Charity Finance delivered a report in September assessing how well charities did in lockdown. The key take aways;
Charity Finance’s October included a report on transparent reporting. This remains poor, with particular concerns around:
Manchester Community Central (Macc) is Manchester's equivalent to BVSC. They have recently published a fascinating report, entitled No Going Back, in which Chief Executives from 22 VCS organisations reflect on their experiences of C-19. Read the Report.
ACIE Training in 2020-2021
Go to: https://www.acie.org.uk/events for all bookings.
Building your Independent Examination skills.
This course uses a case study, practical exercises and brings in your experience covering key areas of concern in Independent Examination:
· Materiality and risk
· Adequacy of records
· Vouching & analytical review
· Qualification of reports
We will look at the above areas of concern alongside the ACIE workbook so you understand how this resource can support your IE practice. We are aiming to build confidence in your practice.
Friday, 13 November 20
Thursday, 21 January 21
Wednesday, 17 March 21
Thursday, 15 July 21
Wednesday, 9 December 20
Tuesday, 15 December 20
Tuesday, 9 February 21
Friday, 12 February 21
Tuesday, 13 April 21
Thursday, 22 April 21
Friday, 21 May 21
Tuesday, 15 June 21
Wednesday, 23 June 21
Tuesday, 20 July 21
Trading, Taxation and VAT Tuesday, 6 October 20
Governance and Charity Law Tuesday, Tuesday, 3 November 20
Fraud and Independent Examination Tuesday, 29 June 21How to Read a Set of Accounts for Independent Examination Monday, 10 May 21
Receipts and Payments Sunday, 21 February 21
Reserves and Covid Wednesday, 28 October 20
Serious Incident Reporting Monday, 19 April 21
Taking on a New Client. Thursday, 18 March 21
Thinking of Becoming an Independent Examiner? Monday, 14 December 20
VAT changes Thursday, 26 November 20
Scotland, 26 August 2021
England and Wales, 28 October 2021
Booking at: https://www.acie.org.uk/events
Please direct all enquiries to Admin@acie.org.uk
Russell Hargreaves at Charity Finance reports that low levels of reserves meant some of the UK’s largest charities were “ill-prepared” for the impact of Covid-19, according to analysis by the accountancy firm BDO. The charities in the review held an average of two months of free reserves going into the pandemic, compared to three months when BDO last conducted the survey in 2017, the research says. The analysis, which looked at the finances of the 50 largest UK charities by income, also finds that as many as one in three could be breaking regulatory rules by not reporting their level of free reserves in their annual accounts. - See more.
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.
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.
A 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.
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:
Expenditure: Furloughed staff costs
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.
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 email@example.com
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.
- 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
The Association of Charity Independent Examiners
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Registered Charity in England & Wales No: 1139609
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Telephone: 0131 659 9751 or 07899 891616 Email: firstname.lastname@example.org
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