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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HMRC feedback on common Gift Aid claim errors

By Stephen Mathews | 9 June 2020

Whilst COVID-19 appears not to have significantly slowed the repayment of Gift Aid claims, HMRC has identified some common errors made on claims that do cause processing delays.

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Reserves

By Alan Hough | 8 June 2020

Reserves tend to come in two forms.

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Gift Aid on cancelled events

By Stephen Mathews | 7 June 2020

The Government has agreed to temporarily enable attendees of events that have been cancelled as a result of COVID-19 to be allowed to donate their event ticket price to the hosting charity, under Gift Aid, without the need for the price paid to be refunded to the ticket holder first.

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Increased risk of fraud and cyber crime

By Alan Hough | 6 June 2020

The Government has once again warned that fraudsters are exploiting the spread of COVID-19 in order to carry out fraud and cybercrime.

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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

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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