In this charity sector special, we look at how charities are overcoming the challenges presented by the coronavirus pandemic. We also examine the new sources of funding available for charities to assist their work during the pandemic and analyse the contribution the charity sector makes to the public sector.
If you are a finance professional with involvement in the charity and voluntary sector, why not join ICAEW's Charity Finance Professionals Community to stay up to date with the latest developments in charity finance, taxation and governance.On 3 March 2021, the Chancellor extended coronavirus support measures and outlined a series of measures aimed at supporting the rebuilding of the economy post-COVID. But what were the key announcements for civil society organisations and their beneficiaries?
What should charities be considering when they prepare their annual accounts?
What does this case mean for the sector?
Make your voice heard and share your valuable perspective and experience in the IFR4NPO consultation to shape the future of financial reporting in this sector.
Facing the challenges of communication and integration in pandemic times.
The continuing growth and maturity of open banking-enabled propositions is driving compelling new opportunities for the charitable ‘Third Sector’. Here at the Open Banking Implementation Entity (OBIE), we know that charities have felt the impact of COVID-19 lockdown in the past 12 months. Reduced high street footfall make it harder to reach donors through traditional means. Contactless card payments at checkout mean less spare change to drop into buckets across the country.
Kristina Kopic, Head of Charity and Voluntary Sector at ICAEW, shares her thoughts on ICAEW’s first virtual Charity Conference, held in January, and reflects on the keynote “The challenge of Impact”, delivered by the founder of Social Value International, Jeremy Nicholls.
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A refreshed version of the Charity Governance Code was published in December 2020, following a consultation process.
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Share your views with the Charity Commission.
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Nigel Davies, Assistant Director for Accountancy Services at the Charity Commission, recently published a blog post that warned of increasing pension scheme deficits in charities and highlighted the associated risks and responsibilities of trustees.