Accounting and reporting

Transparency is become more and more important to the charity sector. Charites have specific reporting and accounting rules which are codified in the Statement of Recommended Practice (SORP). These rules apply across the sector and help charities to explain their activities to the public, funders and regulators.

Finance professionals are traditionally responsible for ensuring that reports are accurate and accessible. But it’s also important that charities make their reports stand out – after all, Annual Reports are a charity’s shop window. Use our resources to improve your technical competence, but also produce reports that people want to read.

 

Finance Focus May 2018
24 May 2018

Record management in charities: a toolkit for improvement
1 June 2017
Charity Finance Group and the British Academy Research Project Digitising the Mixed Economy of Welfare in Britain, based at UCL Institute of Education, have launched the Record management in charities: ...

Annual Report 2016-17
31 March 2017

Banking for Charities
1 April 2016
'Banking for Charities' is a short guide, produced in collaboration with the British Bankers' Association, aimed at those who manage the financial affairs of a charity or voluntary organisation. The ...

Annual Report 2015-16
31 March 2016

Best foreign exchange practice for Charities and NGOs - white paper
22 January 2015
Submitted by Ebury, this whitepaper details how NGOs and Charities can offset their currency risk using tested strategies.

Annual Report 2013-14
31 March 2014

Annual Report 2012-13
31 March 2013

Reporting - Do you have the right tools for the job?
1 January 2013
When it comes to reporting, Finance Directors and their teams have more choice than ever. Despite the seemingly large array of reporting tools on the market, most fall into five ...

Beyond Reserves
6 June 2012
Beyond Reserves has been produced by CFG, ACEVO, the Institute of Fundraising and Sayer Vincent, and looks at the strategic management of charity reserves. The publication includes insights and case ...

World Vision UK - Open Information Policy
28 July 2011
This policy ensures that all stakeholders and interested parties can request information from World Vision UK and will receive a response within 40 days.

Top 10 Take Away Tips for Travel Savings
7 June 2011
Some top tips for travel savings.

Treasury Policy
31 May 2011
Institute of Development Studies' Treasury Policy.

Banking Tender
25 May 2011
It is a surprisingly common fact but many charities do not have a regular process for reviewing their banking arrangements. Those organisations that do have such a policy will often ...

Group Cash Flow
16 May 2011

Cash flow template.

White Paper - 5 Tips to Speed Up Month End Reporting
16 May 2011
This document examines Month End Reporting and gives the reader 5 tips to speed up the moth end reporting process.

White Paper - Reducing Complexity with Web-based Accounting
16 March 2011

Company Cars
21 May 2010
Company cars policy from Motability.

Accounts Procedures
25 March 2010
Accounts procedures from Peel Institute.

Report on the Independent Expert Group on Expenses
28 February 2010
This report sets out the findings and recommendations of the Independent Expert Group on Expenses.

International Financial Reporting Standards and Charities
1 January 2010

Finance handbook extract - expenses
18 December 2009
Describes the policy and procedure for charities when handling expenses. Also outlines practical and procedural steps in implementing effective expenses systems.

Impact reporting - What impact is being made?
18 December 2009
Explores impact reporting and the challenges for charities of assessing and reporting their impact tin their field, using survey and secondary research methods.

Impact reporting: Value vs. Cost: Looking at a Sample Of Charities, Which Has Led to the Biggest Impact?
11 December 2009
Charities are under increasing pressure to measure and communicate the impact of their work. This pressure is both internal (as organisations struggle with the recession) and external (as beneficiaries, funders ...

Would you like to save 20% of your travel budget?
11 November 2009
Tips for saving on your travel budget from Key Travel.

Authority Limits
2 October 2009
This policy names the Directors and Managers who have the authority to purchase goods and services and/or to make payments on the charity’s behalf.

Ethical Purchasing Policy
11 September 2009
Ethical purchasing policy from Oxfam.

