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Thursday 30 November 2017

Charity Finance Group: Autumn Budget 2017 briefing

With a budget focused on Brexit and the political fallout from the General Election in 2017, there was very little focus on charity specific policies.  Those that are affected are detailed in a helpful Charity Finance Group (CFG) sector briefing and include the further delay in allowing charities to register jointly with HMRC and the Charity Commission. HMRC has declared that this is still work in progress.

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Get ready for GDPR (General Data Protection Regulation)

The General Data Protection Regulation (GDPR) is a European law that sets guidelines for the collection and processing of personal identify information. It comes in to force on 25 May 2018 and will have far reaching implications in terms of the management and handling of personal data.

The ICO (Information Commissioners Office) has published a self-assessment designed to help you get your organisation in order, ready for the new legislation.  It includes getting to grips with the new rights of individuals, handling subject access requests, consent, data breaches, and designating a data protection officer.

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Charity finance essentials for trustees

CFG in partnership with MHA MacIntyre Hudson has published a helpful resource in the form of a simple checklist which is aimed at trustees to help build confidence that they have a framework to support good financial management in their charity.  Divided into 8 separate areas, the checklist runs to just over 30 pages and provides clear explanations and tips.

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Charity Governance Code – free templates

The Charity Governance Code was published in the summer (see our July e-bulletin). To mark ‘Trustees Week’ recently, a couple of free assessment templates have been issued to support the Code. One is for large and the other for small charities. You might find them useful resources for checking your governance arrangements.

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Upcoming e-learning course

Our next Level 3 accredited Financial Practice and Procedures e-learning course starts on 29 January. It covers the core elements of good financial management and is suitable for trustees, finance workers, volunteer treasurers and anyone else in the third sector interested in developing their financial management knowledge and skills. The cost is £500 per participant for accreditation and you could use the training part of any grant funding to pay for this. There is further information about the course on our dedicated web page. Feedback from learners to date is also available.

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Free Finance Training in Calderdale

Our finance courses run in partnership with Calderdale Council have started this term.  We still have slots for these courses to run in Calderdale venues next year.  These courses are free. So if you know of an organisation that would be interested in our offer of ‘Managing Your Money’ or ‘Spreadsheet Accounts for Beginners’ do get in touch.  Further details are available on our website.

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Bradford service users!

If your group uses our accounts drop off and collection service in Bradford please note that there are some changes to these arrangements due to staffing and resourcing changes at Community Action Bradford and District (CABAD). If you use this service please read see our specific news item for further details. Please adhere to these arrangements so that we are able to maintain this facility for you.

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Our e-bulletin is issued on a monthly basis and sent directly to registered subscribers. It is also available from our website. Please note that information and resources contained in the e-bulletin are general in nature and not intended as specific advice or recommendations. We welcome any feedback on the content and format so that we can improve it and make sure it meets your needs. Please let us know  if you have any comments or suggestions.

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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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