Charities
How charities can manage the burden of compliance
Charity may not begin at home, but in these difficult economic times, it is vital that charities are able to operate cost effectively in order to survive.
The sector has witnessed a major increase in the burden of compliance. Statements of Recommended Practice (SORPS) continue to be regularly updated. Financial statements have to be prepared in a special format. Trustees have a need for regular and up-to-date advice and information.
Cartwrights works with and advises both large and small charities. We provide pro-active advice to help charities negotiate these difficult times, whilst ensuring charitable objectives they continue to be achieved.
In addition to our advisory services to charities, we also offer a range of compliance solutions including, bookkeeping, payroll, accounts preparation, independent examiner reports or full charity audits.
Our expertise in the charitable sector has enabled us to fine tune our systems and procedures so that we are able to deal cost effectively with the compliance burden and ensure that we have a sound knowledge of developments in the charity sector. Our advice and our input will help assure trustees comply with the latest regulations.
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Latest news from [Company name]
From October 2026, companies will have to comply with new rules on trade unions introduced as part of the Employment Rights Act.
The tax rules on Benefits in Kind (BIKs) are changing. From 6 April 2027, Phase 1 of HMRC’s ‘Mandatory payrolling of Benefits in Kind and expenses’ comes into force. Phase 1 will apply only company cars, car fuel, vans, van fuel and medical benefits.
Energy regulator Ofgem has announced a 4% increase in the energy price cap for the period covering 1 October to 31 December 2026. This increase reflects higher wholesale gas prices due to the ongoing conflict in the Middle East, with volatile global gas markets remaining the dominant driver of price changes.
UK businesses are facing a “cost of business crisis”, according to the British Chambers of Commerce (BCC). Its new cost-stack calculator shows government policy alone has pushed up an average firm's expenses by 70% over the past decade, adding roughly £827,000 a year in costs for a typical mid-sized business. About a quarter of the rise stems from the increase in employer National Insurance contributions, with the higher minimum wage and mandatory pension auto-enrolment also major contributors.