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:
22 May 2020: An interview with Roberta Fusco, the Director of Policy and Engagement at the Charity Finance Group (CFG). She anticipates that, in the short term, the charity sector is at risk of contraction.
15 May 2020: In Kind Direct operates at the interface of the corporate world and the charity sector. It has seen first-hand what COVID-19 has meant for both, says its Chief Executive, Rosanne Gray.
15 May 2020: As part of a charity sector special, ICAEW Insights looks at how coronavirus has exposed vulnerabilities in charities’ funding models and how the sector is adapting to the ‘new normal’ in order to help others.
15 May 2020: Philippa Kelly, Director of ICAEW’s Technical Strategy Business Group, looks at the business support available for charities.
15 May 2020: Let’s try walking in the shoes of beneficiaries is the plea from Debra Allcock Tyler, chief executive of the Directory of Social Change (DSC), commenting on the fall-out from COVID-19 for charities.
15 May 2020: Pauline Smith is the chief executive officer of CXK, a charity that delivers a range of services that support individuals to improve life choices. Funding is central and, currently, that is tough but the response has underlined the value of third sector organisations.
In this update, Nigel Davies, Head of accountancy Services, Charity Commission will look at: - The latest Commission guidance to assist trustees - The SORP-making body's guidance on the implications for financial reporting - The UK Charity Regulators' update for auditors and independent examiners - Other resources to help charities including information on government financial assistance
With the Covid-19 pandemic disrupting the lives of everyone in the country; many charity organisations are trying to find ways of managing the uncertainly during these unprecedented times. Jonathan Orchard, Partner at Sayer Vincent outlines several strategies that organisations can implement for short term financial resilience.
9 April 2020: in response to increasing concerns from the charity sector about an urgent lack of funding, Chancellor Rishi Sunak has announced £750m of extra support for frontline charities across the UK.
1 April 2020: the disruption caused by coronavirus has led the Charities SORP-making body to issue a new set of guidelines
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.
Guidance from the Charity Commission to help charities facing difficult situations or decisions. The guidance summarises the key considerations and set out some practical steps for understanding your charity's financial position, creating a plan and making decisions.
Keep up to date with all the latest coronavirus-related news affecting the charity sector.
Government guidance to help with running your charity during the Coronavirus (COVID-19) outbreak.
Guidance from the Scottish Charity Regulator.
Portal created by the Scottish Council for Voluntary Organisations (SCVO) offering support to charities in Scotland on funding, HR issues, governance and risk, volunteering, fundraising, delivering services digitally, and remote working.
Guidance from the National Council for Voluntary Organisations (NCVO) on protecting staff and volunteers, holding board meetings and AGMs, and on managing finances (including what to expect from funders and the impact on investments).
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
Information on how you can volunteer to help and support others during the coronavirus (covid-19) pandemic.
Information for volunteers wanting to help London's communities including a list of remote volunteering opportunities by borough.
The Small Charities Coalition are maintaining a list of charities that are currently operating and in need of volunteers.
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