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Charities Blog

Tax on charities – surely not?

Unfortunately, yes. Tax continues to be a challenge for the charity sector, and VAT is no exception. The VAT regime can be a mixed experience for charities.  There are beneficial rules on advertising spend (potentially zero-rated), fund raising events (exempt if qualifying) & sales of donated goods (zero-rated) amongst others, but...


Date: 24th July, 2018
Author: Richard Collier

Academies Accounts Direction 2017/2018 (AAD)

Detailed guidance for academy trusts and auditors in preparing and auditing academy trusts annual financial statements has recently been updated and you will be pleased to see there are no significant changes. For accounting periods ending 31 August 2018 The AAD 2017 and 2018 was released in May 2018 and runs to 160 pages. The brief changes are...


Date: 24th July, 2018
Author: Wendy Bambrick

Charities and Not-for-Profit Update

Charities are constantly having to navigate a changing landscape. The General Data Protection Regulation (GDPR) provides new data handling considerations for our clients and with it new potential risks. Concurrently, subsidiaries are having to take on new Gift Aid reporting requirements.  Further, in our role as auditors, we are frequently...


Date: 24th July, 2018
Author: Louise Giles

Guidance for charities regarding the changes to the automatic disqualification of trustees rules

From 1 August 2018 changes come in on the rules relating to automatic disqualification of trustees rules which means that there will be more restrictions on who can run a charity. Currently a person is disqualified from acting as a charity trustee if certain legal disqualification reasons apply to them. The main reasons are bankruptcy related and...


Date: 9th February, 2018
Author: Wendy Bambrick

Legislative changes affecting the Charitable Incorporated Organisation (CIO)

There have been legislative changes on 23 November 2017 which means that the Charity Commission has been able to announce a phased timetable allowing charitable companies to convert to CIOs. Applications to convert under the new legislation will be phased in starting from 1 January 2018 depending on the annual income of the charitable company....


Date: 30th November, 2017
Author: Wendy Bambrick

Updated guidance for independent examiners (CC32)

On 4 September 2017 the Charity Commission issued updated guidance for independent examiners. The new guidance includes 3 new Directions that examiners must follow and gives guidance on how this can be achieved. The full guidance can be found at CC32 guidance. Direction 2 Check for any conflict of interest that prevents the examiner from...


Date: 14th November, 2017
Author: Wendy Bambrick

Charity Commission Annual Report 2016/2017

This report highlights the work of the Charity Commission (CC) for the year to 31 March 2017. The complete report can be found at Annual report. This was the second year of the CC Strategic plan which runs from 2015-2018. At 31 March 2017, there were 167,063 charities (and 16,455 subsidiaries) on the CC register. During the year, the CC regulated...


Date: 13th November, 2017
Author: Wendy Bambrick

Charity Governance Code

The new charity governance code was issued on 11 July 2017. The code is a practical tool to help charity trustees to develop high standards of governance. It is becoming more vital that charities understand what good governance is and that they really understand it and apply it. This new edition of the code includes a redesigned website which is...


Date: 1st August, 2017
Author: Wendy Bambrick

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

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