Purchasing, Procurement and Invoicing
26 August 2009
Purchasing, procurement and invoicing.

Travel & Subsistence Policy And Procedures
26 May 2009
Travel & Subsistence Policy And Procedures.

Purchase Card Reconciliation: Boosting Purchase Card ROI Through Tighter Business Integration
18 February 2009
Purchase Card Reconciliation: Boosting Purchase Card ROI Through Tighter Business Integration

Charities and Insolvency
4 December 2008
Written for CFG members by Pesh Framjee, Head of the Not for Profit team at Horwath Clark Whitehill LLP and CFG Special Adviser, this is a detailed guide to Charities ...

Accounting Software - Made Simple Guide No.11
1 November 2008
Accounting Software - Made Simple Guide No.11.

Supplier Questionnaire
1 February 2008
Supplier questionnaire template.

Sustainable Procurement Policy
6 January 2008
Sustainable procurement policy template.

Annual Report 2006-07
31 March 2007

Cash and Treasury Management
16 June 2006
Benchmarking workshop: Cash and treasury management.

The Charity Treasurers Forum
7 February 2006
The Voluntary Sector has a number of bodies that bring key people together. They roll off the tongue CFDG, NCVO, ACVO Institute of Fundraising etc.

Annual Report 2004-05
31 March 2005

Annual Report 2002-03
31 March 2003

Standing Financial Instructions
1 August 2002
Standing financial instructions.

Standing Financial Instructions - Appendices
1 August 2002
Standing Financial Instructions - Appendices

Annual Report 2001-02
31 March 2002

Annual Report 2000-01
31 March 2001

Annual Report 1998-99
31 March 1999

Annual report 1997-98
31 March 1998

CFG submits consultation response to Annual Return 2018 Survey
29 November 2017
CFG has submitted its proposed revisions and recommendations on charities Annual Return 2018. Our response draws on the evidence gathered through our consultation process with our members and the wider ...

CFG has submitted a response to the Financial Reporting Council’s invitation to comment on the exposure draft of Practice Note 11: The Audit of charities in the United Kingdom (PN 11)
31 August 2017
This exposure draft for PN 11 has been produced due to changes to the legislative and regulatory framework and developments in account and audit framework, including the new Charities SORP ...

Consultation response - Research exercise on charities SORP (FRS 102)
12 December 2016
CFG has submitted its proposed revisions and recommendations on charities SORP. Our response draws on the evidence gathered through our consultation process with our members and the wider sector.

CFG Consultation Response for Matters of Material Significance
20 September 2016
CFG has responded to the Charity Commission, OSCR and CCNI consultation on reporting matters of material significance.

Record management in charities: a toolkit for improvement
19 June 2016
Charity Finance Group and the British Academy Research Project Digitising the Mixed Economy of Welfare in Britain, based at UCL Institute of Education, have launched the Record management in charities: ...

The key to good governance - truly understanding the business
9 April 2018
Trustees need to make informed and appropriate strategic decisions for their charity and to do this, need to fully understand the business. Suzanne O’Brien, CXK, highlights the need for information ...

Sarah Atkinson - Have your say on the annual return for charities
14 November 2017
Sarah Atkinson, Director of Policy and Communications at the Charity Commission explains why all charities should take part in their consultation on the Annual Return.  The Charity Commission is ...

Do I need a fraud response plan?
25 September 2017

Fraud and the 3 C's
25 September 2017
Throughout CFG’s Counter Fraud Campaign we have talked a lot about establishing controls, culture and communications, or the 3 C’s. It is important to also think about how these 3 ...

How can charities ensure they work towards gender equality in their organisation?
3 August 2017
CFG has previously reported on the introduction of gender pay regulations for organisations that have at least 250 employees as of the 5th April 2017. Charities that fall into  this ...

What can charities learn from the recent fraud cases?
27 July 2017
Unfortunately this week there have been two high profile cases of fraud being committed within a charity.

