13 January 2021: COVID-19 has increased demand for charity services while impacting revenue-raising opportunities. Helena Wilkinson, Head of Charities at Price Bailey, suggests the impact is likely to be even greater in 2021 and outlines actions charities can take to manage financial sustainability.
Coronavirus and charities
The coronavirus COVID-19 epidemic is affecting charities and volunteer organisations. This page gathers ICAEW insights and externally-produced resources providing practical information on managing charity finances and delivering services safely.
The ICAEW has two communities in this sector that may be of assistance:
New helpsheet for charities on keeping themselves safe in the pandemic and beyond, issued in December 2020 by the Fraud Advisory Panel, the Charity Commission, the National Cyber Security Centre and others.
The Kruger report recognises the contribution of charities and volunteers in the support of communities during the COVID-crisis and sets out 20 recommendations for a new social covenant.
The COVID-19 pandemic may place subsidiaries in financial difficulty, leading to a greater need for letters of support.
Charity begins at home finding positives in a pandemic
How has charity auditing and financial reporting been affected by COVID-19? Sudhir Singh discovers that the pandemic could lead to improved quality of the remote audit as parties.
Charity retail in recovery
Shop closures during lockdown left a hole in charities’ budgets, but continued rate reliefs and an extension to the retail grant scheme would help charity shops recover.
20 October 2020: Heightened levels of uncertainty combined with the hugely increased number of people working from home has created a perfect storm for fraudsters in the charity world, reports Mark Blayney Stuart.
Audit monitoring report 2020
This webinar, with Hopes and Homes for Children COO Mark Shadrack, is a chance to share experiences and reflections on the financial management response to COVID-19 from an international charity, Hopes and Homes for Children. Hear practical experiences of dealing with the impact of COVID-19 from the perspective of both a Trustee and a Finance leader. This will include the impact and actions taken relating to income, expenditure and liquidity.
15 September 2020: Choices made in the aftermath of COVID-19 will shape society for decades to come. So, being clear about the objectives of a green recovery is vital to ensure actions lead to desired outcomes. Here, Michael Holder writes about the charity angle
Guidance issued jointly by the UK Charity Regulators to assist Independent Examiners with some of the considerations that may arise due to the impact of the COVID-19 virus. Covers restrictions on access to records; access to those in management and control of the charity; risk factors; implications for the examiner's report; sign off and filing of accounts.
This update considers the potential impact of COVID-19 on the yet to be published annual reports and financial statements of charities.
Guidance for trustees and preparers of charity accounts produced by the SORP-making body. The briefing highlights the potential impact of control measures to contain COVID-19 on financial reporting by charities and discusses the implications for trustees' annual reports, going concern and the alternative basis to going concern when preparing accounts under the Charities SORP.
Any charity that needs an extension to their annual return deadline can contact the Charity Commission to ask for one.
Charities across the UK will receive a £750 million package of support to ensure they can continue their vital work during the coronavirus outbreak, Chancellor Rishi Sunak has announced.
Statement and news from funding organisations and trusts regarding the coronavirus situation.
The Greater London Authority and the City Bridge Trust have contributed £1m each to launch a new fund to support London’s voluntary sector.
This list features funding to help individuals affected, charities hit by a drop in income, and to support medical research into tackling or ameliorating the virus.
Civil Society News has collated some of the funding being made available for charities during the Covid-19 pandemic.
A summary of some of the actions charitable foundations have taken in response to the COVID-19 emergency.
Tips and resources for chairing an online meeting.
The Office of the Regulator of Community Interest Companies (CICs) has robust plans in place to maintain services for CICs and protect the welfare of employees during the Coronavirus (COVID-19) outbreak.
A quick guide for trustees and directors of public service mutuals and co-operatives concerned about solvency and wondering how to approach it in the immediate crisis caused by the coronavirus shutdown.
This brief guide to trustee meetings aims to help you get the procedure right while procedures cannot be currently followed to the letter of the law.
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Six online training modules covering the duties, obligations, operational and strategic considerations of trustees.
To support its members and the wider sector, Charity Tax Group has collated relevant guidance and announcements to inform charities during on Covid-19
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