Category: Not For Profit

Charitable Donations in Life and Death

January 2018

How to Include Charitable Donations in Your Tax Planning Strategy Incorporating charitable giving into your tax planning strategy can be a useful way to reduce both your income tax and the inheritance tax (IHT) that will eventually become payable on...

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11 Key Steps for Trustees, 1 Giant Leap for Your Charity

January 2018

Following on from our governance document, we have created a month to month checklist as a guide for trustees to help them to upskill and improve standards in a stepped and measured way. Each article covers an area of concern...

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Not for Profit Sector Update

December 2017

Not for Profit specialist from our member firm MHA MacIntyre Hudson, Sudhir Singh provides an update on the Not for Profit Sector. Protect Your Charity From Fraud – Revised Guidance by the Charity Commission The Charity Commission has updated its...

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Essential Charity Finance for Trustees Guide

December 2017

During Trustees Week 2017 a report from our member firm, MHA MacIntyre Hudson and Charity Finance Group based on a survey of over 120 trustees, has raised concerns about complacency on financial governance within charities. 57% of respondents said that...

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Converting to a Charitable Incorporated Organisation

November 2017

From January 2018, incorporated charities will be able to become a charitable incorporated organisation (CIO), as long as an order laid before Parliament is approved. The CIO is a fairly new type of charitable structure that was introduced in the...

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Charities and Legacy Income

October 2017

During this period of political and economic uncertainty and a climate of increasingly competitive fundraising, legacy income is becoming ever more important to charities. Emily Prout, solicitor at Thrings, explains why ignoring this income stream is no longer an option...

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Academies Financial Handbook 2017

October 2017

The Education and Skills Funding Agency (ESFA) has recently released the 2017 Financial Handbook which replaces the 2016 version with effect from 1 September 2017. Overall, there are not many changes and the main emphasis is on ensuring effective governance. We have...

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Trustee Essentials

September 2017

The Charity Commission recently updated its Charity finances: trustee essentials (CC25) guidance to ensure that trustees understand their basic financial responsibilities. Making the Most of Your Finances Financial Management Trustees should take time to review plans in place for achieving...

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Delivering strong governance in a Multi-Academy Trust

August 2017

Ultimately, it is likely that more academy schools will become part of a Multi-Academy Trust as a result of both Government policy and reductions in funding.  Whilst there are numerous benefits in operating within this structure, an increase in the...

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Accounting Changes for Academies

July 2017

Following the end of election purdah restrictions, the Education and Skills Funding Agency (ESFA) has issued its annual revision to the Academies Accounts Direction (AAD) 2016 to 2017, which will determine the format of accounts prepared by Academy Trusts for...

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