Small trading exemption
Charities can raise money by trading that has nothing to do with their purposes — but only so much before the profits…
Glossary
Bank mandate
Financial controls exist on paper in a policy and in reality in the bank mandate. When the two differ, the mandate wins.…
Serious incident
Serious incident reporting is a duty on trustees, and the reporting is expected to be prompt rather than at the year end.…
Balance sheet
The SoFA shows the year’s movement. The balance sheet shows the position at a moment — and it is where restricted funds…
Governing document
The governing document is where a charity’s rules live. When trustees disagree about whether they can do something — spend a fund,…
Senior management function
Disqualification is usually discussed as a trustee issue. Scotland extended it further. Scottish charity law brings senior managers within the disqualification regime,…
Auto-enrolment
Employing anyone brings pension duties immediately. There is no charity exemption and no size threshold below which the duty disappears. Employers must…
Scottish Charity Register
Registration in Scotland does more than record a charity: under Scottish law, registration is what makes a body a charity. From 9…
Audit trail
Every Gift Aid claim rests on evidence: a valid declaration, a record of the donation, and a link between the two. HMRC…