Sarah Atkinson – Have your say on the annual return for charities

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November 14, 2017 at 09:30

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. 

De-risking innovation to build a sustainable future

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October 12, 2017 at 15:00

In a traditionally risk-averse sector, we can adopt agile working practices and a portfolio approach to innovation to mitigate against perceived failure. But the biggest risk is allowing too much caution to be the enemy of long-term sustainability and progress, argues Thea Dexter from Good Lab.

Do I need a fraud response plan?

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September 25, 2017 at 09:57

Although many organisations seek to mitigate the risks of environmental or man-made crises by developing a disaster recovery plan, very few apply the same rationale to the risks associated with fraud.

Responsible Record Keeping: what do voluntary organisations need to know?

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January 31, 2017 at 13:22

In 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 and record management and how our new project can support you. 

Should trustees worry about fraud?

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November 9, 2016 at 13:07

Trustees Week 7 – 13 November 2016 Many people still think that financial controls and audit activity is all about preventing and detecting fraud – well not quite. It’s actually about complete and accurate data so you can base your decisions on reliable information. Fraud is just one of the reasons why your records may be false. But how should trustees get some assurance about the management of fraud risks to their organisation? An important first step is to talk about fraud. Many shy away from such discussions but in doing so, they stumble at the first hurdle. Boards need […]

Audits, thresholds and transparency

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January 30, 2015 at 11:34

Last week, the Cabinet Office consultation on the future of the audit threshold for charities concluded. Charity Finance Group, in partnership with NCVO, responded to the consultation on behalf of members. Audits are an important part of the regulatory landscape for charities, and the government has proposed lifting the threshold for which charities have to have their accounts audited from £500,000 to £1m. We have supported this move, in line with responses from members to a previous consultation which proposed lifting the audit threshold. For many small and medium sized charities, audit costs can be significant and may not be […]

Are IT teams in charities evolving from gatekeepers to digital enablers?

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March 25, 2014 at 10:19

John Simcock, Charities Director at eduserv, tells us about their latest research into Digital transformation in UK charities. This week we’ll be attending the CFG annual IT conference and thought it would be a good opportunity for charity leaders to consider the future role of the IT team within their organisation. We recently conducted research in partnership with CharityComms with 100 digital and IT charity leaders. The full findings are included in our report ‘Delivering Digital Transformation in UK Charities’ but some of the key findings may appear as cause for concern for charity leaders. It found that 73% thought their […]

FATCA: What charities need to know

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May 10, 2013 at 10:59

Eva Abeles and Melora Jezierska provide an update on the current status of FATCA legislation and its implications for the charity sector It is fair to say that FATCA (the Foreign Account Tax Compliance Act) has not been on the charity world’s radar as it is, after all, a piece of US tax legislation.  However, charities operating internationally should be aware of FATCA to ensure they are not inadvertently caught by the rules.  What is FATCA? FATCA is extra-territorial US legislation which seeks to combat US tax evasion in a rather heavy-handed manner.  It requires foreign financial institutions (‘FFIs’), e.g. banks, […]

CFG Annual Conference 2013 opening plenary speaker Matthew Taylor hints at his upcoming speech…

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May 2, 2013 at 07:53

It is always dangerous for me to describe what I plan to say in a speech ahead of delivering it. As my father once said to me ‘I don’t know what I think until I hear myself say it’. When I was asked to speak at the CFG conference, the organisers referred to a blog post I had written on farming. In this I had argued that interest groups – like the farming lobby – often face a choice between three types of narrative: ‘we’re facing crisis’; ‘we’re being faced with a crucial/terrible choice’; or ‘we are the best answer […]

Real Time Information: are you ready for the changes to payroll?

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March 18, 2013 at 11:09

The start of the new tax year will bring with it significant changes to the way PAYE is administered. The big question for employers is – have you been paying attention? Susan Ball, director of the Employers Advisory Group at national tax, audit and advisory firm Crowe Clark Whitehill runs through the changes coming under Real Time Information (RTI) PAYE reporting system.   HMRC wrote to all employers in early 2013 to let them know their RTI migration date. For most this is likely to be the next payment run after 06 April 2013.  What is RTI? RTI is more […]