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Thursday 27 September 2018

Risk Management Toolkit

Lloyds Bank Foundation, have produced a Risk Management Toolkit to help charities to understand the basics of risk management. It looks very useful. Risk management is a key aspect of charity governance. Understanding the risks your charity faces and managing those risks will support planning and inform decision making. A strong risk management system enables you to ensure effective and safe practice and equips you to make the most of opportunities to secure your charity’s future.

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QuickBooks Cloud

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WYCAS offers QuickBooks licences at £21 including VAT per month with telephone and computer support from our accountants.  Take a look at some of the benefits below or watch our YouTube video that gives you an overview.

Some of the advantages of QuickBooks Cloud are as follows:

- Secure sharing of your accounting records - ideal for multi-site working

- Anytime, anywhere access providing you have access to the internet

- No need to back-up your accounting records as the data is stored in 'the cloud'

- No worries about using an out-dated version, you will always be working on the most recent version of QuickBooks

Some of the features offered by QuickBooks Cloud are:

- Tracking of all income and expenditure;

- Customer invoicing;

- Online banking, automatically import transactions from your bank;

- Create budgets and compare to actual performance;

- Class tracking for grants and/or projects; and

- Easy to run reports

To arrange a free consultation or discuss moving to QuickBooks Cloud then please get in contact with us by email or by telephoning 0113 2706291.  Already made up your mind and want to sign up? Please click here.

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Do you submit your Annual Return for the Charity Commission? Qualified Reminder

When you complete your annual return for the charity commission, there is a point at which you are asked to say if your accounts are qualified.  Please read this carefully and the guidance provided. The Commission is not asking if your accountant is qualified but whether your auditor or examiner has “qualified” their report. If the report is qualified, that is usually bad news. If you say ‘YES’ then people like funders will be see that your charities accounts were qualified and it will not look good.

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Converting to a CIO from a charitable company

Claire Welling, one of our community accountants has started a blog on the actual process of the conversion for a charity where she is a trustee.  Hopefully this will be a useful resource for others thinking of this option.

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Civil Society Strategy launched by Government in August

The strategy document sets out how the government intends to support civil society in the future. It defines civil society as referring ‘to individuals and organisations when they act with the primary purpose of creating social value, independent of state control. Social value means enriched lives and a fairer society for all.’

Chapter 3 is about THE SOCIAL SECTOR: supporting charities and social enterprises.  May be worth a look.

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Our services

WYCAS provides a range of specialist services designed to meet the needs of the third sector:

• One to one support and training
• Preparation of year-end accounts
• Independent examination
• Financial training courses and workshops
• Computerising accounts
• Bookkeeping and management accounts
• Advice and information
• Bespoke consultancy projects

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