Charity Financials Insider

10 tax-free benefits that the charity sector can provide to staff
FINANCE | 29 November 2018

Tax is levied on pay and on many expenses and benefits provided to staff. Most will know about pensions and childcare and cycle schemes, but there are other less well known and less often provided benefits that could, particularly when added together, make a real difference to your staff’s financial, physical and mental wellbeing...

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Q&A with Jo Keaney, Director of Finance and Corporate Services at St John Ambulance
TRENDS & DATA ANALYSIS | 22 November 2018

Jo discusses the collective responsibility of managing finances within an organisation, the challenges of ensuring GDPR compliance and how the social impact evaluation process is evolving for charities… 

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3 ways to measure your charity’s investment performance
SPECIALIST OUTLOOK | 21 November 2018

Charities have different objectives when it comes to investments and this will be reflected in their differing investment policies. However, all charities should be looking at similar measurements to determine the overall performance of the fund…

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6 things to consider before adopting new payment methods
TRENDS & DATA ANALYSIS | 15 November 2018

When deliberating the adoption of any new payment method, there are a number of issues that charity finance teams will need to consider to ensure they bring benefits rather than headaches...

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How to avoid corporation tax traps in the charity sector
TRENDS & DATA ANALYSIS | 07 November 2018

Charities benefit from favourable tax reliefs and exemptions; however, you must first qualify for them. This is especially the case for corporation tax. If you do not qualify for it, you’re in danger of facing an unexpected tax bill…

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4 red flags of insider fraud in charities
GOVERNANCE | 31 October 2018

Insider fraud is a growing issue in the charity sector. The Charity Commission estimates that over a third of all frauds are internal, committed by staff, volunteers and trustees and it fears these figures are just the tip of the iceberg…

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UK charities’ top 3 banks revealed
TRENDS & DATA ANALYSIS | 25 October 2018

The latest Charity Financials Banking Spotlight report finds that the three most popular banks used by the UK’s top 5,000 charities in the last financial year were Barclays, NatWest and Lloyds…

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Charities increase cash levels by half a billion pounds
TRENDS & DATA ANALYSIS | 16 October 2018

A new report from Charity Financials reveals that in 2017-18 charity cash levels exceeded £16.7 billion, a considerable growth on the £16.2bn reported in the previous financial year…

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In conversation with Martin Miles, Chief Financial Officer at the British Heart Foundation
TRENDS & DATA ANALYSIS | 11 October 2018

Martin explains the challenge of gift aid, the importance of improvement over perfection and the necessity of shining a light on risk mitigation practices within the charity sector…

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10 VAT bear traps for the charity sector
FINANCE | 04 October 2018

VAT is quite possibly the most complex and expensive tax that most charities have to deal with. There are many potentially problematic areas. The following are my top ten examples of common bear traps...

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