Effective financial charity management is essential in the third sector. It ensures the success and sustainability of any charitable organisation and underpins public confidence in the industry itself. To facilitate effective charity management in the sector, UK charities are subject to a range of regulatory requirements. The Charity Commission also publishes guidance on charity governance, …
Are you thinking about setting up a new charity? Writing charitable objectives and purpose is crucial in creating a strong foundation for your not-for-profit organisation. It can be one of the most difficult elements in the registration journey, and using the right language and understanding the requirements is key. Here are some tips to …
Chancellor Rachel Reeves today delivered her Spring Statement, outlining the Labour Government’s economic priorities and reaffirming a commitment to fiscal discipline and long-term investment.
National Insurance Contributions (NICs) are the UK’s second-biggest tax and are anticipated to raise nearly £170 billion in 2024-25 (the Institute of Fiscal Studies, 2025). On 6 April 2025, the ‘Secondary Class 1’ employer’s national insurance contributions will rise from 13.8% to 15%, and the threshold at which it is paid was reduced to £5,000 …
Increasing Employers National Insurance Contributions Read More »
Do you have good governance within your charity? Trustees often face significant challenges when dealing with a small charity, such as unclear responsibilities, inadequate financial oversight, and poor communication among board members. However, these governance issues can be avoided with the right awareness and best practices. Effective governance is crucial to the success of any …
The Charities Statement of Recommended Practice (SORP) provides a charity accounting and reporting framework. The Charities SORP is designed to ensure consistency, transparency, and compliance with relevant financial reporting standards. SORP is regularly revisited and updated to ensure it’s still fit for purpose and can meet evolving challenges and the changing not-for-profit landscape. The Financial …
Announced in the last Autumn Budget, Employers National Insurance (ER NI) contributions will increase from 13.8% to 15% on 6 April 2025. Although intended to increase public funding, this poses significant challenges for charities and not-for-profits, which already operate under financial constraints. Therefore, charitable organisations must understand the implications and prepare for potential financial difficulties. …
Navigating the Employers National Insurance Increase. What charities need to know. Read More »
Wilder Coe’s CSR committee work tirelessly to help support small charities through organising fundraising events and challenges. Every year, staff nominate and vote for a charity to support and fundraise for. We are pleased to announce that this year’s charity is 4Louis, an organisation that supports families through miscarriage, stillbirth and child loss. 4Louis works …
Supporting 4Louis, Wilder Coe’s Charity of the Year 2025 Read More »
As a trustee, you will regularly meet and attend board meetings as necessary, and they are a key component of your charity’s governance. An effective way to demonstrate that your actions align with your charitable purpose is by taking board minutes. You must act in the best interest of the charity and due to …
Why taking board minutes is important for your charity. Read More »
Did you know the third Monday in January, is unofficially called “Blue Monday”, and has been marked as the most depressing day of the year? The festive period seems a lifetime ago, many New Year resolutions have fallen by the wayside, and, for accountancy and tax professionals, it is often the busiest time of year. …
