Bank Reconciliation and Statement

Mr ClawOur training manual “The Adventures of Mr Claw in the World of Charity Accounting”which is being used at professional training courses in Book Keeping – explains Bank Reconciliation and Statement production, and how to implement these procedures in to your organisation’s accounting procedures. Get your copy here

Here is a brief extract:Reconcile-Accounts-copy

The bank reconciliation is the means by which you can give yourself some self-assurance that you have recorded every item of income and expenditure, and that what you have recorded is correct.

When a group has a bank account, a record of the bank transactions is kept in the organisation’s cash book.  In addition, the bank also keeps a record of these same transactions and this record is shown on the statement produced by the bank.

There are then two quite separate records of the same transactions.

It is therefore necessary to compare these records regularly to ensure that no errors have arisen, and to explain any differences that there are between the balances, i.e. those shown in the Cash Book and on the bank statement.

This comparison is known as a Bank Reconciliation Statement which is simply a method of explaining any difference that there may be between the two balances.

When to Start Paying Sick Pay to start paying SSP

SSP is paid when the employee is sick for at least 4 days in a row (including non-working days). You start paying SSP from the fourth ‘qualifying day’ (day an employee is normally required to work). The first 3 qualifying days are called ‘waiting days’.

You can’t count a day as a sick day if an employee has worked for a minute or more before they go home sick.

If an employee works a shift that ends the day after it started and becomes sick during the shift or after it has finished, the second day will count as a sick day.


You don’t usually pay SSP for the first 3 qualifying days unless they’ve been off sick and getting SSP within the last 8 weeks.

More detailed information can be found here

What is the Purpose of an AGM?

What is the purpose of an AGM? aim of the AGM is to provide the charity trustees and/or officers the opportunity to explain their management of the charity to the members. It also provides the members of the charity with an opportunity to ask questions before voting on business items on the agenda.

A charity’s AGM is held once a year and members of the charity can attend and vote. The governing document will state when it must be held. This may be in a particular month or within a certain period after the end of the financial year.

The business that must be considered by the AGM will usually be specified in the governing document or by underlying legislation. However, the charity trustees can include any other additional items of business they feel appropriate.

If you need help in drawing up the Agenda, please see follow this link

Statutory Sick Pay – Linked Periods of Sickness Sick Pay

Linked Periods of Sickness

If you or an employee have regular periods of sickness, they may count as ‘linked’  To be linked, the periods must:

  • qualify for SSP by lasting 4 or more days each
  • be 8 weeks or less apart

You’re no longer eligible for SSP if you have a continuous series of linked periods that lasts more than 3 years.

For more detailed information about eligibility click here