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...
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...
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...
In October, the new government published a green paper titled: Invest 2035: The UK’s Modern Industrial Strategy. This outlines Labour’s industrial strategy for next ten years and focuses on sectors that they believe offer the highest growth opportunity for the UK...
Top challenges faced by Fleet Managers Fleet manager’s face multiple challenges on a daily basis that they need to tackle when it comes to managing a fleet of vehicles efficiently. These challenges include: · Administrative tasks · Fuel usage (rising...
When pharmacy first was first launched earlier this year almost half of people in the UK that utilised pharmacies were unaware of the schemes launch. Uptake increasing In January, there were 125,275 consultations and in July there were 186,190 consultations...
When it comes to running a GP surgery, effective management is paramount. In this article, we discuss how GP practices can optimise their financial sustainability, operational efficiency, regulatory compliance and HR management in the long term. GP Finance: focus on...
The Autumn Budget unveiled some key changes to tax policy as the Chancellor looks to raise £40bn of additional funding. In this article, we look at how these changes will affect the care home sector. Staff costs From April 2025, the care home sector among many...
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...
The Government has recently introduced the much-anticipated Renters Right Bill, aimed at offering greater protection to tenants across the country. This bill represents a significant shift in housing policy, one of its most prominent features is the ban on Section 21...
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,...
Artificial intelligence (AI) is one of the biggest and most talked about technologies of the last 10 years. It has the ability to completely change how businesses operate, automate, make decisions and become more efficient. The legal sector, notorious for its...