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A charity reserves policy is a key element of effective financial management and good governance. It allows trustees to determine the appropriate level of funds the charity should retain to manage future risks, maintain financial stability, and continue delivering its charitable objectives. A clearly documented reserves policy gives confidence to trustees, donors, funders, and regulators
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Trustees play a vital role in the success and sustainability of a charity. They’re responsible for ensuring the charity is properly managed, achieves its objectives, and uses its funds effectively. A common question we’re asked by charities across Mitcham and Greater London is: can trustees be paid for their work? The answer isn’t always straightforward.
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Gift Aid is one of the simplest and most effective ways for UK charities to increase the value of donations without asking supporters to give more. Despite its benefits, many charities and donors are still unsure about how it works, who qualifies, and how to claim it correctly. At Adept Accountax, based in Mitcham and
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If you’re looking to start a business that benefits your local community while operating commercially, a Community Interest Company (CIC) could be the ideal structure. A CIC is a special type of limited company designed for social enterprises. It allows you to trade, generate profits, and pay directors, while ensuring the company’s assets and profits
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If you’re starting an organisation to make a positive impact in your community — whether in Mitcham, across Greater London, or further afield — one of the first decisions you’ll need to make is whether to register as a charity or a Community Interest Company (CIC). At Adept Accountax, our Mitcham-based team regularly advises founders
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