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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

Jan 24 2017

Community Spirit in Cupar

Categories: Charities

Our Cupar office volunteered to take part in the Leuchars night of the annual Cupar Rotary community sleigh run just before Christmas, with local residents donating over £400 during a house-to-house collection on the night. Today, the staff involved in the sleigh run, along with John Morrow of Cupar Rotary, presented Age Concern Cupar with a cheque for more

Sep 17 2016

SIS announces increased availability of smaller affordable loans

Categories: Charities

Social Investment Scotland (SIS) has announced, with continuing funding from the Scottish carrier bag levies, an increase in the availability of smaller affordable loans to even more social enterprises. The “Plastic Bag tax”, which was introduced in October 2014, has enabled SIS to help early stage enterprises, with loans secured by a diverse range of more