Sayer Vincent, the award-winning firm of charity auditors and advisers has published new dates and topics for its popular webinar series for the second half of 2022 and recommends charity finance professionals sign up early.
The webinars offer practical guidance on a range of finance topics and the autumn / winter schedule kicks off with Assessing the VAT treatment of activities on 7th October from 9.30am until 10.30am.
Charities have a wide range of different activities and income streams and assessing the VAT treatment of these can be a challenge. This session will look at the key issues around classifying income streams for VAT as well as exemptions and reduced rates of VAT that can apply to charities.
Other topics are: VAT recovery and charity reliefs; Trustee responsibilities and Code of Governance; Introduction to Theatre, Orchestra, Museums and Galleries tax relief; Introduction to SORP; Charity tax update; Restricted funds; Expenses, benefits and tax, and Charity reserves.
All sessions are informative, accessible via Zoom and give attendees practical advice and knowledge they can use in their roles. Each session will include a presentation with slides and handouts and the chance to ask questions through a live Q&A box. For those that can’t attend the live event each webinar is available on demand for a limited period afterwards.
Recent research by the Charities Aid Foundation[i] found that 71% of charity leaders are worried about managing an increase in demand on their services with families facing financial struggles due to the increased cost of living crisis.
Charities also need to manage their own increasing bills due to rising inflation. The research showed many charity leaders are concerned about the increased cost of utilities, including energy bills, rent and fuel, and managing demands for higher wages. At the same time, 59% of leaders are concerned about people having less money to donate to their cause, and a third are worried about their organisation struggling to survive.
Jonathan Orchard, Partner at Sayer Vincent said, “The cost of living crisis and rising inflation will affect the most vulnerable in society, which means charities that are just starting to recover from the pandemic are facing new financial challenges.
“Growing demand for their services, at the same time as people having less money in their pockets to donate is going to have a big impact. Finance teams will once again be working hard to ensure that charities can navigate the tough economic environment ahead.
“We work closely with our clients to help them better manage the charity finances and achieve the best outcomes for their beneficiaries. Our webinar series is free for both clients and non-clients. We encourage finance teams to make use of this resource to gain expert knowledge, tips and guidance that will benefit their charity going forwards.”
To see the full list of webinars and to sign up visit: www.sayervincent.co.uk/events.