Charity Community resources

The IFR4NPO project is developing international financial reporting guidance (called INPAG) for charities and other non-profit organisations. This is only possible with input from stakeholders: preparers, auditors, and users, including donors and regulators. Exposure Draft 1 (ED1) is open for public comment until 31 March 2023.

This short video reveals that Guidance under development has been given a name: International Non-Profit Accounting Guidance (INPAG). INPAG will be stand-alone Guidance so that preparers and auditors can find what they need in one place. Using the IFRS for SMEs Accounting Standard as a starting point, changes will be made to address the prioritized non-profit issues. The application will be up to each jurisdiction, but the NPOs we have in mind during the development process need to track assets and liabilities and report on a range of transactions and activities to meet the needs of the users ...

We recently asked accountants, advisers and independent examiners of smaller charities to participate in research commissioned by Power to Change, the Charities Aid Foundation and the Lloyds Bank Foundation.

Proposals by the Charity Commission for more detailed information to better identify risks and understand the sector raise concerns about unnecessary red tape, data reliability and confusion about the information being sought.

The squeeze that charities are facing at present is unprecedented. One of the ways that chartered accountants can help is by carrying out an independent examination of their annual trustee report and accounts, a ‘light touch’ alternative to an audit.

Find out what ICAEW members should consider when they take on independent examinations of charities.

Short video recordings for auditors and independent examiners from the Charity Commission for England and Wales on their duty to report matters of material significance to charity regulators, and on the Charity Commission’s ‘external scrutiny benchmark.’

Read a summary of the key regulatory changes in the last quarter, including the implementation of the Charities Act 2022, the Commission’s new portal for charity trustees, the new 5-minute guide on campaigning and the fraud prevention resources available to charities.

The recent court case of Butler-Sloss v Charity Commission brought trustees legal clarity that they can adopt a responsible investment approach, even where this could impact on their financial returns. Tom Dupernex, Head of Charities & Foundations at UBS, explains the impact of the ruling.

The recent court case of Butler-Sloss v Charity Commission brought trustees legal clarity and said that charitable purposes are at the heart of investment decisions.

In February, the Charities Bill received Royal Assent and passed into law as the Charities Act 2022. The recommendations from the Law Commission formed the basis for the provisions of the new legislation and the Act is designed to give trustees more flexibility to manage charities effectively. They will not have a big impact on charities’ daily operations but simplify certain areas of regulation.

The recent court case of Butler-Sloss v Charity Commission brought trustees legal clarity that they can adopt a responsible investment approach, even where this could impact on their financial returns. Tom Dupernex, Head of Charities & Foundations at UBS, explains the impact of the ruling.

The recent court case of Butler-Sloss v Charity Commission brought trustees legal clarity and said that charitable purposes are at the heart of investment decisions.

Why it’s important to get clear about your income and capital growth expectations, express your board’s risk appetite with a quantified risk budget and to communicate your priorities clearly to asset managers.

What you should be doing with your charity's finances.

As the third sector braces itself for an increase in demand for services this winter, the recent fiscal event offers limited help to organisations but little for individuals in need.

Are you a glass half full or a glass half empty person? I imagine that many of us who are chartered accountants would have to say that our training encourages us to be more ‘half glass empty’ than ‘half glass full’! The Chancellors’ Spring Statement may have given us a perfect opportunity to test that out for ourselves.

23 March 2022: Read the Charity Tax Group’s analysis of impact of the Chancellor’s Spring Statement on charities.

8 September: HMRC’s latest guidance sets out its VAT relief policy for a variety of digital advertising scenarios for charities.

Join David Lyford-Smith for this webinar exploring some Excel tips and tricks that you can use to improve your efficiency and reduce spreadsheet risk.

Practical tips on running successful virtual board meetings, as well as insights into how to manage board dynamics digitally.

William Makower, founding trustee of National Funding Scheme, considers the audit control and risk elements of its DONATE fundraising platform.

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.

The Charity Commission’s 5-minute guides are designed to help trustees provide the best possible oversight to their charity.

Please note that the management liability insurance previously provided by the Community ended 31 December 2022.

The squeeze that charities are facing at present is unprecedented. One of the ways that chartered accountants can help is by carrying out an independent examination of their annual trustee report and accounts, a ‘light touch’ alternative to an audit.

As pupils return to school, school governing boards are taking stock of the challenges they have faced in the wake of the pandemic and begin to look ahead to the new academic year. How can finance professionals get involved in helping schools navigate these choppy strategic seas – and what are the benefits of volunteering in education?