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  • Wednesday, August 05, 2020 8:06 AM | Farah Mendlesohn (Administrator)

    Struggling charities are being bolstered by an outpouring of public support with one in five people giving to good causes in the last three months.


    Read More: 

  • Wednesday, August 05, 2020 7:36 AM | Farah Mendlesohn (Administrator)

    04 August 2020 by Stephen Delahunty

    Just 4 per cent of small international development charities have been eligible for government support, network says

    Dozens of UK charities working in international development are expected to close over the next 12 months as a result of the Government’s £2.9 billion global development budget cut, an aid network has warned.

    survey of 53 small international development charities with annual incomes of between £5,000 and £1m, carried out by the Small International Development Charities Network (SIDCN) in June this year, found that despite nearly three quarters (72 per cent) of respondents seeing demand for their services increase, funding opportunities were rapidly disappearing.

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  • Tuesday, July 14, 2020 8:29 AM | Farah Mendlesohn (Administrator)

    Don Bawtree and Peter Lewis give some advice on adapting financial reporting to deal with the issues caused by the Covid-19 pandemic. - See more.

    Advice on income Accounting:

    • Grants
    • Donated Services
    • Waivers
    • Income conversions

    Expenditure: Furloughed staff costs

    Liabilities

    Assets

  • Tuesday, July 14, 2020 8:17 AM | Farah Mendlesohn (Administrator)

    Charity finances are stagnating following falls recording in the first months of the coronavirus lockdown, according to ACEVO.

    The charity chief executives organisation has linked up with the Centre for Mental Health to ask charities in England and Wales how their finances have changed in recent months. Read More.

    The most recent advice from the Charity Commission is that IEs and Auditors should not regard loss of income per se as a serious incident, but that if it leads to an inability to provide services to vulnerable beneficiaries, or results in insolvency or a high likelihood of insolvency over the next 12 months it is a serious and reportable incident.






  • Tuesday, June 30, 2020 9:29 AM | Farah Mendlesohn (Administrator)

     A new post within a well-established Accountancy Practice with a significant Charities portfolio , this is a part-time position attracting 15 hours to be worked as agreed.

    To support the Director in the Charities / Not for Profit sector (NFP) .  Experience of  all aspects of Charity accounts and regulation , VAT, and Gift Aid.  Understanding of other areas of the NFP sector including Community Benefit Societies , Community Interest companies and similar organisations.

    Customer liaison point for new clients throughout the practice.

    Fully conversant with Microsoft Word and  Excel.  Working with colleagues towards the end product and compliance.  Excellent organisational and customer service skills, good verbal and written communication, day to day support to colleagues and Directors.

    Further details see www.kmaccountants.co.uk or info@kmaccountants.co.uk


  • Tuesday, June 23, 2020 10:34 AM | Farah Mendlesohn (Administrator)

    Charity Times Leadership Conference 2020
    Making Powerful Choices in a Changing Environment

    05 October 2020

    The Waldorf Hilton Hotel

    The annual Charity Times Conference returns in 2020, but not as you know it. Following the success of last year’s theme, The Future of Charity Leadership, the brand new Charity Times Leadership Conference seeks to continue the discussion around influential leadership, offering interactive workshops, case studies, panel discussions and plenty of practical advice on the tools needed to be an inspirational leader.

    Whether you’re a chief executive, chair, trustee, director or head of department, the decisions you make have the power to influence your charity’s income, culture, reputation and impact. Failure to make the right decisions at the right time can put your charity at risk, but making strong decisions within an appropriate timeframe can lead to a surge in support, an increase in income, a stronger reputation and a happier workforce – sometimes in as little as a day. Join us for this interactive one-day conference to hear from some of the sector’s most inspirational leaders and to learn how to make more impactful decisions in a world of unprecedented choice.

