We are saddened to hear of the sudden death of Adrienne Arlie. Adrienne was one of the absolutely key people in the early days of ACIE. She served on the Council (trustees) for many years, getting early trains from Glasgow to get down to Yorkshire for Council meetings. She chaired the Membership Committee for many years and she acted as Convenor of 'ACIE Scotland' - the initiative to give ACIE a real presence north of the border. She was for many years the main person behind the ACIE Scottish Conference Vice-Chair for many years.
There is more information here.
The Charity Commission News no 63 included important information regarding the obligations of Charity Trustees to prevent facilitating illegal tax evasion.
We have summarised the content here and urge Community members and trustees to become familiar with this content:
In a very complex decision, Eynsham Cricket Club have lost their four year case to secure VAT relief on the rebuild of their club house, on the grounds that they are not a charity but CASC. However, the court has ruled that if they had been a charity then they would have been eligible, not withstanding that the primary and preferred users are club members, as long as the facilities are available to the community.
Graham Elliot at Charity Tax Group offers a dissection of the case.
We are delighted to collaborate with AAT South Wales on a *free* CPD Training event in Cardiff, 21st March 2020. Topics include avoiding fraud in the charity sector and meeting the @ChtyCommission's benchmark standards for Independent Examination.
This is rather big news and could have significant fall out for Charities both in terms of costs and the reliability of site identification:
Special report The sale of one of the internet’s most popular registries to a private equity firm has revived concerns over how the domain name system is governed.
At the end of last week, the Internet Society (ISOC) announced that it has sold the rights to the .org registry for an undisclosed sum to a private equity company called Ethos Capital. The deal is set to complete in the first quarter of next year.
The decision shocked the internet industry, not least because the .org registry has always been operated on a non-profit basis and has actively marketed itself as such. The suffix “org” on an internet address – and there are over 10 million of them – has become synonymous with non-profit organizations.
It's presumably safe to assume that if someone is employing an IE they have a concern for probity, but this case is interesting: if you are running a charity be clear who owns what, and make sure all your collaborations are visible in the accounts and analysis: Christ Embassy.
“It is legitimate and healthy for charities to speak up for the causes they serve. But appearing to take a political position on either side could risk undermining public confidence in charity as something special, an issue which our chief executive made clear in her recent blog.” - See more here.
As part of ensuring our compliance with GDPR we are undertaking an overhaul of the membership and contacts database. Please don't be alarmed if you receive requests to add information, or emails checking you do still want to be listed in certain places. We've deleted a lot of duplicate fields and that means we merged a lot of information.
Deputy Chair Susan Robinson writes: The Times and Sky News have been focusing on the amount of ‘money’ some of the large military charities have been sitting on. The analysis of these reports is somewhat flawed as they have not fully understood the difference on unrestricted reserves and free reserves nor the longer term requirements of the work that they will be doing with beneficiaries over a number of years. What it does emphasise is the importance have having a clear stated and understandable reserve policy in the Trustee Report. Further the report should be clear on what they are doing and will need to do in the future.
Times article here.
In light of recent criticism aimed squarely at the auditing profession, the FRC has beefed up its going concern requirements for audits commencing 15 December. In the first of a two-part series, Steve Collings takes a look at some of the changes.
Full article here: https://www.accountingweb.co.uk/business/financial-reporting/frc-toughens-going-concern-requirements-part-1#.XZ2fNlQD-Dw.twitter
The Association of Charity Independent Examiners
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