UHY Ross Brooke Chartered Accountants
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
The Charities SORP 2026 is now final and will take effect for accounting periods starting on or after 1 January 2026. If your charity prepares accounts on an accruals basis, these changes will likely affect you. From a new three-tier reporting regime to updated rules on lease accounting, related party
The Information Commissioner’s Office (ICO) has launched a consultation on how charities can make use of new rules that will allow greater use of electronic marketing in contacting their supporters. From January 2026, the Data (Use and Access) Act will introduce a new ‘charitable purpose soft opt-in’. This will allow
Chancellor Rachel Reeves will deliver her Autumn Budget on 26 November, setting out the government’s latest tax and spending plans. Join us the next day as our UHY tax experts unpack the announcements and explore what they mean for you, your family and any business interests. Richard Stanley, head of
Carbon credits are often talked about, but rarely made simple. What are they really, why do companies use them and how can you make sure you’re buying the right ones? Join UHY and Nature Broking for a free webinar designed to cut through the jargon and give you practical insights
A new “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 it harder for many charities.
If you’re involved with a charity – whether you’re on the board, manage the accounts, or provide support behind the scenes – you may have heard that there are some changes coming to the way charities report their finances. The biggest step in that process has been completed with the
VAT is one of the most complex and frequently misunderstood areas of taxation for charities and not-for-profits. From business vs. non-business activities to partial exemption, grant funding, and property transactions, getting VAT right is critical – and getting it wrong can be costly. In this edition of our Ask Our
It’s a year of significant transition for the charity and not-for-profit sector. From the publication of the new Charities SORP exposure draft and changes to audit thresholds, to the growing importance of sustainability reporting and investment governance, there are a host of regulatory and strategic developments shaping how charities operate.
UHY has been named as the leading audit firm for overall service levels in Charity Finance Magazine’s 2024 Audit Survey. We are delighted to share that UHY has been ranked number 1 for overall service levels in Civil Society’s 2024 Charity Finance Audit Survey. This recognition underscores our commitment to