Charity Newsletters

Welcome to our Charities Newsletter brought to you by Mark Williams, our Charities Partner. If you would like any further information on any of the posts please call Mark on 01872 276116 or email him at mark.williams@rrlcornwall.co.uk.

To read the older newsletters in PDF format you will need to have PDF software installed on your computer. A popular choice is Adobe Reader, which is free and available to download from Adobe here.

Charity Newsletter Spring 2017

Posted on: April 25th, 2017 by Tim Buringham

Click here to read the Charity Newsletter Spring 2017 in full.

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Apprenticeship Levy

Posted on: April 24th, 2017 by Tim Buringham

From 6 April 2017 all employers, including charities, who have an annual paybill (broadly earnings subject to class 1 national insurance) of over £3,000,000 will be subject to the apprenticeship levy.

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England and Wales – New Guidance

Posted on: April 24th, 2017 by Tim Buringham

The CCEW have issued updated guidance aimed at supporting charities to meet their annual reporting duties under SORP FRS 102

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Independent Examination

Posted on: April 24th, 2017 by Tim Buringham

Several recent developments such as the increase in the audit threshold to £1,000,000 and the increased threshold for preparation of consolidated accounts to £1,000,000, have led to the CCEW publishing a consultation on updated Directions and guidance which independent examiners must follow.

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Reporting Serious Incidents

Posted on: April 24th, 2017 by Tim Buringham

The CCEW have been consulting on proposed updated guidance for charities ‘What to do if something goes wrong: reporting serious incidents’. The updated guidance aims to help charities to identify what to report and when. It also provides guidance including: a list of the most common types of incidents; and explains who to report to […]

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Power to Disqualify

Posted on: April 24th, 2017 by Tim Buringham

The CCEW has completed a consultation which sought views on the use of their discretionary disqualification powers which were introduced in October 2016.

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Matters of Material Significance

Posted on: April 24th, 2017 by Tim Buringham

Auditors and independent examiners have a duty to report to the relevant Regulator matters of material significance which they discover in the course of carrying out their audit or examination work.

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SORP FRS 102

Posted on: April 24th, 2017 by Tim Buringham

The joint SORP-making body and SORP Committee are in the process of a research exercise to identify necessary changes to the SORP as part of the triennial update.

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Gift Aid Update

Posted on: April 24th, 2017 by Tim Buringham
  • The Small Charitable Donations and Childcare Payments Act received Royal Assent in January 2017 and makes amendments to the legislation that underpins the Gift Aid Small Donations Scheme (GASDS).
  • In response to an analysis of common errors made by charities when submitting Gift Aid Small Donations Scheme (GASDS) claims, HMRC have made available revised instructions and spreadsheets.
  • The government have been reviewing the Gift Aid donor benefit rules with the intention of simplifying them.
  • New processes being introduced by HMRC will make it easier for individuals to give to charities through digital channels.
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    Common Tax Mistakes

    Posted on: April 24th, 2017 by Tim Buringham

    The Charities Outreach Team which was set up by HMRC aims to provide help and support to charities, and enable them to understand, benefit and claim reliefs through Gift Aid, the Gift Aid Small Donations Scheme (GASDS) and the Employment Allowance.

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    The above information should not be used to make decisions in isolation without consulting a professional adviser.