This session will give you an overview of the statutory reporting requirements for charities and will highlight important areas including the different types of charity funds, how to recognise restricted and unrestricted income and your legal obligations for reporting on a charity’s fundraising activities and the related income raised.
Learn what management accounts are, how they are used, and how to present them.
Get guidance on different approaches to allocating costs and how to identify the full cost of activities to help you plan effectively and maximise income.
VAT and tax can be managed to enhance your income. This session will outline the three key areas to consider:
Hear what trading activities are taxable and the rules that apply to fundraising activities when trading such as commercial sponsorship; cause related marketing (use of name and logo, charity of the year) and planning fund-raising events.
Learn what can be gift aided and ensure you are meeting regulatory requirements around declaration wording and record keeping. Understand Gift Aid rules relating to benefits; membership and patron schemes and fund-raising events.
VAT rules can be complex and difficult to navigate. This overview will focus on the key points fundraisers need to be aware of in relation to VAT. By the end of this section you will know where to apply zero rated reliefs, and when a donation is a true donation, along with how to apply VAT to :
- Membership and patron schemes
- Challenge events