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

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January 24, 2014 at 15:12

As the economy is beginning to show tentative signs of recovery, the most pressing question on the minds of many in the charity sector is how this will impact on their organisations. Whilst during the recession the charity sector has proven itself to be both resilient and flexible in its battle to cope with increased demand and reduced funding; the impact of the economic downturn has been significant with charities experiencing challenges such as cuts in frontline staff, closure of services and a drop in donations. The widespread effect of these tough economic times on the charity sector has been […]

Accounting for different charity structures

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November 15, 2013 at 12:22

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 SORP, provides part of the anchor, but should also enable innovation.  That’s where references in financial reporting guidance to new age concepts like social investment can come in.  But it’s not just about the newbies; old chestnuts such as how to account for trading subsidiaries are also critical to innovation.  Charity trading has developed immensely, from something previously aligned with running a few charity shops, to contracting out services, selling […]

Tweaking the annual return

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July 24, 2013 at 20:05

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 territory for us, and a rather a novel way to get our heads around the Charity Commission’s latest consultation, ‘Developing the content of the annual return and information displayed on the register of charities’. While not the liveliest of issues we’re working on right now, this stuff matters – our members agree as over 150 of them took the time to send us in their thoughts.  Accounts, reports and the […]

‘Tell me what I have to do…’

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January 29, 2013 at 16:45

The Impact Leadership Conference, a new addition to the CFG calendar and a new collaboration with our partners NPC, promised to be challenging and exciting from the start.  Impact is highly topical, and following the work that has been done to cement some basic principles and ideas sector wide, it seemed timely to hold an event which would offer support to sector leaders that really want to take this on, to get better at it and to further develop peer learning. To say the least, there is varied understanding of impact in the sector.  There are those that probably believe […]