Charities Aid Foundation (CAF)’s Post

#Munster charity CEOs, HR Directors and CFOs are gathered at the Mercer Ireland offices in #corkcity for an informative session hosted by Mercer Ireland on behalf of Charities Institute Ireland. A big thank you to Mercer Ireland for graciously hosting and presenting on "Pension Auto Enrolment and its Implications for Your Budget." 🙌 We're excited to have 14 Munster-based Cii members in attendance, diving deep into the impact of Auto-Enrolment (AE) on their organisations' financial strategies. Here's a glimpse of what's happening: 🔍 Understanding AE: Exploring the transformative shift in Ireland's pensions landscape. 📈 Key Topics: Identifying affected employees, obligations under the new regime, fulfilling AE requirements, and assessing associated costs. 💡 Real-time Insights: Discussions on how AE will affect #charity budgets and strategic planning. #CharityLeaders #PensionAutoEnrolment #Budgeting #MunsterCommunity #financialclarity #pensionfunds #organisationaldevelopment

This is what I've been working on for the past 3 years. With the support of the very capable and talented Thankyou Payroll board, senior leadership and with the support of 99.75% of voting shares from our 190+ shareholders we've broken new ground for Social Enterprises here in Aotearoa New Zealand. It was not easy but the results might be the most important contribution to the Social Enterprise and charitable sector I will ever have the privilege of being involved with. First thing to note is that this process can better reward investors financially than dividends can (the near equal of a standard sale to a 3rd party in many cases*) and at the end of the process you get the best possible conditions for an organisation to fund impact projects - that is full charitable status and ownership that prioritises the public good in perpetuity! We are not aware of any other country in which this process is able to outperform the financial returns to shareholders this way - this maybe the most virtuous way to take advantage of the lack of a capital gains tax ever devised. Better yet it is not confined to Social Enterprises or purpose driven organisations! If you own a for-profit business and are not satisfied with your dividends or drawings you can increase your returns via this process and do something amazing for your community in the process. *assuming the valuation is calculated using Discounted Cash Flow with a standard WAAC.

When running a #charity, specific accounting requirements are unique to the sector, and financial transparency and accountability are paramount. The Charity Commission for England and Wales has a set of reporting requirements that all registered charities have to comply with, including preparing and submitting annual financial statements and an annual return with details of income, expenditure and assets. Our latest blog looks at what #charities need to be aware of when it comes to #financial accounting and can be accessed via  https://lnkd.in/e4V5M-Tw

