We are a small CIO charity, registered with HMRC. We support young disadvantaged people in London to build careers in the arts by providing grants and mentoring. Our income is from one-off and monthl...
I got a letter from our bank yesterday. Coop Bank. They are asking for: Full legal name, nationality, date of birth and residential address of all trustees. This is because they are “key account part...
We are a registered Community Interest Company and we have been trying for one year to open a bank account and four banks rejected the application. Any help possible will be appreciated.
Our organisation has really been hit by Covid and for last few years our income has been under £10,000 but for 2024/25 it's gone upto £12,000. Really confused about the requirements for annual report...
We've been sent a tax return to complete. In the extra charity section (CT600E) we have to say what we spend on "general administration " How do we know what does and doesn't count here? Any of the...
This question is from a member of our community that wishes to remain anonymous: We are looking at Invoice financing and wondered if anyone could recommend any organisations that they have used. As...
This question is from a member of our community that wishes to remain anonymous: I am acting as the Company Secretary for a small charity. It was not run correctly and we had to get it restored and...
Hello, we are a counselling charity. We provide therapy for whatever people say they can afford to pay. We send invoices out and the clients pay these (or not!) for their session. I have come acros...
Hi, I'm Treasurer of a small charity, run entirely by volunteers, annual income less than £25,000. We are a company limited by guarantee and from April 2027 will have to submit our accounts to Compan...
I have heard that HMRC is OK with this as a concept and that 1/6th of a £1,000 /month rented house would be an acceptable. Has anyone any experience of this or for how to reimburse generally for home...
Hi all, We have just set up a new CIC and want to apply for a grant. The closing date closes in 3 weeks so we need to get a bank account set up very quickly in order to apply. I have been reading th...
We are currently using FreeAgent as it is free from our bank but it is clearly for small business who send invoices. I have set up lots of different projects which require invoices to enable me to cl...
Our CASC (Community Amateur Sports Club) was having difficulty finding volunteers to act as stewards for evening sessions so we started offering free membership (now worth £180 per year) for people t...
Is anyone else having issues with the new CAF bank statements - the new ones now do not show the address that statements are sent to - or the full name of the account ( if you charity happens to ha...
This question is from a member of our community that wishes to remain anonymous: The charity I work for has been one of the many impacted by the recent change in CAF Bank’s system. It’s been extreme...
Hi We are a very small charity in Hackney (less than £25k income) so we are not obliged to have audited accounts and so far have managed to do our own. However, we are now getting to the stage of gra...
Hello everyone hoping someone can help. I started a charity at the beginning of this year - it's a charitable incorporated organisation and I run it from home and therefore don't have an actual premi...
This question is from a member of our community that wishes to remain anonymous: We are looking at reviewing our pension scheme (looking at better providers, offering salary sacrifice, etc) and woul...
I am very confused about charities paying tax on dividend received before 6th April 2016. What about dividend received after 6th April 2016, for example dividend received in 2022 and 2023. Do they pa...
This question is from a member of our community that wishes to remain anonymous: How does a charity reflect the ins and outs of VAT in their accounts, when using third party fundraisers? For example...
Is it a concern when a charity has healthy reserves but reports ongoing deficits? (Anonymous post 🤫)
This question is from a member of our community that wishes to remain anonymous: An organisation wants to recruit a voluntary income fundraiser, they are in deficit and have generous reserves and un...
Hi, The trustees of one of the charities I support are reviewing their investment management arrangements. Is there an impartial source of data that compares the performance of established investmen...
I select Historical Transactions, then set dates 1/8/25 to 31/8/25, click on search, select CSV and then 'download', then message appears 'no transactions scheduled at this time' using a Mac and Fire...
I'm seeking some guidance. Our old charity transitioned to a CIO which was set up in April 2024 and which took over all operations and assets of the old charity. This was finalised in October 2024. O...
I'm ready to submit my first year's accounts and have been trying to find an accountant to help. I didn't think it would be a difficult process, but it is! Many won't support a CIC and some are very...
This question is from a member of our community that wishes to remain anonymous: A charity supplier has very kindly waived their fee, and they want to offer the amount back to the charity instead. T...
Mosque charities are nearly always unincorporated, and prepare cash basis accounts. Does anyone know how their buildings should be shown in the accounts? Can they be shown at purchase value forever?...
This question is from a member of our community that wishes to remain anonymous: We are a charity that has undergone a name change in this current financial year. I'm finalising our annual report an...
Hi, I am the Executive Officer for a Cancer Charity . We have 6 shops which deal predominantly in cash transactions, therefore we bank a reasonable amount weekly through the Post Office hub into our...
I run a very small CIC and we are filing taxes for the first time this year. There are so many tax software companies to chose from, I'm not sure what to pick. I won't have an accountant this year,...
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