Charities

Insight / Charities challenged on board diversity

Charities are being urged to do more to ensure their boards reflect diversity, encouraging applications from women, young people and people from ethnic minority and socially diverse backgrounds, after a research study focused on trustees found men outnumber women two to one

Insight / EY rated best accountancy firm for student leavers

Ten accountancy firms feature in a new ranking of the top 100 employers in the UK for school and college leavers, with EY leading the way in a table drawn up by RateMyApprenticeship

Insight / Charity Commission seeks views on insider fraud

The Charity Commission is launching a campaign to reduce insider fraud committed by volunteers, employees or trustees, and is seeking information from finance professionals and others who may have knowledge of dealing with the issues involved

Insight / Charity Commission looks into children’s disability charity

The Charity Commission has opened a statutory inquiry into Dream It Believe It Achieve It, over concerns about its financial controls, including the charity’s relationship with connected companies.

Accounting / Charities must comply with financial sanctions requirements

Charities need to ensure they comply fully with the latest financial sanctions rules, warns the Office of Financial Sanctions Implementation (OFSI)

Insight / Charity Commission inquiry into bike charity finance controls

The Charity Commission has opened a statutory inquiry into Jole Rider Friends, after identifying significant regulatory concerns around its financial controls and with regard to the administration, governance and management of the charity by the trustees

Insight / Charity Commission issues alert on military charities

The Charity Commission has issued an alert to charities that support veterans, after its review of a sample of military charities set up since 2007 revealed concerns around fundraising, financial controls and safeguarding

Insight / Charity Commission inquiry into dog rescue charity’s finances

The Charity Commission has opened a statutory inquiry into Chichester and District Dog Rescue Society and frozen its bank accounts, following concerns over its financial controls

Insight / Fundraising regulator to tighten up data protection rules

The Fundraising Regulator is to consult on strengthening the sections on data protection with its code of fundraising practice, in light of the upcoming General Data Protection Regulation (GDPR) legislation, which comes into effect next year, and recent concerns about how charities use data on donors

Insight / Moves to improve transparency of online charity platforms

The Charity Commission and the Fundraising Regulator are reviewing ways in which online charitable platforms operate, following concerns about possible fraudulent activity, oversight of the end-use of funds and transparency about the fees charged by sites

Audit / Charity governance code 2017: what next for trustees?

The launch of the new Charity Governance Code 2017 introduces a number of significant governance changes for trustees and charities, with a focus on regular performance reviews of boards, trading subsidiaries and tight controls on length of service of trustees, explains Judith Miller, partner at Sayer Vincent

Tax / HMRC clarifies gift aid small donations scheme guidance

HMRC has issued updated guidance on the gift aid small donations scheme (GASDS) enabling a charity or community amateur sports club (CASC) to claim top-up payments on small donations up to £20, with revisions to the section covering community buildings

Insight / Guidance updated as serious incidents in charities go unreported

The Charity Commission has issued clearer guidance on reporting serious incidents as charities are currently failing to report many instances as soon as they occur, with the regulator warning this can put charities at risk of further harm

Insight / Treasury urges individuals to donate round pounds to Children in Need

BBC Children in Need has partnered with the Treasury and The Royal Mint on a campaign to encourage people to donate the millions of remaining round £1 coins to the charity, with only four weeks to go until the old pound coin goes out of circulation

Accounting / FRC proposes amendments to FRS 102 for Gift Aid payments

The Financial Reporting Council (FRC) is set to amend the rules for handling Gift Aid payments under FRS 102 in an effort to clarify when profits from a non-charitable subsidiary can be distributed to the parent charity
Subscribe