Grants and contracts

For some funding agreements it can be difficult deciding if an agreement is a grant or a contract to assess whether VAT applies to

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Last updated March 2022 In February 2022 HMRC updated its grant vs consideration factors, which are used to decide if income is consideration for

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For some funding agreements it can be difficult deciding if an agreement is a grant or a contract to assess whether VAT applies to

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The Charity Tax Group has recently published correspondence with HMRC on the VAT treatment of government funded overseas aid projects. The correspondence mainly deals

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In the past, charities mainly received grants and donations, but more charities are receiving payment for the delivery of services under contract. This guide

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This short guide is relevant to charities offering goods and services to individuals as well as seeking funding through grants and services. While you

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We published this guide to help you with models for collaborative working to deliver services and share back office functions . This guide covers

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This guide is designed for people who may be new to the charity sector or otherwise need to understand charity accounts. Charities have to

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All charities must disclose details of any remuneration or benefits received by trustees from the charity or a related entity or state if there

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A charity must identify who its related parties are and this will always include trustees, their close family members and any entities within a

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Heritage assets are assets with historical, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained for their contribution to knowledge and

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There are a number of bases for apportionment that may be applied, such as proportion of direct costs, staff numbers, floor area or staff

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Charities sometimes receive goods as donations, rather than cash. The value placed on gifts in kind included in the Statement of Financial Activities (SoFA)

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The different types of funds are: Endowment funds are donations that have been given to a charity, either to be held as capital with

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Fixed costs are usually the overheads of an organisation or department and are costs that will be incurred regardless of the level of activity.

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Charities may be pricing a service for: Individual users or customers – for example, you may sell books or places on training courses Organisations

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You need to decide what your objective is in relation to the activity or service as this will inform the pricing strategy you adopt.

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