Blog

How do you keep up with charity assets on a global scale? You could spend half of your life calling and messaging each location and scribbling endless paperwork, but you’d never be up to speed. Assets change hands every day, whether they’re tangible, physical assets like furniture or intangible assets such as paperwork and documentation.Read more

Those working in the charitable and not-for-profit sector will know that ensuring compliance is not easy. In fact, it can be enormously complex and a seemingly impossible task to trace the source of every donation. According to The Charity Commission, the ultimate responsibility for fund management sits with a charity’s trustees, who should ensure thatRead more

If you’re not yet up to speed on what partial tax exemption is, it’s actually fairly simple. As a not-for-profit, an organisation may receive tax-exempt donations. Some organisations will also supplement this income with taxable sales, such as charity shops or bracelets. Reconciling the two on your ledgers can be a painful task. Your organisation’sRead more

Why do you give to charity? If you ask somebody out of the blue, they’re likely to tell you what they think you want to hear – perhaps that they give because it’s the right thing to do, or because people are in need. While, no doubt, some people do have a selfless motivation, thereRead more

There’s a number of reasons to create a non-profit annual report, whether it’s to generate positive PR, to demonstrate to donors and trustees how their money is being used, or to counteract negative press and misinformation. It’s also a fantastic opportunity to influence people to take action and support your cause. A great annual reportRead more

We work closely with the Charity Finance Group (CFG) as part of our commitment to the charity sector. This year, the CFG Annual Conference themes were confident, dynamic and trustworthy, and we discussed several topics related to these, including how advanced donor reporting can help to boost the profile and perceived reliability of your not-for-profitRead more

This summer, we’re focusing on how technology enables financial transparency and compliance. Our hand-picked webinars will feature insight and best practice from some of the foremost industry experts. How accurate donor reporting ensures fund security Transparency and a thirst for an instant financial overview is causing a back-office backlog. Donor reports are an essential not-for-profitRead more

Ledgers have been used in one form or another for centuries to track financial accounts. As organisations’ accounting and financial processes have become more complicated, so too have the ledger systems they use, and most not-for-profits keep several books and accounts for different purposes. However, as we enter a digital age, most financial software hasRead more

You have to spend money to make money – this is especially true in the third sector. Approaching the subject of charitable expenditure (on staffing, utilities, fundraising and events – the list goes on) with supporters can raise red flags and doubt; in fact, the misconception that 100% of a charities’ total income goes directlyRead more

We live in uncertain times and, for those working in the third sector, the landscape appears particularly unpredictable; Brexit, overstretched local authorities, uncertain funding… The current political climate makes financial planning anything but easy. Whether fairly or unfairly, charities are under the spotlight like never before. A hostile media setting has resulted in a numberRead more