The Charities Aid Foundation has recently published its latest World Giving Index to identify geographical trends in public generosity.
As a charity, keeping good accounting records is at the heart of both excellence in public accountability and effective decision making.
Read our summary of the NCVO’s UK Civil Society Almanac 2023, sharing the latest data on the voluntary sector’s size, finances and people.
It can sometimes be good to brush up on the facts to ensure that you’re abreast of charity regulations and recent developments. The Charity
This article covers some of the key misconceptions the public have about how charities manage their finances and help clarify the facts.
Most charities need public support; therefore, how people interact and think of charities is intrinsically linked to what they can do.
With a long history of philanthropy and a deep-rooted commitment to transparency and accountability, the UK has developed a comprehensive framework that ensures the effective governance and financial management of charities operating within its borders. Finances are important, but are only part of the story of what makes a charity successful.
Does your charity have good Gift Aid processes in place? Are you making most effective use of the Gift Aid scheme?
We’ve noticed an increase in investigations by the Charity Commission linked to the non-submission of annual returns, reports and accounts, particularly where there has been non-compliance over a sustained period of time. So, what can you do to make sure your charitable organisation is not at risk of this?
In an attempt to slow price rises, the Bank of England has increased interest rates for the thirteenth consecutive time to 5%, the highest in almost 15 years.
Under charity law, a charity’s funds are either income funds or capital funds, and are either restricted or unrestricted. Knowing what nature of resources you have and what this means for how you can use them is essential for making the most of what they can achieve.
Having effective internal financial controls is vitally important for charities of all shapes and sizes. Putting meaningful checks and procedures in place will help ensure trustees protect their charity’s assets and finances, as well as enhancing the quality of their decision making, as they seek to put those assets to work for the public benefit.
