Staff and Trustees receive the award
We were very pleased to pay a visit to this year’s winners of the Andrew Buxton Memorial Award for the best kept set of accounts.
The winners are Bakewell Town and Community Trust, and they made us very welcome at their offices in Bakewell Town Hall. The award was presented by Mrs Janet Buxton.
If you would like details of how your organisation can win next year, please contact us here
By law, if you’re an employer you need to submit an end-of-year report at the end of each tax year to HMRC for each employee you’ve provided with expenses or benefits.
Examples of expenses and benefits include:
- company cars
- health insurance
- travel and entertainment expenses
There are different rules for what you have to report and pay, depending on the type of expense or benefit that you provide.
More details can be found by clicking here
Use form P11D to send the report to HMRC for each employee and director.
You should not complete a P11D if there are no taxable expenses payments or benefits to be returned for an individual, or if the expenses and benefits have been taxed through your payroll
Employing people – a guide for new employers
Employing people seems a perfectly straightforward matter: hire them, then set them to work, but is it so easy?
Many employers find the list of legal rights and responsibilities daunting. But complying with the law and looking after your staff will make you more efficient and more profitable.
Getting the ‘people’ part of your new business wrong could cost you time, money or lost profitability through:
- recruiting unsuitable employees
- inadequate training
- low morale and motivation
- high absence levels and turnover of employees
- ineffective management and supervision
- too many dismissals
- employment tribunal claims.
You can download the guide here
If you do not consult employees in a redundancy situation, any redundancies you make will almost certainly be unfair and you could be taken to an employment tribunal.
Follow these steps:
- You must notify the Redundancy Payments Service (RPS) before a consultation starts. The deadline depends on the number of proposed redundancies.
- Consult with trade union representatives or elected employee representatives – or with staff directly if there are none.
- Provide information to representatives or staff about the planned redundancies, giving representatives or staff enough time to consider them.
- Respond to any requests for further information.
- Give any affected staff termination notices showing the agreed leaving date.
- Issue redundancy notices once the consultation is complete.
More detailed information can be found here
Our Summer Newletter should now be with you, but if you have not received your copy, please click the link below to read it online
Summer Newsletter 2018
If you would like to be added to our Newsletter Mailing List, please email us here
Unrestricted general funds can be spent at the discretion of the trustees to further any charitable purpose of the charity. This means that these funds can be spent in their own right, or can be added to a restricted fund which does not have enough money to cover its expenditure
Designated funds are still unrestricted, but have been set aside by the trustees for a particular future project or commitment. The designation is for administrative purposes only and carries no legal authority
Restricted funds are completely different. Restricted funds refer to funds held under ‘specific trusts’, which is that they are held for a specific charitable purpose. The restriction carries the weight of the law and so restricted funds can only be lawfully spent on the specific charitable purpose for which they were provided. As with designated funds, there is no requirement for restricted funds to be held in a separate bank account
A person is disqualified from acting as a charity trustee or holding a senior management position within a charity, if certain legal disqualification reasons apply to them.
From 1 August 2018 changes to the automatic disqualification rules mean there will be more restrictions on who can run a charity.
You will need to check that your trustees, Chief Executive Officer and Financial Directors will not be disqualified from acting in these positions after the 1 August 2018.
Your charity should have systems in place so that it can make sure people who are already in a trustee or senior manager position have not become disqualified in the period since they were appointed.
This can be done by asking them to sign a fresh declaration (at reasonable intervals) to confirm that they are not disqualified so that the signed declarations you periodically ask for:
- are received from both trustees and any relevant senior managers
- request confirmation that they are not disqualified under the automatic disqualification rules
More detailed information can be found by clicking here
Check what your charity needs to do as an employer before you can take on staff by following these six essential steps to follow:
- Decide what type of employee you need, and check you can afford to take on employees
- Make your workplace safe and accessible for employees
- Register as an employer and set up PAYE
- Check your responsibilities around workplace pensions
- Get Employers’ Liability insurance
- Recruit and employ staff
You can find out much more here
It is a legal requirement that trustees of registered charities must report each year in their trustees’ annual report on how they have carried out their charity’s purposes for the public benefit. Trustees of smaller registered charities (where gross income does not exceed £500,000) must report on public benefit by:
• including a brief summary setting out the main activities undertaken by the charity to carry out its charitable purposes for the public benefit
• including a statement as to whether they have complied with their duty to have due regard to the commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant
Public benefit reporting, when done well, can be an effective tool for trustees as it helps a charity to
• stay focused on what their charity is there to achieve (its purposes) when planning activities
• demonstrate what their charity does and the value of its work, particularly when applying for grant funding or fundraising
• link with impact reporting and demonstrating the charity’s transparency and accountability
• improve the overall quality of reporting on the charity’s work
More details can be found here