Social Return on Investment (SROI)
SROI tries to answer a hard question: what is a charity’s social impact worth in pounds? It maps the outcomes of a…
Glossary
HMRC
New charities routinely assume that registering with the Charity Commission tells HMRC they exist. It does not. Registration and tax recognition are…
Gross income
If you take one definition away from this glossary, make it this one. Gross income decides whether you must register, which kind…
Social investment
Social investment is where a charity’s money does double duty. Instead of choosing between a grant that furthers the mission and an…
Grant
Grants and contracts both bring money in, and charities often use the words interchangeably. The law does not. A grant supports an…
Going concern
Every set of accounts rests on a going concern assumption. If it does not hold, the accounts have to be prepared differently,…
Fundraising event
A quiz night, a gala dinner, a sponsored walk: all fundraising events, and all potentially exempt from VAT on ticket income and…
Serious incident reporting
Serious incident reporting protects both your beneficiaries and public trust in your charity. It lets the Charity Commission see that trustees have…
Filing deadline
The most common misunderstanding about charity deadlines is what they count from. The clock runs from the end of the financial year.…