It may sound surprising, but a large number of charities struggle to spend their income on meeting their charitable objectives for the public benefit. Working in conjunction with the UK Community Foundations Network and the CCEW, the ‘Revitalising Trusts’ programme seeks to assist inactive or ineffective charities by helping them to identify beneficiaries and spend their income ...
Enhanced register of charities
Anyone who has used the CCEW register of charities since early September will have noticed that it has undergone a major transformation. As well as a more modern look and feel, the range of information that is presented has also been increased with a view to enhance public understanding of how the charity operates and improve transparency. Additional information that is now p ...
Furlough Scheme extended to 30 April 2021
The Chancellor, Rishi Sunak, has announced the furlough scheme is being extended for an extra month, until the end of April 2021. The government will also continue to pay 80% of wages until the end of the scheme, i.e. that the government contribution will not be reduced at the end of January. More information can be found on the government website: https://www.gov.uk/governm ...
Charity News: Independent examination
The COVID-19 pandemic will have a significant impact on the independent examination of charity accounts, both on the nature of the work that will need to be performed and the practical difficulties involved. To address these issues the charity regulators have published supplementary guidance for independent examiners for the work they perform during times of national emergency. ...
Gifts to employees can be tax-free
Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee. A tax exemption is available which should help employers ensure that the benefits provided are exempt and do not result in a reportable employee benefit in kind. In order for the benefit to be exempt it must satisfy t ...
Charity News: Transparent and accountable governance
In June CCEW issued an alert for charities, highlighting the importance of transparent and accountable governance. The alert is aimed at larger charities, those with income over £9 million with a complex governance and management structure and where they are a service providing charity where front line staff interact with beneficiaries, some of whom may be vulnerable. Your char ...
Is your business prepared for Brexit on 1st Jan 2021
You will be aware that we are now approaching the end of the transition period on days away before we fully leave the EU. The main areas affected by this are imports and exports of goods within the EU. The link below is a step by step guide, asking you a few questions so that it will provide you with the relevant information to your business from the 1st of January. Other ...
Charity News: Fundraising guidance 2020
The Fundraising Regulator and the Chartered Institute of Fundraising have recently published guidance for charities on how they can restart their fundraising activities safely. Prepared in consultation with Public Health England and the Health and Safety Executive, this new guidance sets out key principles to be adopted to ensure that fundraising can be carried out safely and s ...
Updated Self-Employment Income Support Scheme Grant Extension
Updated 24th November 2020 The Self-Employment Income Support Scheme Grant Extension provides financial support to the self-employed in the form of two grants, each available for three month periods covering 1 November 2020 to 31 January 2021 and 1 February 2021 to 30 April 2021. To make a claim for the third grant a business must have had a new or continuing impact from coro ...
Ward Williams Tax & Accounting Newsletter - November 2020
There is a wide range of financial support available under the Government’s economic rescue package, but it can be difficult to identify the measures most relevant for your specific circumstances. Ward Williams provide a simple overview of the most common financial issues arising for businesses and individuals affected by COVID-19. For further information please get in touch wi ...