    Topics include:
    - Reputation and ethics: the power of saying no
    - Wellbeing: managing stress in the workplace
    - Technology: are you wasting money on the wrong tools?
    - Crisis avoidance: using transparent reporting
    - Safeguarding: putting measures in place to protect your charity
    - Investment: the risks are changing – but is your strategy?
    - Culture: empowerment and allowing others to make the big decisions
    - Governance: to merge or not to merge?
    - Trusteeship: managing board time more effectively

    For the latest news and updates follow us @CharityTimes #CTconference


  • Thursday, April 23, 2020 10:28 AM | Farah Mendlesohn (Administrator)

    UK Regulators have updated their joint guidance on Matters of Material Significance reportable to UK charity regulators.

    Any person appointed as an independent examiner or auditor for a charity has a duty to report matters of material significance to their respective charity regulator. The guidance explains what the matters of material significance are and provides some further explanation of each of the matters. It has been jointly published by the Scottish Charity Regulator (OSCR), the Charity Commission for England and Wales (CCEW) and the Charity Commission for Northern Ireland (CCNI).

    This latest update:

    • clarifies the timing of when to report
    • sets out considerations where non audit work is undertaken by the external auditor
    • more clearly links reporting to materiality in the context of the financial statements (accounts), and
    • deals with the requirement to report when the charity trustees have already reported the matter(s).
    You can access ‘Matters of Material Significance reportable to UK charity regulators’ here.




  • Tuesday, April 21, 2020 12:12 PM | Farah Mendlesohn (Administrator)

    The Response, Recovery and Resilience Fund is aimed at helping charities organisations through what are unprecedented times. The primary focus of the fund is to support groups that are adapting to local needs such as projects reaching vulnerable people that are self-isolating, vital help for foodbanks, aid for community response co-ordination, the purchase of safety equipment for caring groups and funds for those supporting health and wellbeing needs with Covid-19.

    Third Force News: Read More


  • Tuesday, April 21, 2020 12:11 PM | Farah Mendlesohn (Administrator)

    The UK Government has taken the unprecedented decision to allow employers to furlough employees and apply for a grant that will pay 80% of the employee's PAYE salary up to the value of £2,500. 

    The first two lines of the Government guidance reads as follows: If you cannot maintain your current workforce because your operations have been severely affected by coronavirus (COVID-19), you can furlough employees and apply for a grant. The keywords that the Government and businesses need to look at here are "cannot" and "severely". In short, this action is only to be taken if your business is unable to proceed during this crisis and would become bankrupt or experience severe financial difficulty if this action were not taken.

    However, there are some very important conditions that must be met in order for this grant to be accepted. 

    Furloughed staff cannot perform any work while furloughed. Phone calls cannot be taken, emails cannot be read or replied to, social media accounts cannot be updated. All of these actions constitute work. Critically, it's highly likely that the Government will audit many firms and staff who applied for grants during this time. This will happen in a year or so, when the immediate crisis has passed, and if they find any evidence that the business continued to run then it is highly likely that they will attempt to claim back the grant money through taxes.

    When it comes to voluntary work, the guidance is as follows: A furloughed employee can take part in volunteer work, if it does not provide services to or generate revenue for, or on behalf of your organisation. Your organisation can agree to find furloughed employees new work or volunteering opportunities whilst on furlough if this is in line with public health guidance.

    A. E. Radley

    The bottom line is, if you have been furloughed then you mustn't do any work. In doing so, you run the risk of invalidating your claim for a grant and then it will be reclaimed in the future. 

    • The key guidance for EMPLOYERS on the principles of CJRS (which is being regularly updated) is at: www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

    • There is a step-by-step guide for employers (7 page PDF) at: www.gov.uk/government/publications/coronavirus-job-retention-scheme-step-by-step-guide-for-employers

    • Details of how to calculate the 80% salary costs (see below for more on this) are at: www.gov.uk/guidance/work-out-80-of-your-employees-wages-to-claim-through-the-coronavirus-job- retention-scheme including a useful online calculator being made available from 20 April.



  • Wednesday, April 08, 2020 8:38 AM | Farah Mendlesohn (Administrator)

    Company Debt has put together a list of the packages available for small businesses at this time.

    Read More

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The Association of Charity Independent Examiners

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