Articles

Discipline makes daring possible

If a charity has the internal disciplines to properly understand the risks it faces and how those risks can be effectively managed, then it can have the confidence to be daring in exploring new opportunities and ensuring it is doing the very best it can for its beneficiaries. Read more…

Transparency is more important than ever in the UK’s charity sector

A number of high-profile financial scandals have affected the charity sector in recent times. To regain the public’s trust it’s essential for charities to maintain clean financial records and to enlist the right help in preparing their accounts for scrutiny. Read more…

International NGOs – balancing risk with opportunity

As recent political events take their toll on the international NGO sector, Sayer Vincent brought together charities from the sector to discuss the risks and plans to move forward. Jonathan Orchard, Partner, highlights key risks and the many potential opportunities that came from the discussions. Read more…

Charity reporting changes: what you need to know

On the accounting and regulatory front, charities, their finance staff and accountants have had plenty on their plates lately. From the recent transition to FRS 102 requirements, to the demise of the small charity SORP, new disclosures and revised regulations have come in wave after wave. Read more…

Managing risk in charity shops

Charity shops staffed by volunteers generate income and build brand, but they need a bespoke approach to risk management. Kate Sayer shares her practical guide on how to effectively manage risk in charity shops. Read more…

Sayer Vincent: Not in it for the profit

Partners Kate Sayer and Judith Miller talk to economia magazine about why providing support and advice to the charity and not-for-profit is central to the success of Sayer Vincent. Read more…

The five major risks all charity board members need to think about

Charities often deal with risk by preparing a register of all the things that could go wrong. But a long list, ranked for probability and impact, does not necessarily mean that you are managing risk. Read more…

Common reporting standard – what it means for charities

The common reporting standard (CRS) will net not only businesses but also charities when it comes into force in 2017 but the decision to include charities is an excessive administrative burden and needs to be reviewed. Read more…

Trustee responsibilities in respect of a charity’s finances

The trustees of a charity are collectively responsible for the governance and management of the charity – this includes financial management. With the executive team, trustees set the strategic direction for the charity, but this needs to be converted into financial plans and then monitored. Read more…

Preventing fraud in charities through better internal controls

A report in 2014 from the Centre for Counter Fraud Studies concluded that the charity sector was no more or less exposed to fraud loss than any other sector. They estimated that fraud loss is generally 5 per cent of income – so for the charity sector this amounts to £1.65bn a year. Read more…

Lessons for trustees from public investigations

The Public Administration and Constitutional Affairs Committee (PACAC) recently published two reports on charities – one on the fundraising scandals and one on Kids Company. For well-run boards, there may be nothing new, but here are thoughts on some lessons to draw from these reports for charity trustees with an international focus. Read more…

Gift Aid – more change on the horizon

After some months of discussions, HMRC has agreed to change the health warning on the Gift Aid declaration that charities should use from 6 April 2016. Read more…

Stress-testing your charity – a guide for trustees

Charity trustees carry a lot of responsibility – they are ultimately responsible for everything the charity does, so how do you get under the skin of the charity and really understand what might trip it up or make it hugely successful? Read more…

Social Investment Tax Relief

Helen Elliott explains the idea behind Social Investment Tax Relief and how it works. Read more…

Charity governance

As more parliamentary committees probe the collapse of Kids Company, it is time that charity trustees stopped being bona fide club supporters and instead became the voice of objectivity to improve standards of governance at charities, warns Kate Sayer. Read more …

How you get the funds is important

Kate’s guest blog on UK Fundraising focuses on ethical fundraising and the problems of short-term targets. Read more …

Dealing with the question of remuneration

Judith Miller explains that charity trustees need to think about how their remuneration policy matches the charity’s mission and values. Read more …

Transparency means not being defensive

Kate Sayer thinks details of pay, fundraising, campaigning and reserves should all be on your website. Read more …

Beyond risk registers

Kate Sayer and Jonathan Orchard spoke about risk registers at the recent Charity Finance Summit. Read their follow up article on the Civil Society website. Read more …

Changing charity financial leadership strategies

Kate Sayer urges charity financial managers to change their mindset to the overall benefit of their charity. Read more …

Administrator or leader?

Simon Hopkins, CEO of Turn2Us discusses the importance of financial leadership. Read more…

Charity tax planning

With many regulations to comply with, charities have to be creative in generating income yet this risks their tax exempt status – treasurers and advisers need to therefore be careful and ensure a robust tax strategy when planning. Read more …