Charity Financials Insider

43% of charities have not changed auditor in the last 10 years
FINANCE | 18 June 2019

The latest Charity Financials Audit Spotlight report uncovers the landscape of auditors used by the top 5,000 UK charities between 2017 and 2018. It also analyses the current fees by income band and highlights the top auditors used by charities today…  

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What questions should trustees ask about finance?
GOVERNANCE | 09 June 2019

As a trustee, your role involves keeping on top of the legal and regulatory sides of an organisation, just as much as the financial. While finance is my day job, and one that I truly love, I know that for most trustees the thought of poring over accounts is not what draws them to the role. But what does it take to become a good trustee...?

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5 fundraising trends for 2019 and beyond
TRENDS & DATA ANALYSIS | 29 May 2019

In the last few years, fundraisers have had to fight against the unknown impact of Brexit, increased media scrutiny, a reduction in government funding and much harder competition…

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New world disorder?
SPECIALIST OUTLOOK | 29 May 2019

‘There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says “Morning, boys. How’s the water?” And the two young fish swim on for a bit, and then eventually one of them looks over at the other and goes “What the hell is water?”’ – David Foster Wallace, This Is Water, 2005

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VAT made simple for charities
FINANCE | 16 May 2019

Most businesses charge VAT on all of their sales and recover VAT on just about all purchases. However, charities are different and face complicated scenarios when it comes to VAT, with only some of their income taxable. This means that only part of the VAT they incur is recoverable...

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Overcoming the top 5 challenges in preparing your annual report
GOVERNANCE | 09 May 2019

Preparing charity accounts and an annual report are requirements for most registered charities and the reporting requirements are much more detailed than those of equivalent sized companies...

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Trustees: 6 ways to maintain a strong rapport with your non-charity entities
LEGAL | 02 May 2019

As part of its continued work to improve public confidence in the sector, in March 2019 the Charity Commission published new guidance[1] on how trustees should manage their connections with non-charities...

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Why culture and finance go hand in hand
CHARITY MANAGEMENT | 26 April 2019

Public trust in charities has declined in recent years and ensuring a charity has the right culture is becoming increasingly important. Having a good culture can be the bedrock of financial performance, reputation and governance…

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So, one of the Trustees wants us to consider internal auditů
FINANCE | 10 April 2019

Board members come from all walks of life, with different skills and life experiences, many of which will have worked in organisations where governance was paramount and internal audit was a key element of providing comfort…

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The Brexit effect: 5 ways to achieve financial sustainability
TRENDS & DATA ANALYSIS | 03 April 2019

Voluntary sector organisations continue to face increased demand for their services against a backdrop of funding challenges, shrinking public sector budgets and local authority cuts. And the Brexit effect is compounding the situation…

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