For various reasons a business or a charity may need to assure interested third parties, its own management or shareholders/stakeholders that its financial statements are a true representation of its financial position.There are several ways that this assurance may be...
Audit
Charities materially misstate accounts
The Charity Commission expects trustees to take compliance with accounting requirements seriously.It was not impressed with the 97 charities, with a collective income of almost £195 million, who filed accounts where their auditors stated that the accounts were or...
Charity newsletter
In this issue of our charity newsletter we consider the impact of fundraising regulation, relevant consultations and legislative changes. We also include an update on Gift Aid and the Gift Aid Small Donations Scheme, Digital advice for charities and the introduction...
Cashflow is king
We all know the importance of a healthy cashflow, but controlling it relies heavily on having a robust cashflow forecast that is regularly updated and reviewed. With your forecasts in place, to tightly control the flow of cash you will need to: Invoice; accurately,...
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