All posts by Chris Yeates

How to create impactful reports for your charity

Chris Yeates

Communication with the outside world has never been more important. Making sure you successfully communicate what you are doing and the difference you make to your beneficiaries can mean the difference between future funding being awarded or not. You should communicate not just how funds are spent, but the impact it has, that is, the public benefit you deliver.

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Charity strategic planning – think about tax!

Chris Yeates

Charities are certainly adapting to changing funding environments. In seeking to reduce reliance on grant funding, many charities have looked to increase enterprise trading and charging for services. But the tax impacts of developing new opportunities and even delivering the same services under different arrangements have sometimes been overlooked – these need to be on a charity’s radar.

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How effective is finance reporting to your charity board?

Chris Yeates

With MHA, we have created Keeping Your Charity on the Right Track, a 12 month programme to help you improve your organisational governance in a stepped and measured way.  Each month’s article covers an area of charity governance for review and leads you through good practice.

Often as board members rotate, the new trustees simply accept what has gone before and receive the same financial reports without question.

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Academies Financial Handbook 2016 – key changes

Chris Yeates

The Education Funding Agency (EFA) has released the Academies Financial Handbook 2016, which is effective from 1 September 2016.

We consider the Handbook essential reading for trustees, members, accounting officers and chief finance officers/school business managers. Must-reads are Annex B: Schedule of freedoms and delegations and Annex C: Schedules of requirements.

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Small company thresholds are rising

Chris Yeates

The Government’s response to its consultation on the UK implementation on the EU Accounting Directive has been released, and although legislation, expected by April 2015, will be required to implement the changes, gives a clear indication of what the significant changes will be. The new rules will apply to accounting periods commencing on or after 1 January 2016.

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Revolutionary changes to UK accounting standards – goodbye FRSSE, hello FRS 105 and FRS 102 for small companies

Chris Yeates

UK financial reporting is certainly experiencing exciting times! Hot on the heels of the Government’s announcement on how it will implement the EU Accounting Directive (main impact being a big increase in the small company thresholds) the Financial Reporting Council, the body responsible for setting accounting standards, has launched a consultation on its planned changes to accounting standards.

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