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.
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.
Guidance on the application of company law on distributions to charitable donations to their parent made by UK subsidiaries of registered charities.
A statement of recommended practice for charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
Amendments to FRS 102 issued by the Financial Reporting Council in July 2015 – Small entities and other minor amendments.
An update of the Charities SORP (FRS 102) issued in July 2014 to reflect amendments issued by the Financial Reporting Council in December 2017
Listen to this free webinar where Nigel Davies, Joint Chair Charities SORP Committee, and Peter Taaffe, BwMacfarlane to discuss the proposed questions to Independent Examination Directives.
Technical helpsheet issued to help ICAEW members to understand key requirements relating to the financial reporting and scrutiny of charities registered in England and Wales.
Technical helpsheet issued to help ICAEW members to understand key requirements relating to the financial reporting and scrutiny of charities registered in Northern Ireland.
Technical helpsheet issued to help ICAEW members to understand key requirements relating to the financial reporting and scrutiny of charities registered in Scotland.
The joint SORP-making body has opened a consultation into the Charities SORP following the triennial review of FRS 102.
Auditors and independent examiners of UK charities must stay current with the latest reporting requirements.
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.
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.
The Charity Commission’s questions provide a useful guide for trustees to identify any areas of weakness.
Reporting a modified audit or independent examination opinion as a serious incident to the relevant UK charity regulator.
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.
Find out what a charity is, how VAT affects charities, how to treat a charity's income for VAT and what VAT reliefs a charity can get on what it buys.
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 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.
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.
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.
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.
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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Features and articles published in the November 2018 edition of ICAEW's Charity & Voluntary Newsletter