𝗖𝗟𝗜𝗘𝗡𝗧 𝗙𝗘𝗘𝗗𝗕𝗔𝗖𝗞 - 𝗧𝗘𝗦𝗧𝗜𝗠𝗢𝗡𝗜𝗔𝗟 𝗧𝗨𝗘𝗦𝗗𝗔𝗬 You can tell we LOVE the work that we do, and we're always thrilled when the results speak for themselves. Like most, we're not always great about banging our own drum, so instead we prefer to use client testimonials to showcase our approach and the results! These sessions have been funded by John Lyon’s Charity and Young Brent Foundation via the local council’s NCIL fund and will support these organisations across four north and west London boroughs to become more financially sustainable in the future. Attaining financial wellness for your organisations gives you and others a sense of financial security and freedom. Financial wellness is a state of financial well-being in which you can manage your overheads and other expenses, weather unexpected financial emergencies and plan for long-term financial goals. AMPACC helps you to understand your voluntary organisation’s financial position and produce accurate project budgets that cover your overheads and achieve healthy reserves without the need for a specialist finance manager. It takes the fear out of finance so you can focus on your social purpose. The take up and feedback so far has been amazing, and we’re excited with all the light bulb moments and the future planning that it has already supported. We were so thrilled to receive this wonderful testimonial: ''𝘛𝘩𝘦 𝘪𝘮𝘱𝘢𝘤𝘵 𝘵𝘩𝘢𝘵 𝘈𝘔𝘗𝘈𝘊𝘊 𝘸𝘪𝘭𝘭 𝘩𝘢𝘷𝘦 𝘰𝘯 𝘰𝘶𝘳 𝘤𝘩𝘢𝘳𝘪𝘵𝘺 𝘪𝘴 𝘮𝘰𝘯𝘶𝘮𝘦𝘯𝘵𝘢𝘭. 𝘍𝘰𝘳 𝘢 𝘴𝘮𝘢𝘭𝘭, 𝘶𝘯𝘥𝘦𝘳-𝘳𝘦𝘴𝘰𝘶𝘳𝘤𝘦𝘥 𝘵𝘦𝘢𝘮 𝘭𝘪𝘬𝘦 𝘰𝘶𝘳𝘴… 𝘵𝘳𝘶𝘭𝘺 𝘶𝘯𝘥𝘦𝘳𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘧𝘪𝘨𝘶𝘳𝘦𝘴 𝘢𝘯𝘥 𝘰𝘶𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘮𝘰𝘥𝘦𝘭 𝘢𝘴 𝘸𝘦𝘭𝘭 𝘢𝘴 𝘨𝘦𝘵𝘵𝘪𝘯𝘨 𝘪𝘯𝘵𝘰 𝘧𝘶𝘯𝘥𝘦𝘳𝘴’ 𝘮𝘪𝘯𝘥𝘴 𝘪𝘴 𝘵𝘳𝘶𝘭𝘺 𝘭𝘪𝘧𝘦 𝘤𝘩𝘢𝘯𝘨𝘪𝘯𝘨. 𝘛𝘩𝘦 𝘸𝘢𝘺 𝘵𝘩𝘦 𝘤𝘰𝘶𝘳𝘴𝘦𝘴 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘰𝘳𝘨𝘢𝘯𝘪𝘴𝘦𝘥 𝘢𝘯𝘥 𝘴𝘱𝘢𝘤𝘦𝘥 𝘰𝘶𝘵 𝘳𝘦𝘢𝘭𝘭𝘺 𝘩𝘦𝘭𝘱𝘦𝘥 𝘮𝘦 𝘯𝘰𝘵 𝘧𝘦𝘦𝘭 𝘰𝘷𝘦𝘳𝘸𝘩𝘦𝘭𝘮𝘦𝘥 𝘸𝘪𝘵𝘩 𝘦𝘷𝘦𝘳𝘺𝘵𝘩𝘪𝘯𝘨 𝘦𝘭𝘴𝘦 𝘐 𝘩𝘢𝘷𝘦 𝘨𝘰𝘪𝘯𝘨 𝘰𝘯, 𝘣𝘶𝘵 𝘢𝘭𝘭𝘰𝘸𝘦𝘥 𝘮𝘦 𝘵𝘰 𝘥𝘪𝘷𝘦 𝘪𝘯𝘵𝘰 𝘦𝘷𝘦𝘳𝘺 𝘴𝘪𝘯𝘨𝘭𝘦 𝘢𝘴𝘱𝘦𝘤𝘵 𝘥𝘪𝘴𝘤𝘶𝘴𝘴𝘦𝘥 𝘪𝘯 𝘦𝘢𝘤𝘩 𝘴𝘦𝘴𝘴𝘪𝘰𝘯 𝘢𝘯𝘥 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘐 𝘳𝘦𝘢𝘭𝘭𝘺 𝘶𝘯𝘥𝘦𝘳𝘴𝘵𝘢𝘯𝘥 𝘰𝘶𝘳 𝘯𝘶𝘮𝘣𝘦𝘳𝘴. 𝘐 𝘢𝘮 𝘵𝘳𝘶𝘭𝘺 𝘦𝘹𝘤𝘪𝘵𝘦𝘥 𝘵𝘰 𝘢𝘱𝘱𝘭𝘺 𝘵𝘰 𝘰𝘶𝘳 𝘯𝘦𝘹𝘵 𝘨𝘳𝘢𝘯𝘵 𝘢𝘯𝘥 𝘩𝘰𝘱𝘪𝘯𝘨 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘴𝘵𝘢𝘳𝘵 𝘰𝘧 𝘢 𝘯𝘦𝘸 𝘤𝘩𝘢𝘱𝘵𝘦𝘳 𝘧𝘰𝘳 𝘍𝘢𝘪𝘳 𝘚𝘩𝘰𝘵..!" 𝗕𝗶𝗮𝗻𝗰𝗮 𝗧𝗮𝘃𝗲𝗹𝗹𝗮. 𝗙𝗼𝘂𝗻𝗱𝗲𝗿 & 𝗖𝗘𝗢. 𝗙𝗮𝗶𝗿 𝗦𝗵𝗼𝘁 𝗖𝗮𝗳𝗲 𝗖𝗜𝗢 John Lyon's Charity gives grants to benefit children and young people up to the age of 25 who live in nine boroughs in North and West London: Barnet, Brent, Camden, Ealing, Hammersmith & Fulham, Harrow, Kensington & Chelsea and the Cities of London and Westminster. #testimonialTuesday #clientfeedback #AMPACC #financialsustainability

