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Charity Accounts Late Filing: Why it is on the Rise
Charity Accounts Late Filing: Why it is on the Rise

slb@hawsons.co.uk A Wake-Up Call for Charity Boards Research has found that late charity account filings rose by 51% in 2023/24. This is a concerning increase, but the context matters. In many cases, late filing is not simply a sign of weak governance. It reflects the...

Gift Aid: Are You Claiming Everything You’re Entitled To?
Gift Aid: Are You Claiming Everything You’re Entitled To?

slb@hawsons.co.uk Gift Aid is one of the most straightforward ways to increase your charity’s income, but it’s surprising how often it’s overlooked. For every £1 donated by a UK taxpayer, you could be potentially claiming an extra 25p as tax relief from HMRC. Whether...

Fraud reimbursement scheme
Fraud reimbursement scheme

On 7th October 2024, the Authorised Push Payment (APP) fraud reimbursement scheme came into force. The scheme was introduced by the Payment Systems Regulator (PSR) which mandates bank and payment service providers must reimburse charities that are victims of APP fraud...

New Charities SORP on the Horizon
New Charities SORP on the Horizon

Charity accounting in the UK is based upon Financial Reporting Standard (FRS) 102 which is subject to periodic review every five years. The latest revision to FRS 102 was published in March 2024. The Charities Statement of Recommended Practice (SORP) provides...

Charities Struggling with Incomplete Trustee Boards
Charities Struggling with Incomplete Trustee Boards

Recent research from the eighth quarterly VCSE Sector Barometer from Pro Bono Economics has found that only 37% of charities have what they consider to be a complete board of trustees. This means that 63% of charities have an incomplete board of trustees at the time...

Legal aid a top priority for new government
Legal aid a top priority for new government

The new Justice Minister, Shabana Mahmood, has said she is pledging to make public funding a priority and to smooth relations with the Legal Aid Agency. The Legal Aid Minister, Heidi Alexander admitted that the legal aid system was on life support and it would be a...

SRA wins approval for 270% compensation fund increase
SRA wins approval for 270% compensation fund increase

The SRA has been given the go ahead by the Legal Services Board (LSB) to increase the compensation fund contribution for 2024/25 by 270%. This decision has been made partly to cover the costs of the Axiom Ince intervention. In addition to the increased contributions,...