Charity alert - Academies Accounts Direction 2021/22
The ESFA have published the Academies Accounts Direction 2021 to 2022 for academy trust accounts ended 31 August 2022, along with an updated model set of accounts, and an updated Framework and guide for external auditors and reporting accountants for the same period. It is not expected that there will be a further Supplementary Bulletin this year.
Charity alert - 'the Charity Commission’s flexible approach to charity meetings will come to an end from 22 April'
Changes announced to come to affect on 22nd April 2022.
Charity alert - 'five minute guides' for Trustees
The Charity Commission has released a series of animated videos to promote its “five minute guides” for Trustees which were launched last year.
Inflation-based ‘triple whammy’ means charities need strategies to tackle soaring costs
A triple whammy of soaring staff costs, donations being eroded by inflation, and rising demand for services means that charities are having to put in place anti-inflation strategies, says Kyle Smith of Lovewell Blake’s specialist Charity team.
Charity Investments
The results of the Charity Commission 2021 Covid-19 Survey indicated that 49% of charities have lost income from fundraising activities, whilst 35% have lost income from trading and other income sources.
Preventing fraud in the charity sector - why charities are particularly vulnerable right now
Charities need to be extra vigilant against fraud, with the continuing pandemic and the accompanying tough economic times leading to an increased risk of such organisations being targeted, says Rebecca Frost of Lovewell Blake’s specialist Charity team.
COVID-19 Survey 2021
The Charity Commission have released the results of independent research they have commissioned on how charities in England and Wales have been affected by the pandemic.
Is your charity’s ‘rainy day’ fund enough to weather another storm?
Charity trustees need to be turning their minds to their organisation’s reserves policy as we emerge from the pandemic, says Mark Proctor of Lovewell Blake.