Charity Commission
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Oct- 2024 -17 OctoberAccounting Firms
PKF Littlejohn named liquidator of Big Help Project Limited
PKF Littlejohn Advisory has been appointed as the liquidator of Liverpool-based Big Help Project Limited, an entity associated with the Big Help Project charity. Owned by one of the charity trustees, a former Labour councillor, the charity is currently being investigated as to whether potential misconduct or mismanagement was to…
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Aug- 2024 -16 AugustRegulators
FRC launches discussion paper on future of UK digital reporting
The Financial Reporting Council has announced the launch of a comprehensive discussion paper on the future of digital reporting in the UK, as part of a cross-regulatory group. The group, comprising the Financial Conduct Authority, Companies House, HMRC and Charity Commission for England and Wales, aims to gather stakeholder feedback…
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8 AugustFeatures
How does accounting for non-profit organisations work?
Non-profit organisations (NPOs) play a crucial role in the United Kingdom, addressing societal needs that are often unmet by the public and private sectors. However, these organisations face unique challenges in managing their finances, as they operate under different principles than for-profit businesses. Accounting for non-profit organisations is therefore distinct…
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Aug- 2021 -12 AugustLegal
Charity Commission launches Olive Grove inquiry
The Charity Commission has launched a statutory inquiry into the Olive Grove Foundation, an organisation purposed to support people affected by poverty, wars, or natural disasters. The regulator’s concerns have arisen in relation to the financial management and governance of the Bradford-based charity. It follows previous formal regulator advice in…
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May- 2021 -26 MayRegulators
Regulator launches investigation into The Knightland Foundation
The Charity Commisions has launched an investigation into The Knightland Foundation over concerns regarding the organisation’s finances and governance. In response to said concerns, the regulator has opened a statutory inquiry and appointed two interim managers to a London-based grant-making charity. John Dickinson and Joseph Colley of Carter Backer Winter…
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6 MayRegulators
Founder of children’s cancer charity jailed for fraud
The Charity Commission has welcomed the sentencing of 20 months’ imprisonment for Colin Nesbitt, the founder and director of a former children’s cancer charity, for theft and fraud. An investigation by the regulator led to Nesbitt’s arrest and he was found guilty in March 2021 of stealing £87,000 from the…
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Apr- 2021 -9 AprilRegulators
Charity Commission calls for views on updated investment guidance
The Charity Commission is calling for views and opinions on the updated draft guidance for responsible investments. The regulator defines “responsible investments” as financial investments that align with a charity’s mission and purpose. After an informal listening exercise last year found that how investment is outlined in its existing guidance…
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Jan- 2021 -26 JanuaryRegulators
Charity Commission appoints former GT partner to its board
The Charity Commission has welcomed a new member to its board of directors. Will Lifford, a former partner at Grant Thornton and a chartered accountant of 25 years, will join as a new non-executive chairman. Lifford’s three year term began on 18 January 2021 and he replaced Mike Ashley, whose…
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Jan- 2020 -27 JanuaryAccounting Standards
ACCA to partner with the Charity Commision
The Charity Commission and ACCA have signed a data-sharing agreement which “facilitates the referral of concerns about accountancy services provided to charities”. Following the agreement, the Charity Commission can now refer cases of poor professional practice by accountants and finance professionals to ACCA. The move comes as part of the…
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Sep- 2019 -13 SeptemberRegulation
Charity SORP sets out plans for accounting framework
The Charities SORP-making body has set out plans for changes to the charity accounting framework. The Statement of Recommended Practice (SORP), is developed to better meet the needs of users of charity reports and accounts. The SORP sets out the financial reporting requirements that apply to almost all charities preparing…
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