Knowledge Hub


 
  • Utilising going concern information as a management tool to benefit your charity

    Topics: Funding / Accounting and reporting
    Posted by: Tracey Moore
    On: 22.08.2024

    Tracey Moore from UHY emphasises the importance of going concern information for charities. She explains how budgets and cashflow forecasts can be used as management tools beyond audit purposes. By regularly updating and analysing this information, charities can make informed decisions, improve financial planning, and strengthen their relationships with grant providers.

    Time to read: 8 minutes
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  • HMRC figure shows slight rise in tax relief for charities

    Topics: Tax and VAT / Gift Aid / Accounting and reporting
    Written by: Glyn Sheldon
    On: 13.08.2024

    HMRC figures show that tax relief for charities and their donors increased by 3% to just over £6bn in the last tax year. Read more about the impact of tax relief, and remember Gift Aid Awareness Day is coming up soon on Thursday, 3 October.

    Time to read: 1 minutes
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  • UK's private schools will see removal of VAT exemption from January 2025

    Topics: Tax and VAT / Governance, legal and compliance / Accounting and reporting
    Written by: Richard Sagar
    On: 01.08.2024

    The government has published its proposals to remove VAT exemption, and charitable rate relief, to private schools. CFG's Head of Policy, Richard Sagar, provides an overview.

    Time to read: 2 minutes
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  • The vital role of finance leaders in charity turnaround

    Topics: Risk / People and culture / Leadership and career development / Financial sustainability / Crisis management / Accounting and reporting
    Written by: Emma Abbott
    On: 17.07.2024

    Interim Finance Director and turnaround specialist, Simon Hopkins, shares his key insights and advice on successfully turning around struggling and failing charities.

    Time to read: 4 minutes
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  • Long read

    De-banking: can charities prevent bank account closures?

    Topics: Risk / Governance, legal and compliance / Banking and financial services / Accounting and reporting
    Written by: Sam Burne James
    On: 09.04.2024

    How has being ‘de-banked’ grown to be such a major risk for charities? What can charity financial professionals do to safeguard their organisations from it? And is there hope on the horizon? Sam Burne James has (some) of the answers…

    Time to read: 10 minutes
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  • CFG briefing: spring budget analysis 2024

    Topics: Tax and VAT / Pensions / Governance, legal and compliance / Gift Aid / Funding / Economy and policy / Accounting and reporting
    Written by: Richard Sagar
    On: 06.03.2024

    CFG takes a look at the Chancellor's spring budget announcements and analyses what they mean for the charity sector.

    Time to read: 19 minutes
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  • Economic Crime and Corporate Transparency Bill and internal controls

    Topics: Risk / Governance, legal and compliance / Fraud / Economy and policy / Accounting and reporting
    Written by: Helena Wilkinson
    On: 05.03.2024

    New laws to prevent fraud have now come into effect. Helena Wilkinson from Price Bailey looks at what they mean for charities and shares an overview of updated Charity Commission guidance.

    Time to read: 2 minutes
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  • Finance data architecture: the hidden secret to success

    Topics: Procurement and resources / IT, technology and digital / Accounting and reporting
    Written by: Iain Goldmann FCIPD
    On: 05.03.2024

    After spending a significant period of time working with various charities, we have found the hidden secret behind successful charity finance teams: finance data architecture. Iain Goldmann, partner at Cloud Doing Good, explains.

    Time to read: 3 minutes
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  • New guidance on accepting, refusing and returning donations to your charity

    Topics: Risk / Governance, legal and compliance / Charity finance policy / Accounting and reporting
    Written by: CFG
    On: 05.03.2024

    Not sure whether to accept, refuse or return a donation? CFG takes a look at the Charity Commission's new guidance which sets out the latest legal rules for trustees.

    Time to read: 2 minutes
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  • Team Talk: how outsourcing is working for CFG

    Topics: Procurement and resources / People and culture / Financial sustainability / Accounting and reporting
    Written by: CFG
    On: 04.03.2024

    In 2022, as we headed out of the pandemic and into a cost of living crisis, CFG outsourced part of its finance function to enable the team to focus on broader challenges and opportunities. Read on to find out what we did, how we did it and what we learned.

    Time to read: 3 minutes
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  • Struggling to submit your annual charity report and accounts?

    Topics: Governance, legal and compliance / Accounting and reporting
    Written by: Dr Clare Mills
    On: 16.01.2024

    Difficulty filing this year's accounts due to pressures on your auditors? You're not alone! Dr Clare Mills shares the risks of late submissions along with the latest 'next steps' advice from the charity regulators.

    Time to read: 4 minutes
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  • Policy

    CFG Briefing: Autumn Statement 2023

    Topics: Tax and VAT / Pensions / Governance, legal and compliance / Funding / Financial sustainability / Environmental, social, governance (ESG) / Economy and policy / Accounting and reporting
    Written by: Richard Sagar
    On: 22.11.2023

    What does the Chancellor's Autumn Statement mean for you and your organisation? Richard Sagar, Head of Policy, CFG, takes an in-depth look.

    Time to read: 24 minutes
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