After years of anticipation new UK GAAP is finally with us, following the issue of the first SORP update bulletin.
Given recent adverse publicity about alleged abuse of charity assets and financial mismanagement the Charity Commission has also issued revised financial guidance for trustees emphasising the need for them to be aware of their responsibility for financial matters in areas such as setting and monitoring reserves, giving to non-charitable organisations etc.
All of this is in set within the context of charities being under more scrutiny – within the sector from the Charity Commission and from donors and beneficiaries
In this webinar we will review the updated company law provisions and the practical application of new UK GAAP and the SORP, together with the implications of the recent updated Charity Commission finance guidance, directly on the accounts and on the day to day operations of the trustees.
Company charities and the implementation of the EU Directive
New UK GAAP and the Charities SORP with particular emphasis on small charities and the proposed withdrawal of the FRSSE SORP
Transitioning to new UK GAAP and getting your first accounts right
Updated Charity Commission guidance
- Managing a charity’s finances: planning, managing difficulties and insolvency (CC12):
- Charity reserves: building resilience (CC19):
- Charity governance, finance and resilience: 15 questions trustees should ask
Issues for academy schools
Who Should Attend?
Partners and staff involved in the preparation of accounts and audit of charities, trustees and accounting staff within charities.
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