Charities & Tax
January 19, 2021
HMRC Recognition
Charities can get certain tax reliefs but you must be recognised by HMRC. To be recognised the charity must be:based in the UK, EU, Iceland, Liechtenstein or Norwayestablished for charitable purposes onlyregistered with the Charity Commissionbe run by fit and proper pe...
What should be included in a charity's annual return?
January 19, 2021
Introduction
Every registered charity has to put together their Annual Report and Accounts to be submitted to the Charity Commission. For some organisations, putting this together feels like a lot of hard work with little reward. But it is much more than this.Rather than a chore that ser...
What is a Social Enterprise?
January 19, 2021
Introduction
Social enterprises are businesses that are changing the world for the better. They exist to achieve a social mission such as providing healthcare, creating jobs or advancing education.
Although profits may not be the main motivator, like traditional businesses, social ...
What is Independent Examination of Charity Accounts?
October 20, 2020
The trustees of all registered charities must produce a trustees’ annual report and accounts each year. Where a charity’s annual income is over £25,000, the trustees must also arrange for an independent person or accountancy firm to carry out either an audit or an...
