Category: Not For Profit

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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Advantages and Disadvantages of Being a Charity

July 2017

If you are considering setting up your new entity as a charity, there are some issues that should be considered before making a final decision on the type of entity that is best for your organisation. Below, we look at the...

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Is Your Charity Making the Most Effective Use of its Assets?

June 2017

Charity trustees have well known duties of stewardship, which means ensuring that resources are used for charitable purposes and are not put at risk unnecessarily. There is also, of course, a duty to use them effectively. Three areas to consider...

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5 Ways to Generate More Income for Your Academy

May 2017

As we are all aware, making the school budget balance is becoming more challenging as funding fails to keep pace with the costs all schools are facing. There is a lot of focus on cutting costs and making financial efficiencies, but...

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Cyber Security – A Threat to Your Charity?

May 2017

Cyber security is a threat to everyone, and therefore vigilance and care is needed to ensure that you have adequate protection in place. Charities are sometimes viewed as easy targets, as they tend to spend a lower amount on security...

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