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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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