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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.

Your community's content

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.

Charities SORP Bulletin 2: An update

An update of the Charities SORP (FRS 102) issued in July 2014 to reflect amendments issued by the Financial Reporting Council in December 2017

Audit and Independent Examination

Charity regulation and legislation

Charities Act 2011

The Charities Act 2011 came into force on 14 March 2012. The 2011 Act did not change existing law or introduce new policy but simplified the structure of the existing legislation. On this page you can find articles, books and online resources providing guidance, briefings and information on the Act itself.

Charities Act 2006

The Charities Act 2006 was enacted in November 2006. On this page you can find articles, books and online resources providing guidance, briefings and information on the Act itself.

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.

HMRC's charities and tax pages

HMRC’s overview pages explaining the different tax reliefs that charities can claim. Provides information on how to register a charity and instances when tax may be required to be paid.

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

A Brexit that works for everyone

A ‘clean Brexit’ could boost Britain’s charities by unlocking financial resources and cutting red tape which holds the sector back from doing more for good causes and delivering public benefit, according to a major report from the CFG.

Come what May: Preparing for Brexit

Blog post from Brendan Costelloe, senior external relations officer (EU) at NCVO, focusing on what voluntary organisations should be considering to prepare for the impact of Brexit.

What do we know about charities and the European Union?

Blog post from David Kane, formerly NCVO’s Senior Research Officer, looking at the relationship between the EU and charities / voluntary sector in four main areas - funding, areas of operation, workforce and giving, in the wake of Brexit.

Brexit and charities

A short publication from Crowe Clark Whitehill highlighting six areas that charities should revisit following the result of the EU referendum: strategies and scenario planning; management structures and skills including those of trustees; budgeting and planning; performance management; reserves policy; risk registers.

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