Vital Venues

Accounting

Are you on top of your charity’s annual report and accounts submission?

admin January 23, 2017 Accounting Legal No Comments

3,584 charities with an income over £250,000 and financial year ending 31 March 2016 still need to file their documents before 31 January 2017. The Charity Commission is today reminding all charities, specifically those with a financial year ending 31 March, to file their annual return...

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Charity Commission frozen until 2020

The Chancellor has today announced in the Spending Review a freeze to the Charity Commission’s funding over the next 4 years. The current funding for the commission in 2015/16 is £20.3 million. The new financial settlement for the next 4 years up to 2019/20 will therefore remain as...

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Changes to Gift Aid Declarations: Guidance from the Charity Tax Group

HMRC has published new Gift Aid Declarations for one-off donations, multiple donations and sponsored events. This follows a series of discussions with the Charity Tax Forum Gift Aid Working Group, of which CTG is a member, during which various new drafts Declarations were considered....

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Community Assets – Grants & Support

The COMA programme offers partnership areas the following grants & support: Direct Support Pre-Feasibility Grants. DIRECT SUPPORT Amount of funding available: £1.5m is available for up to 50 partnerships. Closing date: We are operating a rolling application window that will be...

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Financial difficulties in charities

How to identify financial problems As trustees, you have a legal duty to look after your charity’s money and other assets. You need to understand and keep track of your charity’s income and spending to spot any issues as early as possible. To do this, you need trustees with the right...

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How to set a reserves policy for your charity

It is important to keep money aside as a reserve to protect your charity against drops in income or allow it to take advantage of new opportunities. Your charity’s reserves can be spent on any of its aims. However by law, your charity must spend income it receives within a reasonable...

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Government Consultation on Charities: audit and independent examination thresholds

Nikki George January 7, 2015 Accounting Governance Government Legal News No Comments

The government are currently consulting on recommendations to increase financial thresholds determining whether charity accounts must be audited or examined. The consultation is open until the 27th Januaury 2015. One of the recommendations of Lord Hodgson’s review of the...

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Government to stop charities losing out on Gift Aid

Nikki George January 7, 2015 Accounting Funding Government News No Comments

The Government has announced the Gift Aid model declaration form is to be improved, to stop charities losing out on potentially billions of pounds of Gift Aid. According to National Audit Office (NAO) estimates there are donations of around £2.3 billion where Gift Aid is not used....

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Vital Venues funded training for hall committees

Vital Venues is pleased to announce ‘Trustee Induction’ and ‘Business Planning’ workshops funded by Awards for All to support volunteers who manage village halls, community centres and other community buildings.     The Trustee Induction Workshop...

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Charity Commission Announces Changes to Annual Returns

Claire Hurley October 28, 2014 Accounting Advice and guidance Government Legal No Comments

The Charity Commission has announced changes to the annual return. Changes will apply to returns made for the year ending 2015 and have been designed with the intention of making charities more accountable. The annual return 2015 will include three new question areas, which received...

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