Covid-19 - Charities accounts and finances - PKF Francis Clark
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Covid-19 – Charities accounts and finances

Reporting accounts and finances – SORP making body issues COVID-19 related advice

The Charity SORP has issued updated guidance about what and how to report, looking at the potential impact of control measures to contain COVID-19 on financial reporting by charities.

It looks at implications for the Trustees annual report, going concern and alternatives to going concern.

 

Extensions to their annual return deadline

Any charity that needs an extension to their annual return deadline can contact the Charity Commission to ask for one.

The Commission wants to assure charities that their approach to regulation during this period will be as flexible and supportive as possible:

https://www.gov.uk/government/news/filing-charity-annual-returns-during-the-coronavirus-pandemic

 

Guidance to help with running your charity during the Coronavirus (COVID-19) outbreak.

The commission has also released useful information about running a charity through the COVID-19 challenging period.

Information covers help to pay staff, using reserves and restricted funds to survive the crisis and running key meetings such as AGMs.

 

By Jane Johns

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