IFS 2017 Green Budget – the good, the bad, and the worrying?
10 February 2017
On Tuesday I attended the Institute for Fiscal Studies (IFS) Green Budget for 2017. This is an annual event where the IFS looks at economic issues facing the Chancellor before ...

Responsible Record Keeping: what do voluntary organisations need to know?
31 January 2017
n this guest blog, Dr Charlotte Clements, Research Assistant on the British Academy project ‘Digitising the Mixed Economy of Welfare’, writes about the need for charities to have good archives ...

You must not miss your chance to shape the next SORP
27 October 2016
The next SORP. I know that most charities don’t want to even think about it, but the fact is that the SORP 2015 will not last forever. Soon the Financial ...

Tony Armstrong looks at Devolution: working with local organisations to transform public services
5 September 2016
Public sector finances are under severe strain. Local authorities have faced increasingly tight budgets over the last six years, and the localisation of business rates, the phasing out of central ...

Devolution is our chance to advocate for the most vulnerable
2 September 2016
Kathy Evans, CEO of Children England highlights the important voice that the voluntary sector has and how they can use it to be a power of advocacy. If those ...

CFG's SORP Survey
21 June 2016
In our previous blogs about the SORP CFG encouraged charities to be actively engaged in the consultation. It is important that charities help to shape such an important regulation document, ...

EU Referendum: What could this mean for charities?
6 June 2016
As the 23rd June appears closer and closer this Europe's Final Countdown song has never felt more relevant as the UK public decides whether they will be voting to remain ...

Another day, another opportunity for charities to engage in a consultation
24 May 2016
Just like buses, you wait around for one consultation from the Charity Commission and then you’re surprised by two turning up together. On the 19th May the Charity Commission (in ...

Friday Afternoon Fraud
13 May 2016

Is the SORP FRS 102 working for you?
5 May 2016
On the 4th May the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator (OSCR) published a research consultation on charities Statement of Recommended Practice ...

Which SORP is right for you?
5 April 2016
Helena Wilkinson of Price Bailey weighs up the benefits and challenges for smaller charities that are deciding which SORP they should use, and provides some practical advice.

Hunting for the silver lining; the IFS, the economy and charities.
12 February 2016
This week I attended the IFS’s Green Budget 2016 event, which provides an essential commentary on the economic issues facing the current government over the next Parliament. The report comes ...

What did the Romans ever know about data protection?
19 January 2016
As usual, quite a lot. Caesar famously used his cipher device to protect important and sensitive military data among his generals. So what can we learn from the famous Roman?

Cuts to BLF could have big financial consequences for charity sector
23 November 2015
You’ve probably read or seen the alarming reports over the weekend that the government may change the distribution of National Lottery Funds to divert money away from charities to the ...

What’s the risk? Implications of the summer budget for housing associations
22 July 2015

Audit or independent examination?
15 June 2015
n light of recent changes to audit thresholds, John O'Brien from Community Accounting Plus discusses the options now available, and things you should consider.

Why is transparency and reporting important for charities?
9 April 2015
Helena Wilkinson, Partner at Price Bailey   

A chance to restart the social investment conversation
31 March 2015
Last Friday saw the launch of the Alternative Social Investment Commission’s report. You can read the full report with its conclusions and recommendations here.

Can charities help end the ‘pushmi-pullyu’ of local government spending to support prevention?
16 March 2015

Caron’s comment: can profit and social change mix?
9 March 2015
I recently attended an interesting seminar on social ventures. The presenters argued that the legal construct of a venture should be irrelevant, and that it was the organisation’s ability to ...

Audits, thresholds and transparency
30 January 2015
Last week, the Cabinet Office consultation on the future of the audit threshold for charities concluded. 

Are charities losing their voice?
24 July 2014
The campaigning role of charities has stayed firmly in the public spotlight for the last twelve months and appears to be gaining traction as we head towards the General Election.

