

Liz Maher from Centurion VAT Specialists team – who works with us in supporting our Charity Sector clients – has passed news to us of a significant VAT change which will impact across the sector. (more…)