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Charity Finance Professionals Community

Stay up-to-date with the latest developments in the fast-changing environment of charity finance, taxation and governance to support your work in the charity sector. See our content below.

View our resources on coronavirus and charities

Your community's content

Insights charity sector special

A special edition of ICAEW's Insights looking at how charities are facing the challenges presented by the coronavirus pandemic

CXK: funding must always meet funded project costs

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.

 

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.

Accounting

 

Accounting for donated goods

The requirements of FRS 102, upon which Charities SORP 2015 is based, include a requirement to recognise the income from receipts of resources from non-exchange transactions (including donated goods) at the fair value of the donated goods received.

Audit and Independent Examination

Charity regulation and legislation

Governance

Taxation

HMRC Gift Aid online

Online service for charities, or community amateur sports clubs, to claim Gift Aid or tax back on other income. It also contains details of how a charity can register with Charities Online before making a claim.

Charity Tax Group

The Charity Tax Group was established in 1982 to make representations to Government on charity taxation and is the leading voice for the sector on this issue. It now has over 500 members of all sizes representing all types of charitable activity.

Find out more about the implications of the decision to leave the EU on charities from our feed of externally produced articles and resources.

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Listen to previous recordings from the Charity Financial Professional Community.

Re-thinking risk - a positive perspective

In this session update Sally Knight discusses the impact on risk management strategies and how re-thinking decisions can promote resilience and create opportunities within the sector.

Charity Conference | 22 January 2021

We have carefully chosen sector experts who can provide the Charity and Voluntary Sector with relevant insight, key technical updates and compelling breakout sessions.

FRS 102 refresher for the charity sector | 16 Oct 2020

This course will run as a virtual classroom and it explains the complexities of the changes that FRS 102 brings to the charity sector, designed to build your confidence in dealing with technical accounting areas.

Charity Finance Professionals Community newsletters

September 2020

Topics covered include: racial diversity in the charity sector, COVID-19 implications for charity accounting and school recovery.

May 2020

Topics covered include: Covid-19 and its impact on the sector, Charity Commission's new review of Independent Examination Reports and what government support is available.

February 2020

Topics covered include: What Brexit means for charities, Corporate criminal offence and Changes to the Employment Allowance from April 2020.

August 2019

Topics covered include: An ICAEW help sheet for when you are required to report to the Charity Regulator, a report of the charity tax commission, HMRC update information on tax relief on gifts of certain assets to charities and research on public awareness, trust and expectations.