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Charities Blog

ICAEW Audit insights: charities – positive impacts in challenging times

The ICAEW have issued an audit insight relating to Charities. There is a general expectation gap between what charities do, how they do it and what the public think they do and how any charity should be managed. Charities need to show how and what they have a positive impact on and be open and honest. As well as this they need to be financially...

 

Date: 7th July, 2017
Author: Wendy Bambrick


What charities want from the next government

It is clear that all political parties have many priorities for the imminent general election in their efforts to persuade the electorate that they are the best choice to run the country.  The charity sector must ensure that it is not forgotten; the role that it can play in making everyone’s lives better is often underplayed and the cost...

 

Date: 31st May, 2017
Author: Steve Robinson


Digital giving and social giving accounts

HMRC have found that increasing numbers of Gift Aid donations do not in fact qualify for Gift Aid. Of particular concern are donations being made through digital platforms including social media and fundraising websites without any verification checks made by HMRC or the platform providers. An estimated £1million a month is being paid out by...

 

Date: 6th April, 2017
Author: David Hadley


Spring Budget 2017 – Education Changes

As ever the budget can be viewed from both ends of the telescope.  In education, the National Union of Teachers has accused the government of a complete dereliction of duty to children and young people.  Philip Hammond on the other hand announced the following changes in his budget yesterday: An extra £360m for new schools...

 

Date: 9th March, 2017
Author: Steve Robinson


Charities Act 2016: new fundraising rules

New rules for charity fundraising came into effect from 1 November 2016. The changes are due to the fundraising sections of the Charities (Protection and Social Investment) Act 2016. There are two new requirements: The first requirement applies where a charity uses a professional fundraiser or commercial participator to raise funds. The...

 

Date: 10th February, 2017
Author: Louise Giles


Academies update-Academies Financial Handbook 2016

The Education Funding Agency (EFA) issued the Academies Financial Handbook 2016 in July 2016 this is effective from 1 September 2016. The main changes in the 2016 edition with regard to Governance and Financial Control as follows: Governance Boards of trustees should identify the skills they need and address any gaps in their skills through...

 

Date: 21st November, 2016
Author: Wendy Bambrick


Why should your charity outsource?

Charities have been outsourcing a wide range of functions for many years now and this has created a large industry providing front line and back office functions. In fact many charities have become outsourcers themselves, providing valuable services to many government departments. It is clear therefore that outsourcing is here to stay with the...

 

Date: 21st November, 2016
Author: Steve Robinson


Charitable giving

There are a number of tax reliefs available for giving to charities. Charities should be aware of these both to maximise their returns and to inform and encourage potential donors. The main relief is Gift Aid which applies where individuals give a donation of cash to a charity or community amateur sports club. Where a donation is made under Gift...

 

Date: 21st November, 2016
Author: David Hadley


Trustees – would you be able to manage any financial difficulties that could affect your charity?

The Charity Commission has updated its guidance on managing financial difficulties. CC12 recommends that trustees review their charity’s financial performance against budget and future projects on a regular basis, at lease once a month. The review would of course depend on the size and nature of the charity and give early warning signs of...

 

Date: 20th April, 2016
Author: Wendy Bambrick


Charities – Do you have a trading subsidiary?

Have you checked the limits on the Gift Aid that your subsidiary (ies) can pay over to the charity? The new limits have to be applied for financial periods commencing on or after 1 April 2015 and there may be action required to previous payments. The Charity Commission has updated its publication CC35 section 4.5 to reflect this. ...

 

Date: 19th April, 2016
Author: Wendy Bambrick


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