VAT is a tax that affects charities and arts organisations, and not just private business. This blog will look at the principles of VAT and how it directly affects arts charities, many of whom struggle when deciding which VAT rates to use for different goods and services. VAT registered businesses charge output VAT on the products and services they supply
There should be a culture of control and fraud prevention embedded into the strategic and operational affairs of an organisation. Senior management and trustees create this culture and should lead by example in adhering to the organisation’s internal financial controls and good practice. The trustees should make sure that an annual review is conducted into the effectiveness of internal financial
Product development and fundraising play a significant role in the arts world, and some of that innovation and excellence was highlighted at the recent Emcees Fundraising Awards that we were pleased to support. The examples of fundraising showcased and stories told prompted me to reflect on the similarity and link between fundraising and developing new products and services. Product Development
We’re proud to announce that Mahmood Reza, Owner Manager of Leicester based Pro Active Resolutions has been invited to join some of the leading figures and heavy weights in the UK’s cultural scene to make a key note contribution on Cultural funding in England. The seminar is taking place on 27th April 2017 at The Westminster Media Forum, Whitehall, London.
Characteristics Of A Charitable Incorporated Organisation If a charity wishes to protect its members from financial and legal risk it can operate as a charitable company. Since 2013 this same protection is also offered to a charitable incorporated organisation (CIO’s). A CIO has the following characteristics: It is an incorporated form of a charity that is not a company. It