Category: Not For Profit

Academies and Related Party Transactions

November 2018

Related party transactions and academies have always been a contentious area for a number of reasons. It is sometimes perceived, particularly in news reports, that the Trustees are benefiting in some way from their position and not acting in the best...

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Avoiding the Precipice: Turning Around Financially Stressed Charities

October 2018

The charity sector is under financial pressure, resulting in many financially stressed charities who are having to face the unpalatable truth that they cannot continue to operate. In this insight piece, we will address two key questions: How to manage a financial crisis and...

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Academy Trusts Management Reporting

September 2018

Funds are getting tighter across many Academy Trusts and it is therefore more important than ever that Trusts are able to effectively monitor their performance and reserves levels on an ongoing basis. In the recent Academies Financial Handbook, the requirements...

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Developing Your Multi Academy Trust

July 2018

The message that we are getting in respect of Academy schools is that the focus is now on increasing capacity in the system by growing existing Multi Academy Trusts (MATs), rather than establishing new Trusts. There are still a large...

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The 2017-18 Academy Accounts Direction

June 2018

The 2017-18 Academy Accounts Direction has now been published by ESFA. Whilst there are no wholesale changes to the accounts, there are a number of areas where additional disclosures or detail is required for the 2017/18 accounts: Trustees’ Report The...

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Charity Fraud: Are Trustees too Trusting?

June 2018

Recent media coverage highlights several high profile charity fraud cases, where charities have been defrauded by internal members of staff at an executive level, leading to losses of hundreds of thousands of pounds. Similarities between cases have shown that the...

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Fraud Prevention for Academies

May 2018

There have been numerous recent cases where schools have been the subject of targeted fraud attempts, usually in the form of requests for payment being sent to finance staff purporting to be from the Principal or other individuals in authority. Schools...

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Charities Need to Protect Themselves – Charity Governance

May 2018

In the wake of further national charity scandals, we warn charities and their trustees to protect themselves by ensuring they’re on top of their legal obligations, financial management and charity governance. With Oxfam’s recent scandal already reportedly costing the charity over...

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Charity Reputation – Why is it Important?

March 2018

Charity reputation is very important. By now, everyone will have seen the reports about Oxfam, and the resulting damage to its reputation. Donations to Oxfam have certainly been hit, but it appears that donations to charities in general may fall...

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Charity Collaborative Working

February 2018

Following encouragement from the Duke of Cambridge (on 23 January 2018) for charities to work together, Not for Profit specialist from our member firm MHA MacIntyre Hudson, Cara Miller, discusses how charity collaborative working can enable charities to achieve greater impact....

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