If you are a charity, managing your finances effectively is crucial to fulfilling your objectives and ensuring long-term sustainability. One approach that many not-for-profit organisations use to manage their assets is establishing designated funds. These funds can play a vital role in financial planning for charities, helping to maintain focus on the anticipated future needs […]
Author Archives: Sumeet Bajaria
Charities, Community, Myers Clark News
Charities Act 2022 – Implications for Permanent Endowment Funds
24
Jul
Jul
The Charities Act 2022 (the Act) has made some key changes to charity law. The Act, which received Royal Assent on 22 February 2022, amends the pre-existing Charities Act 2011 in certain areas. The major changes have come into force in stages, with the implementation of various provisions on 31 October 2022, 14 June 2023 […]
31
Jan
Jan
In the UK, there are four primary legal structures you can adopt if you are a charity: Trust – registered with The Charity Commission Unincorporated charity – registered with The Charity Commission Charitable company limited by guarantee – registered with Companies House and The Charity Commission Charitable Incorporated Organisation (CIO) – registered with The Charity […]
Charities
Why is it important to explain the different types of funds held by not-for-profit entities in the Annual Report
08
Nov
Nov
It is crucial for not-for-profit entities to clearly explain the composition and purpose of funds in their annual reports. This helps donors, funders, and stakeholders to better understand the entity’s financial position. Types of funds Not-for-profit organisations such as registered charities, charitable companies, trusts, and Charitable Incorporated Organisations (CIOs) can hold a variety […]