COVID-19: Stewardship is operating as usual and we are aiming to provide as close to normal service as we can.
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Staff-related matters (including furlough scheme update)

By Jackie Fletcher | 5 June 2020

There are two major updates for staff-related matters at this time.

The first relates to employment contracts. On 6 April this year, new regulations came into force with significant changes to the rules on written statements of employment. The first major change is that employees, and now also paid workers, have the right to a written statement of employment on day one.

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Making decisions as trustees

By Stephen Mathews | 4 June 2020

We recognise that being a church or charity trustee at the present time is not easy. All the normal rules of operation appear to be removed, and even the simple task of meeting together to discuss issues is not possible. So how do you make biblically based decisions at a time like this?

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Available financial assistance (other than the furlough scheme)

By Alan Hough | 3 June 2020

The Government has launched several loan schemes designed to finance entities through the difficulties caused by COVID-19.

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Completing the Annual Report and Accounts

By Stephen Mathews | 2 June 2020

If you are in the process of compiling your Annual Report and Accounts (particularly on an accruals basis) then COVID-19 can’t be ignored. This is partly about what is legally required but also about what people want to know. References to COVID-19 will range from the fleeting, through considering possible post balance sheet events, right up to being the cause threatening whether your church or charity can continue.

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Managing your organisation’s finances - remembering that cash is king

By Alan Hough | 1 June 2020 | Comments (1)

Sharpen - cash is king

There is an old financial saying that “cash is king”. The reason being that if your church or organisation is going to run into financial difficulties, then a lack of cash (that is money held in readily accessible bank accounts) will almost certainly be the cause of it.

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Corporate Criminal Offence

By Stephen Mathews | 24 March 2020

2017 saw the introduction of a new Corporate Criminal Offence of “failure to prevent the criminal facilitation of tax evasion”.

It is intended to prevent executives who help others to evade tax hiding behind company protection.

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Converting a Charitable Company into a CIO

By Stephen Mathews | 24 March 2020

Regardless of size, any charitable company is now able to convert into a Charitable Incorporated Organisation (CIO).

Because for a company this is simply a change of structure, the organisation retains its “corporate personality” but is no longer required to follow Company Law regulations. 

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Partnering with Your Donors: How to Help at the End of the Tax Year

By Rachel Steeden | 24 March 2020

Sunday 5 April 2020 marks the end of another tax year. 

Many of your donors will pay all their tax at source (for example through PAYE on employment earnings) and will not need to complete a tax return. However, your donors may need to complete a self-assessment tax return if (for example) they are self-employed, they have income not taxed at source, or they wish to reclaim higher or additional rate gift aid. 

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Probably No Trouble Ahead. But...

By Kevin Russell | 24 March 2020

Our previous article, ‘There may be Trouble Ahead!, alerted churches and charities to the possibility of having to register with HMRC as part of the ‘Trusts Registration Service’ (TRS).

This comes about as a result of implementation of the 5th Money Laundering Directive (5MLD).

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Organisational and Workplace Culture

By Alan Hough | 24 March 2020

In a departure from its normal practice, a recent Charity Commission’s enquiry into Save the Children focused solely on matters of employment and workplace culture.

At its heart was the way that the charity dealt with allegations of sexual and other forms of harassment made against two members of its senior management.

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