Jun 14 2022 The importance of budgeting, forecasting and cash flow management Categories: Charities The ability to plan effectively and make informed decisions has never been more crucial in these most challenging of times. For charities, this includes having effective budgeting, forecasting and cash flow management. Budgeting and forecasting Duties of the trustees include protecting the charity’s money, keeping accurate financial records, knowing your charity’s financial position and dealing more
Jun 10 2022 SIS Recovery & Resilience Fund 2022 Categories: CharitiesCOVID-19 To further support charities and social enterprises that have been impacted directly by the COVID-19 pandemic, SIS (Social Investment Scotland) has reopened the Recovery & Resilience Fund. The fund is designed to bolster reserves or help with recovery plans by offering a bespoke investment package that is intended to be as flexible as possible. To be more
May 17 2022 Time for a Spring Clean Categories: Charities At this time of year, many of us do our annual spring cleaning and its good practice for trustees of charities to do the same. Good governance demands clear, appropriate, and complete set of procedures and policies to ensure any organisation is well run and by ‘cleaning’ them, you will be in a better position more
Apr 13 2022 Charities still have to pay their taxes Categories: CharitiesTaxation Paying tax is often a shock to smaller charities – after all, their profits all go back into funding the good work they do! Nonetheless, charities are taxed on trading income the same as any other organisation unless planning arrangements are put in place. Of course, deciding what income comes from trading is a complex more
Mar 16 2022 The benefit of Gift Aid to the taxpayer Categories: CharitiesTaxation Much is made of the benefit of Gift Aid donations to charities, but many taxpayers are missing out on the benefits to them from making these donations. For example, for every 80p donated to charity under the Gift Aid scheme, the Government give 20p tax to the charity – the equivalent of basic rate tax more
Nov 5 2021 Supporting our charity of the year, SAMH, with the EQ Glenrothes Office 100km Challenge Categories: CharitiesEQ NewsPeople SAMH has been there for Scotland’s mental health for almost 100 years, and have delivered care and support to thousands. To improve the lives of a lot of people in Scotland, and help create positive change where it is really needed, they rely on the generosity of supporters. To help raise awareness and vital funds for more
Oct 21 2021 Protect your charitable business from online fraud Categories: Charities As charities increase their digital presence, and undertake more activity online, the risk of fraud and theft should be carefully considered, with sufficient controls put in place to help minimise the risks posed. With advances in technology developing at an ever-increasing rate, it can provide valuable efficiencies when used properly, however they also come with more
Oct 7 2021 Understanding the benefits of Gift Aid Categories: Charities Gift Aid is a Government scheme that allows charities and Community Amateur Sports Clubs (CASCs) that are registered with HMRC to claim an additional 25p for every £1 donated, at no additional cost to the donor, providing certain conditions are met. To qualify for Gift Aid, donations must be made from individuals who have paid the same amount or more more