In our #SpringBudget submission we, once again, urged the government to address chronic underfunding of public service contracts and grants delivered by charities, and meet the true costs of delivering them. Yesterday’s announcement could have been a key moment to bolster the voluntary sector as a vital partner for government in the delivery of public services. Instead, we have another missed opportunity. Look beyond the headlines of #Budget2024 and read our analysis of how it will impact the voluntary sector 👉 https://lnkd.in/e8Q3KzTD

𝗖𝗟𝗜𝗘𝗡𝗧 𝗙𝗘𝗘𝗗𝗕𝗔𝗖𝗞 - 𝗧𝗘𝗦𝗧𝗜𝗠𝗢𝗡𝗜𝗔𝗟 𝗧𝗨𝗘𝗦𝗗𝗔𝗬 You can tell we LOVE the work that we do, and we're always thrilled when the results speak for themselves. Like most, we're not always great about banging our own drum, so instead we prefer to use client testimonials to showcase our approach and the results! Our team has delivered over 30 individual AMPACC sessions in July. These sessions have been funded by John Lyon’s Charity and Young Brent Foundation via the local council’s NCIL fund and will support these organisations across four north and west London boroughs to become more financially sustainable in the future. Attaining financial wellness for your organisations gives you and others a sense of financial security and freedom. Financial wellness is a state of financial well-being in which you can manage your overheads and other expenses, weather unexpected financial emergencies and plan for long-term financial goals. AMPACC helps you to understand your voluntary organisation’s financial position and produce accurate project budgets that cover your overheads and achieve healthy reserves without the need for a specialist finance manager. It takes the fear out of finance so you can focus on your social purpose. The take up and feedback so far has been amazing, and we’re excited with all the light bulb moments and the future planning that it has already supported. We were so thrilled to receive this wonderful testimonial: ''𝘛𝘩𝘦 𝘪𝘮𝘱𝘢𝘤𝘵 𝘵𝘩𝘢𝘵 𝘈𝘔𝘗𝘈𝘊𝘊 𝘸𝘪𝘭𝘭 𝘩𝘢𝘷𝘦 𝘰𝘯 𝘰𝘶𝘳 𝘤𝘩𝘢𝘳𝘪𝘵𝘺 𝘪𝘴 𝘮𝘰𝘯𝘶𝘮𝘦𝘯𝘵𝘢𝘭. 𝘍𝘰𝘳 𝘢 𝘴𝘮𝘢𝘭𝘭, 𝘶𝘯𝘥𝘦𝘳-𝘳𝘦𝘴𝘰𝘶𝘳𝘤𝘦𝘥 𝘵𝘦𝘢𝘮 𝘭𝘪𝘬𝘦 𝘰𝘶𝘳𝘴… 𝘵𝘳𝘶𝘭𝘺 𝘶𝘯𝘥𝘦𝘳𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘧𝘪𝘨𝘶𝘳𝘦𝘴 𝘢𝘯𝘥 𝘰𝘶𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘮𝘰𝘥𝘦𝘭 𝘢𝘴 𝘸𝘦𝘭𝘭 𝘢𝘴 𝘨𝘦𝘵𝘵𝘪𝘯𝘨 𝘪𝘯𝘵𝘰 𝘧𝘶𝘯𝘥𝘦𝘳𝘴’ 𝘮𝘪𝘯𝘥𝘴 𝘪𝘴 𝘵𝘳𝘶𝘭𝘺 𝘭𝘪𝘧𝘦 𝘤𝘩𝘢𝘯𝘨𝘪𝘯𝘨. 𝘛𝘩𝘦 𝘸𝘢𝘺 𝘵𝘩𝘦 𝘤𝘰𝘶𝘳𝘴𝘦𝘴 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘰𝘳𝘨𝘢𝘯𝘪𝘴𝘦𝘥 𝘢𝘯𝘥 𝘴𝘱𝘢𝘤𝘦𝘥 𝘰𝘶𝘵 𝘳𝘦𝘢𝘭𝘭𝘺 𝘩𝘦𝘭𝘱𝘦𝘥 𝘮𝘦 𝘯𝘰𝘵 𝘧𝘦𝘦𝘭 𝘰𝘷𝘦𝘳𝘸𝘩𝘦𝘭𝘮𝘦𝘥 𝘸𝘪𝘵𝘩 𝘦𝘷𝘦𝘳𝘺𝘵𝘩𝘪𝘯𝘨 𝘦𝘭𝘴𝘦 𝘐 𝘩𝘢𝘷𝘦 𝘨𝘰𝘪𝘯𝘨 𝘰𝘯, 𝘣𝘶𝘵 𝘢𝘭𝘭𝘰𝘸𝘦𝘥 𝘮𝘦 𝘵𝘰 𝘥𝘪𝘷𝘦 𝘪𝘯𝘵𝘰 𝘦𝘷𝘦𝘳𝘺 𝘴𝘪𝘯𝘨𝘭𝘦 𝘢𝘴𝘱𝘦𝘤𝘵 𝘥𝘪𝘴𝘤𝘶𝘴𝘴𝘦𝘥 𝘪𝘯 𝘦𝘢𝘤𝘩 𝘴𝘦𝘴𝘴𝘪𝘰𝘯 𝘢𝘯𝘥 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘐 𝘳𝘦𝘢𝘭𝘭𝘺 𝘶𝘯𝘥𝘦𝘳𝘴𝘵𝘢𝘯𝘥 𝘰𝘶𝘳 𝘯𝘶𝘮𝘣𝘦𝘳𝘴. 𝘐 𝘢𝘮 𝘵𝘳𝘶𝘭𝘺 𝘦𝘹𝘤𝘪𝘵𝘦𝘥 𝘵𝘰 𝘢𝘱𝘱𝘭𝘺 𝘵𝘰 𝘰𝘶𝘳 𝘯𝘦𝘹𝘵 𝘨𝘳𝘢𝘯𝘵 𝘢𝘯𝘥 𝘩𝘰𝘱𝘪𝘯𝘨 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘴𝘵𝘢𝘳𝘵 𝘰𝘧 𝘢 𝘯𝘦𝘸 𝘤𝘩𝘢𝘱𝘵𝘦𝘳 𝘧𝘰𝘳 𝘍𝘢𝘪𝘳 𝘚𝘩𝘰𝘵..!" 𝗕𝗶𝗮𝗻𝗰𝗮 𝗧𝗮𝘃𝗲𝗹𝗹𝗮. 𝗙𝗼𝘂𝗻𝗱𝗲𝗿 & 𝗖𝗘𝗢. 𝗙𝗮𝗶𝗿 𝗦𝗵𝗼𝘁 𝗖𝗮𝗳𝗲 𝗖𝗜𝗢 John Lyon's Charity gives grants to benefit children and young people up to the age of 25 who live in nine boroughs in North and West London: Barnet, Brent, Camden, Ealing, Hammersmith & Fulham, Harrow, Kensington & Chelsea and the Cities of London and Westminster. #testimonialTuesday #clientfeedback #AMPACC #financialsustainability

