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 charities15 May 2020: In Kind Direct operates at the interface of the corporate world and the charity sector. It has seen first-hand what COVID-19 has meant for both, says its Chief Executive, Rosanne Gray.
15 May 2020: Let’s try walking in the shoes of beneficiaries is the plea from Debra Allcock Tyler, chief executive of the Directory of Social Change (DSC), commenting on the fall-out from COVID-19 for charities.
22 May 2020: An interview with Roberta Fusco, the Director of Policy and Engagement at the Charity Finance Group (CFG). She anticipates that, in the short term, the charity sector is at risk of contraction.
15 May 2020: The topic for the #icaewchartoftheweek is on the charity sector
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.
15 May 2020: As part of a charity sector special, ICAEW Insights looks at how coronavirus has exposed vulnerabilities in charities’ funding models and how the sector is adapting to the ‘new normal’ in order to help others.
15 May 2020: Philippa Kelly, Director of ICAEW’s Technical Strategy Business Group, looks at the business support available for charities.
This guide highlights a number of key issues arising from COVID-19 that may require consideration in connection with trustees’ annual reports and accounts for charities.
In setting out the Charity Commission’s approach our Chief Executive, Helen Stephenson, is clear that it is important that we get regulation right in this exceptionally demanding period for 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.
The impact of lockdown for Covid-19 means that many charity trading subsidiaries may now be making significantly reduced profits or even losses.
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.
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Auditors and independent examiners of UK charities must stay current with the latest reporting requirements.
Following the recent release of updated guidance for auditors and independent examiners, the Charity Commission has announced that it will be conducting a review of all independent examination reports or audit opinions, signed on or after 1 May 2020.
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.
Charities in receipt of a grant from the government’s Retail, Hospitality and Leisure Grant Fund have been asking whether to recognise the grant in March or April 2020.
UK charity sector asks the government for a Gift Aid Emergency Relief Package to support charities in crisis.
The public rightly expects charities to model their values in the way they create impact. So, what should charities do when it comes to racial diversity and inclusion?
Equip your staff with the tools to defend against attack.
The Charity Commission publishes findings from its research into the relationship between charities, the Charity Commission and the general public.
The Charity Commission updates its guidance on Serious Incident Reporting to trustees to cover the context of COVID-19 including its financial impact on may charities.
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.
8 September: HMRC’s latest guidance sets out its VAT relief policy for a variety of digital advertising scenarios for charities.
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.
A guide to help third sector organisations in Wales prepare for Brexit. It highlights some key resources and questions to consider.
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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.
Opening remarks, going concern and fundraising, and a Q&A with the Education and Skills Funding Agency.
We have carefully chosen sector experts who can provide the Charity and Voluntary Sector with relevant insight, key technical updates and compelling breakout sessions.
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.
The second Update event from the Charity Finance Professionals Community this year, bringing the latest developments to your digital doorstep.
The third Update event from the Charity Finance Professionals Community, bringing the latest developments to your digital doorstep
Topics covered include: racial diversity in the charity sector, COVID-19 implications for charity accounting and school recovery.
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.
Topics covered include: What Brexit means for charities, Corporate criminal offence and Changes to the Employment Allowance from April 2020.
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.