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Filtered By Category: Charities

Apr 19 2019

Going the Extra Mile

Categories: Charities

Sometimes juggling the financial and operational side of your charitable organisation, whilst dealing with lots of other things in your life, is not easy. We believe in taking away the hassle, giving you the chance to focus on running your charity – that’s why we offer our charities clients a complementary service line. In addition to more

Mar 22 2019

What should be in your Trustees’ Annual Report?

Categories: Charities

As a trustee of a Scottish charity, one of your legal requirements is to prepare a Trustees’ Annual Report (TAR) for inclusion in the annual accounts. This report makes up the narrative part of your accounts, addressing the questions: who does your charity help? What has the charity done? What has been achieved? So rather than viewing more

Feb 19 2019

A brief introduction to understanding charity accounts

Categories: Charities

By Law, charities need to produce clear and accurate sets of annual accounts, which is the responsibility of the Trustees. The Scottish Government produced accounting regulations that set out how charity accounts must be prepared and these are monitored by The Scottish Charities Regulator (OSCR). Charity accounts can be more onerous than those prepared by more

Nov 20 2018

A sincere thank you for your continued support!

Categories: CharitiesEQ News

As the end of our year of fundraising draws near, we reflect back on our continued fundraising efforts for our charity of the year – Maggie’s Centres – and want to take this opportunity to say thank you for the continued support, especially after the success of our recent EQ Charity Ball! We were overwhelmed by more

Nov 14 2018

We raised £16,000 at our EQ Charity Ball in aid of Maggie’s Centres!

Categories: CharitiesEQ News

We are thrilled to announce that we have managed to raise almost £30,000 for Maggie’s Centres this year, with our latest fundraising effort, a celebratory Charity Ball at the weekend. Around 170 guests attended our first Charity Ball at Dundee’s Apex City Quay Hotel and Spa on Saturday 10 November 2018. With a silent auction, raffle and more

Sep 14 2018

Updated HMRC guidance on grants versus consideration for a supply

Categories: Charities

One contentious area in the world of VAT is the treatment of funding received by charities. This matters because grant income is non-business in nature and outside the scope of VAT. Thus, no VAT will be payable but there may also be VAT recovery implications. On the other hand, if the funding is consideration for more

Jul 10 2018

Importance of a reserve and reserve policy

Categories: Charities

A Charity is duty bound to spend monies received within a reasonable period on its charitable purposes. However, the collapse of some charities is not due to mismanagement or misappropriation of funds but due to not having sufficient reserves or considering a reserves policy. Therefore, good governance would dictate that a charity should retain some more

Jan 8 2018

EQ supports Maggie’s Penguin Parade

Categories: CharitiesEQ News

We are pleased to announce that we will be sponsoring one of Maggie’s penguins in Maggie’s Penguin Parade, a free and accessible public art and cultural event that will see a colony of colourful, giant penguins invade the city of Dundee and surrounding area in Summer 2018. Maggie’s offer free practical, emotional and social support to more