Vision for sector post-2015. What did the politicians have to say at the CFG Annual Conferece?
19 May 2014
Following our overwhelmingly successful Annual Conference last Thursday, back at CFG-HQ we are now digesting the political nuggets that were debated in our closing plenary by the Minister for Civil ...

Making CFG fit for the future
9 May 2014

Accounting at the sharp end: A report from the Community Accountancy Conference 2014
10 February 2014
I’ve not long returned from a short sojourn in rain-drenched Birmingham. Several CFG colleagues and I donned both our waterproofs and chainmail armour in order to sally forth into the ...

'Professionalism' is not a dirty word
28 January 2014
2014. I can’t quite believe that this is my fourth year working within the sector, but I’ve been sensing that the pressure on us as a ‘sector’ has intensified... Pensions. ...

A change in economic outlook- is your charity sinking or swimming… tell us!
24 January 2014

Accounting for different charity structures
15 November 2013
The legal and reporting framework anchors the values shared by charities, while still allowing flexibility where there is divergence in business model. The guidance for financial reporting in charities, or the ...

CFG has its say on the Charities SORP consultation
4 November 2013
The Charity ‘Statement of Recommended Practice’ (SORP) is the principal document informing charities on how they should report income, spending and activities to the general public. 

CEO pay - the wrong reaction?
7 October 2013

The silver lining in the charity salary saga
12 August 2013
Another week and more headlines about charity executive pay. Given the focus on bankers, business leaders, senior civil servants and local authority chiefs of late, it was really only a ...

What’s really new about the new SORP?
5 August 2013
We haven’t had a new SORP since 2005, and in that time we have managed to bring in a whole new accounting framework in the UK.

Tweaking the annual return
24 July 2013
Our policy team recently took the unusual step of completing CFG’s annual return (AR). As in most charities, this normally falls to our finance team, so this was relatively new ...

Management Accounts: Parkinson's Point of Vanishing Interest
19 April 2013

Beever and Struthers
Our client base of over 150 charities and other not for profit organisations - from small local concerns to large national names – benefit from our core services of External ...

BHP Chartered Accountants
Ranked at number 17 in the top 40 firms of charity auditors in the UK by Charity Finance magazine, BHP’s charity and not for profit team excels in this sector.

Buzzacott
Over the past 50 years, we have taken a leading role in the development and promotion of best practice in the sector and now act for over 300 charity and ...

Centurion VAT
Centurion VAT Specialists are an independent specialist VAT consultancy offering an individually tailored, cost-effective and VAT-efficient service to a wide spectrum of organisations. Specialists in VAT for the Charity Sector ...

Charity Financials
Charity Financials contains the latest financial information on all UK charities, giving a unique overview of the charity sector across financial, causal, beneficiary and geographical parameters.

Deloitte
Deloitte is the adviser of choice for the Charities and Not For Profit sector. Our specialist team have experience of dealing with a wide range of third sector bodies and ...

Goodman Jones
We help charities and social businesses by providing advice, support, and the reassurance that all the financial aspects are well-managed, allowing you to focus on your important work.

Kingston Smith
Kingston Smith can help you meet all these challenges by delivering a comprehensive range of services specially tailored for the not for profit sector including auditing, accountancy, VAT and fundraising.

MHA MacIntyre Hudson
Our insight into the Not for Profit sector is extensive; collectively MHA members are able to draw from the experience of over 1600 clients in the sector and 21 charity ...

PKF Littlejohn
Whatever the size of your charity, you want to work with a dedicated and enthusiastic team of people who have a thorough understanding of your world.

Price Bailey
Price Bailey currently acts for over 400 charities and not-for-profit organisations. The Price Bailey service proposition is built around gaining a detailed knowledge of you and your business, and our ...

SOC VAT Consultants Ltd
We provide advice on how VAT impacts on transactions across all business sectors. However our specialism and reputation lies in work for the charity and not for profit sector.