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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:

ICAEW insights

Charity sector: resilience in the face of adversity


While the charity sector has shown remarkable resilience throughout the pandemic, there are concerns that government support is masking the true extent of the financial impact. We examine the prognosis for the year ahead.

COVID-19 implications for charity accounting – updated guidance

Read ICAEW's recently updated guidance.

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.

External resources

Charity accounts

Guidance for Independent Examiners during COVID-19 or in a time of national emergency.

UK Charity Regulators 07-05-2020

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.

COVID-19 control measures and financial reporting by charities

Charities SORP 23-03-2020

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.

Charity governance

Covinformation: Desk top research report on the impact of Covid-19 on charities

Chartered Governance Institute 19-05-2021

Detailed summary of a report by nfpSynergy on how the pandemic has affected the UK charity and voluntary sectors. The report covers financial impacts; service provision; the public and charities; and the impact on the sectors’ ability to deliver its charitable purposes.

Trustee training modules

ICAEW 05-12-2018

ICAEW’s online training modules provide an overview of charity trustees’ legal and financial responsibilities and their strategic and operational considerations.


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