Protect your charity from fraud

Protect your charity from fraud

The Charity Commission is urging charities to protect themselves from fraud following publication of its research into fraud awareness, resilience and cyber security. The survey, conducted this year updates one carried out in 2009. Over 3,300 charities took part and,...
Getting your charity audit right

Getting your charity audit right

The Charity Commission is concerned that some auditors are letting charities down. According to the Commission, over half of the accounts submitted by charities failed to meet basic benchmarks. It stresses that 44% did meet the required standards for a charity audit...

Assurance options

For various reasons a business or a charity may need to assure interested third parties, its own management or shareholders/stakeholders that its financial statements are a true representation of its financial position. There are several ways that this assurance may...

Charities materially misstate accounts

The Charity Commission expects trustees to take compliance with accounting requirements seriously. It was not impressed with the 97 charities, with a collective income of almost £195 million, who filed accounts where their auditors stated that the accounts were or...

Charity newsletter

In this issue of our charity newsletter we consider the impact of fundraising regulation, relevant consultations and legislative changes. We also include an update on Gift Aid and the Gift Aid Small Donations Scheme, Digital advice for charities and the introduction...

Cashflow is king

We all know the importance of a healthy cashflow, but controlling it relies heavily on having a robust cashflow forecast that is regularly updated and reviewed. With your forecasts in place, to tightly control the flow of cash you will need to: Invoice; accurately,...