Displaying 1-10 of 12 results
Managing a charity’s finances (CC12)
- Website
- 29 Jan 2016
The Charity Commission’s advice for charities that are facing financial difficulties and how charities can reduce the risk of insolvency.
Why a charity’s survival may depend on its accounting system
- Article
- 04 Nov 2024
Is your charity operating with a ‘blood, sweat and tears finance function’, which marginally meets the informational requirements of internal customers and legal reporting requirements, but do so with great pain and effort? If this sounds familiar, then it might be time to consider upgrading your accounting systems. This is crucially important because the quality of a charity’s accounting and reporting is directly linked to its future sustainability.
Why overheads matter
- Article
- 27 Sep 2024
Imagine a world where firefighters are judged not by lives saved, but by how little they spend on trucks and hoses. Such a scenario would be absurd, but this is precisely the dilemma many charities face today.
The banking obstacles facing charities – why the charity regulators are speaking up
- Article
- 04 Jan 2024
The banking challenges that charities face in their day-to-day operations have reached a crisis point, as we regularly hear from you. Now, the charity regulators have written a joint letter to the Chief Executives of UK Banks to request urgent action.
Letter of Support: charities need to put their own interests before those of their trading subsidiary
- Article
- 03 Aug 2023
In this challenging economic environment, charities with commercial trading operations might face increasing calls to issue letters of support to their trading subsidiaries. Trustees will need to protect the charity’s interests and follow charity law and regulation if they consider issuing a letter of support.
Internal financial controls for charities
- Helpsheets and support
- 22 Jun 2023
The Charity Commission’s (CC8) guide on how to manage your charity’s financial activity and use internal financial controls to reduce the risk of loss.
Trading issues made simple
- Helpsheets and support
- 01 Feb 2021
This Sayer Vincent guide explains when trading is permitted within a charity, how to use tax exemptions and set up appropriate structures if they wish to expand trading activities.
Subsidiaries made simple
- Helpsheets and support
- 01 Jul 2015
The common way for charities to deal with trading outside their objects is to channel these activities through a separate company. This Sayer Vincent guide explains how to set up and operate a charity trading subsidiary.
Charity Commission delivers updated guidance for charities about internal financial controls
- Article
- 01 Jun 2023
The Charity Commission has published updated guidance on internal financial controls, also known as CC8, to help charities operating in an increasingly digital world. Internal financial controls are key tools for trustees to use to protect their charity and its resources, which is a key responsibility for all trustees. We have updated our guidance to make it clearer, shorter and ensure it reflects the many ways charities operate today.
What to include in your charity’s investment policy?
- Article
- 10 May 2022
Why it’s important to get clear about your income and capital growth expectations, express your board’s risk appetite with a quantified risk budget and to communicate your priorities clearly to asset managers.
Displaying 1-10 of 12 results