Updates from the Charity Commission

By Stephen Mathews | 30 September 2019

 

The Charity Commission continues to publish inquiry reports where it has investigated weaknesses in charities. Here we highlight just two. The first deals with apparent failures in accountability and financial administration; the second has similar themes also incorporating significant payments in cash and payments made to trustees.

Read more...

Charities SORP governance review 2018/19

By Stephen Mathews | 25 September 2019

 

The Charity SORP has been with us for around 35 years, setting out the reporting requirements for charities that report on the accruals basis. In general, it applies to all charities that are structured as companies, all charities with gross income above £250,000 and any other charity that chooses or is required to follow accruals accounting.

Read more...

There may be trouble ahead!

By Kevin Russell | 25 September 2019 | Comments (3)

 

When Irving Berlin penned these lyrics, he wasn’t thinking about the burden about to be placed on all UK charity trustees. But the words are strangely appropriate to changes due in a little over 18 months’ time! 

Read more...

The role of policies in church life

By Alan Hough | 24 September 2019

 

We are not a business; we are a church! Don’t policies just sit on a shelf or stifle God’s work?! These are some of the comments that we come across when talking about policies and church governance. 

Read more...

A question of pensions

By Jackie Fletcher | 23 September 2019

 

The most common theme of all the questions that we receive from our payroll clients here at Stewardship is that of workplace pension requirements. This area continues to be a major headache for employers as they seek to remain compliant and avoid penalties and costly errors.

Read more...

Spotlight on... Grace Sutton, Trustee at Connect Church

By Ruth Leigh | 17 June 2019

Our Training for Trustees days explore the interaction between finance and faith, unpacking what makes churches and charities healthy with regards to trusteeship. Delegates receive helpful pointers on issues such as Gift Aid, tax and employment.

Ruth Leigh caught up with one of our recent attendees Grace Sutton to find out a bit more about her and her experience of the day.

Read more...

Three Key Updates To Gift Aid - June 2019

By Kevin Russell | 17 June 2019 | Comments (3)

This month we bring you three key updates to Gift Aid, including an increase in the individual gift limit for the Gift Aid small donations scheme (GASDS), new HMRC preferences on names, and a reminder about church finances/taxes being a team sport. 

Read more...

Staff Pay: What Should You Pay Your Ministry Team?

By Alan Hough | 17 June 2019 | Comments (1)

The greatest asset that your church has is your ministry team. These are the folk at the cutting edge of much of what goes on in, and through, your church as they lead the church forward. Whilst we readily acknowledge their importance, do we honour them in thinking well about remuneration levels and in communicating well about matters of pay?

Read more...

Why Your Donors Might Benefit From Gift Aid Carry Back

By Rachel Steeden | 17 June 2019

It’s not too late to make a charitable gift in tax year 2018–2019

 

The new tax year has begun, but it’s not too late for your members to make a tax-efficient gift for 2018–2019.

 

As you’ll know, your members can only claim Gift Aid on a donation if they’ve paid enough income or capital gains tax in that year to cover the basic rate tax your church will reclaim, as well as any higher or additional rate tax they will reclaim personally. 

Read more...

Important Updates From The Charity Commission - June 2019

By Alan Hough | 17 June 2019

The Charity Commission have recently published two key updates, which churches and charities need to be aware of. Alan Hough unpacks the guidance. 

Read more...