How to prepare annual accounts and a Trustees’ Annual Report and make them available on request
Creating financial information that helps managers and trustees
What to consider when deciding on investments
Help and guidance around tax and trading laws and procedures for your organisation
Charities are usually exempt from paying corporation or income tax, but there are some situations where you might become liable
When do charities need to consider VAT and what are the exemptions?
Guidance around Gift Aid and GASDS
Gift Aid is a scheme which allows charities to claim an extra 25p for every £1 donated
GASDS is a top up on small cash donations without using Gift Aid
Guidance on complying with with HMRC Making Tax Digital reporting requirements
Important things to consider before deciding to close your voluntary organisation
Every voluntary organisation should regularly ask whether it’s still well placed to achieve its goals
If your organisation is still financially viable, you may want to consider alternative options to closure
Whatever your reasons for considering closure, you’re likely to have legal responsibilities to follow
Steps you need to take before closing your organisation
Depending on your route to closure and your legal structure, you may have different legal duties and wider responsibilities
Once the decision has been made to close, you’ll need to decide who to inform and how to inform them
Key financial steps your need to take when closing your organisation
Your duty of care to staff, volunteers and beneficiaries should be at the top of any closure plans
Closing an organisation will require courage and commitment from an organisation’s leadership