UHY Ross Brooke Chartered Accountants
To help trustees, finance teams and charity leaders prepare for SORP 2026, UHY is running a five‑part webinar series providing clear, practical guidance on the key changes to charities accounting and reporting and what they mean in practice. The webinars 1. Helping you prosper – what the new SORP means
The Academies Accounts Direction (AAD) 2025 to 26, issued by the Department for Education, outlines the financial reporting and disclosure requirements for academy trusts with year ends on 31 August 2026. While some updates may seem minor, several changes will affect how academy trusts prepare their statutory accounts and supporting
AI offers charities and NFPs the opportunity to improve efficiency, boost fundraising and maximise impact without the need for large budgets or technical expertise. Modern finance systems increasingly include built‑in AI tools and many third-party applications are freely available. By Caroline Webster So how can charities use AI in the
Charity financial reporting is going through a notable shift, and we think finance and trustee teams across the sector will benefit from the clear explanation in Zaynab Aswat’s latest blog. In her piece on the UHY UK website, Zaynab walks through a new three-tier reporting framework being introduced under SORP
This February, we delve into a range of developments that may affect you and your organisation, including tax refunds owed by HMRC, inheritance tax reliefs, updates on Making Tax Digital and VAT compliance. In the February 2026 issue of our In the know: tax, we look at a range of developments
If your charity is preparing for the significant reporting changes on the horizon, there’s a useful six-step action plan outlined by our colleague Zaynab Aswat on the UHY UK website we think is worth attention. Her guide breaks down how trustees and finance teams can get ready for the SORP
HMRC has announced several VAT changes, including new powers to extend final return deadlines, revised interest rates and plans to broaden relief for charitable donations. UHY’s latest In the know explains what these updates mean for businesses, charities and pension fund managers. In this issue, we focus on HMRC’s major
Charity trustees in England and Wales now have new legal powers when considering moral payments: payments made because there is a moral rather than strictly legal obligation to transfer some of a charity’s property. This is the final provision in Charities Act 2022 to come into effect. Few charities encounter
What should trustees be aware of? A “Charity Sector Risk Assessment” recently published by the Charity Commission identifies some of the serious risks charities in England and Wales are facing. The report draws on data from annual returns, serious incident reports and casework. It notes several pressures that are making
Related party transactions remain a key governance and reporting risk for charities, requiring trustees to identify, assess and disclose connections transparently. The latest SORP adds a new requirement to include commitments with related parties at the reporting date. By Caroline Webster What is a related party transaction? SORP definition: Related