14 September 2015
Charity financial statements are a specialist area and it is easy to make mistakes. In this series we will be briefly highlighting what we believe are the top 10 errors charities can sometimes make when preparing their financial statements.
29 July 2015
The donor benefit rules affect fundraising activities carried out by many charities - particularly admissions charities and those with membership or patrons’ schemes.
28 July 2015
HMRC has now issued its Revenue and Customs Brief in respect of the VAT liability of direct marketing services using printed matter.
02 July 2015
On 31 October 2014 the ICAEW issued its technical release Guidance on donations by a company to its parent charity which considers the accounting implications of legal advice that donations of taxable profits by a subsidiary company to its charitable parent constitute distributions rather than donations.
01 July 2015
As we reach the end of the school year, many staff will find themselves in receipt of thank you gifts from parents.
Partner, Head of Charities and Independent Schools
Nick heads the RSM charities and independent schools teams. He advises charities on audit, assurance and financial reporting and is an audit partner for our Top 250 charity clients and a number of leading independent schools.
Whether you are driven by the desire to obtain more value from your Governors meetings or improve your existing risk management then you should make sure you undertake a review of your strategic risks.
Within an independent school the responsibility for managing risk rests with the Board of Governors. Should a risk materialise such as breakdown in safeguarding or financial mismanagement, there is no doubt that questions will be raised regarding the
governance and risk management processes. The responsibility of the Governors is to seek assurance that all principal risks are managed effectively.