We recently reviewed the accounts of 60 charities, selected at random to represent the full scope of the Scottish charity sector, and have found four key areas where charities can improve their annual reports and accounts: 📣 Trustees' Annual Report 📊 Comparative information 💰 Reserves policy 📝 Governing documents Read our "Lessons learned from reviewing charity accounts" report for more information and tips on how to improve in these areas 👇 https://buff.ly/3zwamSU
Scottish Charity Regulator (OSCR)’s Post
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Fractional CEO| Interim Executive | Change Manager | Trustee | Board Advisor| Management Consultancy | Executive Coach & Mentor with specialist knowledge in the Charity sector
Some interesting tips from OSCR on Report and Accounts.
We recently reviewed the accounts of 60 charities, selected at random to represent the full scope of the Scottish charity sector, and have found four key areas where charities can improve their annual reports and accounts: 📣 Trustees' Annual Report 📊 Comparative information 💰 Reserves policy 📝 Governing documents Read our "Lessons learned from reviewing charity accounts" report for more information and tips on how to improve in these areas 👇 https://buff.ly/3zwamSU
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In a review of accounts submitted by Scottish charities, we found that two pieces of information were often completely or partially missing from the information supplied to us by charities in their Annual Report and Accounts: 1️⃣ Comparative Year Figures and 2️⃣ Notes to the Accounts Find out more about why these are important and what you should include in your accounts. 👇 https://buff.ly/3Ko90fu
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🔴Important update: Are you a local authority acting as a charity trustee? Their freshly updated guidance covers: ➡️ making decisions as trustee ➡️ managing charity land ➡️ dealing with conflicts of interest Read more: https://zurl.co/8XMX
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Innovation & Technology Solutions Lawyer within WBD Advance at Womble Bond Dickinson (UK) LLP | Innovation | Legal Transformation | Legal Technology | Legal Operations | AI | Knowledge | DEI | Neurodivergent
In the latest charity news: the much-anticipated changes to the Charities Act 2022 are now in force 🗞️ But what does this mean for your charity? Our experts at WBD summarise the key things you need to know in their article ▶️ https://ow.ly/FtW030sALe8
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We're pleased to feature in Third Force News' Guide to Running a Charity or Social Enterprise 2024. One of our charities specialists, Associate Director Rory McCall, highlights why a reserves policy is important. 💰 Rory covers what reserves are, what the policy should consider, the level of reserves and reassessing the policy. Read it here (page 12): https://lnkd.in/dsQvcBSx #charitytrustees #socialenterprise #nonprofitmanagement
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The latest Sector Overview Report is now available, providing an outline of the charity sector in Scotland over the last three months. Based on the information provided by charities on the Scottish Charity Register, the report details the scale and scope of the charity sector in Scotland. Find out more about the key facts and figures from the new report 👇 https://buff.ly/45YEQc2
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Charities are fundamentally different from for-profit entities in terms of their income streams, their costs, and the very reason they exist - so it is no surprise that they can present different challenges to auditors. Peter Herbert's session today at our Charities Conference will focus on the key areas of the audit where these differences arise and consider the different ways auditors might approach them depending on the circumstances of the charity. Peter will also highlight common problem areas with independent examinations and provide a general round-up on changes to regulations affecting charity accounts.
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Partner & Head of Charities | Birketts LLP Specialises in charity law and regulation and advises charities and philanthropists on broad range of charity law matters
My brilliant colleague, Nicola Morriss, has written an article sharing her top tips for charities during the cost-of-living crisis. This article really focuses on the key governance and decision-making issues for charity trustees and is well worth a read: https://lnkd.in/eeRwJrnS #charities #charitylaw #costoflivingcrisis #toptips #article
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Did you know that charitable organisations in England can obtain a mandatory 80% reduction in business rates on any property it occupies and uses wholly or mainly for charitable purposes. To find out more about charity rates relief, read our latest edition charity newsletter here ⬇️ https://lnkd.in/dgTefFf3 #charityratesrelief #businessrates #autumnspotlight
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In today's charity news: the much-anticipated changes to the Charities Act 2022 are now in force 🗞️ But what does this mean for your charity? Our experts at @WBD_UK summarise the key things you need to know in their latest article ▶️ https://ow.ly/84EF30sAAm7
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