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Filtered By Category: Charities

Nov 9 2022

Financial responsibilities of a charity trustee

Categories: Charities

Charities rely on trustees to help control and manage the charity and it is the duty of all the trustees that the charity fulfils the charitable purpose for which it was created. While it can be seen as an honour to fulfil these duties, it involves a certain commitment and level of responsibility which should not be underestimated. more

Oct 19 2022

Reducing the risk of internal fraud in charities

Categories: Charities

Fraud within charities is, unfortunately, more common than we would like to believe. Each year the ‘Charity Fraud Awareness Week’ campaign aims to raise awareness and share good practice within the sector, as exposure to fraud can leave a charity open to potential loss of monies as well as damage their reputation and any future more

Oct 6 2022

Gift Aid Awareness Day 2022

Categories: CharitiesTaxation

Every October since 2018, charities have been invited to participate in Gift Aid Awareness Day. Gift Aid Awareness Day is organised by Charity Finance Group and this year’s campaign is #TickTheBox which focuses on the value of Gift Aid on the people and communities they serve. Gift Aid is a tax relief for charities in more

Sep 21 2022

Is your charity using the right software?

Categories: Charities

Charities can often suffer from a lack of investment in digital technologies, which is often attributed to tight control on expenditure. We’re finding a number of our charity clients are affected by the upcoming end-of-life status of various Sage products on 30 September 2022 and QuickBooks Desktop on 1 February 2023. This can result in more

Sep 6 2022

SIS Growth Challenge

Categories: Charities

SIS (Social Investment Scotland) has launched another round of the Growth Challenge to support charities and social enterprises with growth plans for 2022/2023 which require funding and would benefit from a flexible loan and grant solution. Successful applicants will have growth aspirations that need £100k+ of loan funding and be able to demonstrate how these more

Aug 16 2022

Changes to the OSCR online system

Categories: Charities

The Office of the Scottish Charity Regulator (OSCR) is upgrading their online system for charities registered in Scotland. The online system is used to: submit a charity’s online annual return update a charity’s contact details amend some of the information about a charity on the Scottish Charity Register. If you are registered as the principal more

Jul 29 2022

Accruals Basis or Receipts and Payments Accounts

Categories: Charities

Small Scottish charities, with income of up to £250,000, are permitted to prepare accounts on the receipts and payments basis. This is a simple format which can reduce compliance fees and make accounts easier to understand, a real bonus for small charities. In receipts and payments basis accounts, income and expenditure are shown in terms more