Article contributed by Baker Tilly, accountants.
With a new draft Statement of Recommended Practice (SORP) currently under review it looks like there will be some changes afoot for how charities will carry out their accounting and reporting.
From the 1st of January 2015, all charitable companies currently reporting under existing Generally Accepted Accounting Practice will have to report under the new FRS 102 or FRSSE and the new SORP. » Continue reading news item ... “What Does The New Charities SORP Mean For You?”
A survey for Charity Bank found that charities often struggle to obtain loan finance from high street banks on terms that are appropriate to their circumstances. Charity Bank lends solely to charities, community organisations and social enterprises.
Acas, amongst others, is reminding employers that new National Minimum Wage rates come into force Tuesday, 1st October.
The new rates are: £6.31 for people aged 21 years and over, £5.03 for those aged 18 to 20, £3.72 for 16 to 17 years old, £2.68 for apprentices under 19, £2.68 for apprentices 19 or over who are in the first year of apprenticeship.
News release http://www.acas.org.uk/index.aspx?articleid=4531 » Continue reading news item ... “Minimum wage reminder”
A Labour government would set out a “joined-up vision” for the Big Lottery Fund, Big Society Capital and the Charity Commission, shadow civil society minister Gareth Thomas told a Labour conference fringe event last week. More from Civil Society Media at http://www.civilsociety.co.uk/governance/news/content/16113/.
Third Sector also reports that Labour leader Ed Miliband told a third sector reception at the conference that the charity sector is essential to tackling some of the most serious problems in Britain, http://www.thirdsector.co.uk/news/1213076 » Continue reading news item ... “Labour sets out some thoughts on the sector”
The Charity Commission has endorsed the latest versions of two quality systems, Mind’s Quality Management and QA3 from UK Community Foundations.
The Commissions’ Quality Assessment Endorsement Programme encourages umbrella bodies to develop a set of quality standards that their members commit to, which the Commission then endorses.
Voluntary Action Islington has developed an online Voluntary Action Academy to provide affordable training for volunteers, paid staff and trustees involved in voluntary and community action, http://www.voluntaryactionacademy.org.uk/Public/. It offers a range of short courses and two awards that are accredited by the Institute of Leadership and Management.
If you are in the area, there is an introductory event on 3rd October.