#employeeengagement #charitysupport #payroll If you are an employer, chances are your employees make donations to charities. Setting up a payroll giving scheme is actually really simple and has benefits for businesses, employees and the charities they support. Read our latest blogpost to find out more about setting up payroll giving... https://lnkd.in/eipAuHfA

As we approach the end of the financial year, it is crucial for non-profit organisations to be aware of and comply with the new reporting requirements set forth by the Australian Taxation Office (ATO) effective for the year ended 23/24. Ensuring your organisation meets these standards is essential for maintaining your tax-exempt status. https://lnkd.in/gf3VrEJY

What happens when the chief executive of a charitable trust employs someone without the apparent authority or knowledge of the Trust’s board? [2024] NZERA 145 deals with exactly this situation, as one of a series of determinations dealing with the acrimonious winding up of a trust which aimed to “transform justice” in NZ. In this and the other determination, the Authority was required to rule on whether the representations made to a former employee could bind the Trust itself. Ultimately, the Authority thought they could. The Authority wasn’t pursuaded trustees had no knowledge of an agreement to contract with the employee on the basis of minutes apparently recording the same and given the chief executive’s ostensible authority, notwithstanding the employee was also aware his role was voluntary. The Trust is without assets but is now required to agree the quantum of arrears, both of pay but also entitlements like leave, with the employee. Whether any obligations will ever be fully discharged remains to be seen. This case is a good reminder that representations made by someone with ostensible authority can bind an organisation, including where those representations were made without apparent authority.

What are the key takeaways from the Spring Budget for trustees, charities and individuals? I have summarised in my recent blog below ✍ https://lnkd.in/eKxy2Vkc Nelsons