This event has been recorded and is now available on demand.
We are delighted to host our Fundamentals session on charity accounting and tax for those who are new to the non-profit sector or would like to refresh their knowledge. This is a half-day virtual event which focuses on the key areas where charity accounting and tax differs.
Respected speakers from the sector will provide an introduction to charity accounts and guidance on income recognition and reserves. Tax sessions will discuss VAT (income and recovery), gift aid and a range of basic tax exemptions for charities.
This event will be chaired by Joanna Pittman, Partner at Sayer Vincent
ICAEW members and non-members are welcome to join.
Should you experience any difficulties booking onto the event, please go to our events support page - how to book.
The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.
Joanna Pittman, Sayer Vincent
What’s different about charity accounts – Introduction
Jill Halford, BDO
Nicola May, Partner, Crowe UK LLP
Reserves - fundamentals
This session will cover the different types of reserves that can be held by a charity and how they arise. We will discuss the presentation in the accounts and the basic requirements of a reserves policy.
Cara Turtington, Saffery Champness
VAT (Income/ Recovery)
The session will cover the VAT status of income streams, difficult areas such as grants and contracts, education and membership. It will also look at VAT recovery, partial exemption and when zero rating reliefs are available.
Helen Elliott and Ross Palmer, Sayer Vincent
Basic tax exemptions
Luke Savvas, Buzzacott
Introduction to Gift aid
Iain Sanderson, PWC
N.B Programme is subject to change
To join the ICAEW Charity Finance Professionals Community, please click here
Joanna Pittman, Partner, Sayer VincentJoanna Pittman is Chair of the ICAEW Charity committee, which she has been a member of since 2015. Joanna is a partner at Sayer Vincent where she is senior statutory auditor and independent examiner for a portfolio of charities and other social purpose organisations. Joanna is a member of the Charities SORP committee and also Chair of the Charity Practitioners’ Forum. She is also a trustee of Farleigh Hospice, where she chairs the Financial Governance committee.
Helen Elliott, Partner, Sayer Vincent Helen leads Gift Aid, VAT, governance, mergers and due diligence reviews, provides training and facilitation for charities on finance, tax, governance and risk and is also an audit partner. She is a Fellow of the ICAEW and holds a Diploma in Charity Accounting. Helen has helped many charities with tax issues including Gift Aid, VAT recovery, property, VAT on membership income, trading and employment issues. She regularly supports clients in dealing with HMRC on these areas. She works with a wide range of charities, including adult and children’s hospices, professional membership bodies, health and social care charities and arts organisations. Helen is a recognised authority on charity issues and is regularly invited to speak at external seminars. She leads Sayer Vincent’s in-house tax specialist group, writes articles and is quoted in the charity and finance press.
Ross Palmer, Senior Tax Manager, Sayer VincentRoss Palmer is a Senior Tax Manager at Sayer Vincent, which works exclusively with charities and social purpose organisations. Ross helps deliver a wide range of tax advice such as VAT recovery, application of VAT exemptions, Gift Aid and trading issues – including being able to advise on the potential interactions between different taxes. Ross supports a organisations from across the charity sector to help develop their own knowledge and understanding of the issues involved. He also regularly presents at external events as well as delivering bespoke training sessions for organisations.
Iain Sanderson, Senior Tax Manager, PwCIain is a Senior Tax Manager in PwCs Social Business team. Iain has specialised in tax at PwC for over 25 years and works with a wide range of charities and other social business organisations. As well as providing corporation tax compliance services to charities Iain advises clients on UK corporation tax issues such as primary and non-primary purpose trading, transactional advice, gift aid and the tax implications of UK charities operating overseas. Iain also has significant experience in tax governance advising charities on all aspects of tax governance from controls and processes around tax to compliance with the Senior Accounting Officer, tax strategy publication and Corporate Criminal Offence legislation.
Cara Turtington, Partner, Saffery ChampnessCara is a partner based in London and is head of the firm’s Not-for-Profit Group. She works predominantly on assignments in the charity sector, overseeing audits and assisting clients in areas such as governance, systems and controls, reporting requirements, budgeting and forecasting. Cara's portfolio of clients currently includes welfare charities, schools and environmental charities. She has a particular specialism in advising arts and theatrical charities and acts for a number of large grant-making foundations. She is also involved in providing a number of training courses the firm delivers, and has been invited to speak on charity finance matters by a number of banks and investment managers and The Business School (formerly Cass).
Luke Savvas, Partner, BuzzacottLuke is a tax partner specialising in charity and not for profit tax. Luke is an expert on all tax issues affecting the not for profit sector, performing a range of services including: advice on structuring, property transactions, social investment tax relief, charitable trading, qualifying charitable investment and funding, Gift Aid and other tax efficient giving, as well as tax advice for fundraising.
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