We
are experienced in setting up businesses and
charities; also trained in charity law, charity accounting and financial
management etc
through London
South Bank University (LSBU).
This is in line with
the guideline of the Charity Commission of England
and Wales. If
you want to set up a business, but you are not
sure about the form it should take, you can contact us for help.
Setting up a business can be
difficult. Managing and sustaining
it for future success is even more
difficult. This is the reason why professional
training is essential.
1. Charity Accounting and Finance:
- Knowledge of the concepts and
practices in general
accounting,
understanding of charity accounting
requirements and to appreciate
good practice in charity financial accounting
and reporting (Statement of Recommended
Practice (SORP 2005): Accounting
and Reporting by Charities in accordance
with the Charity Commission in
England
and Wales).
- Knowledge of current
legal regulations and professional standards that affect
charity accounting and accountability
-
Assess whether charity accounting and reporting systems are in accordance
with recommended professional practice
-
Interpret financial accounting statements prepared by respective
charities
- To be able to give advice
to charity managers and trustees on matters
of charity accounting and financial
management
- Assist in procedures
to plan and control decision-making by charities,
etc.
2. Charity Law:
- Evolution of Law
- Theory and origin of Engish Law
- Distinction between Common Law
and Statute
- Evolution of Trust and how it
is formed
- Forms of organisations Charity
can take
- Formation of Charity: qualities, responsibilities and obligations of
trustees and
-
Governing documents: constitutions etc
- Employment Law: contract of employment against contract for employment,
etc
- Law of Contract, Tort and Negligence
3. Marketing and Fundraising
4. Human Resource Management
- Employment Law
- Contract of Employment (i.e. employees vs employer relationship)
- Contract for Employment (i.e. self-employed, freelance, etc providing
services on contract).
- Equal Opportunities and Anti-discrimination policies
- Managing Diversity
- Organisational Culture, etc
5. Voluntary Sector Financial Management:
- to be conversant with regulatory and best practice issues affecting
Voluntary
Sector
Financial
Management
- to acquire analytical skills necessary to undertake a range of financial management
activities.
- to be an effective member of the management team, and be able to give
authoritative
advice
to the
Management
Committee
(Trustees)
- understand the role of the Finance Director, Finace Strategy, Funding the Social
Economy, Reserves and Sustainability, Risk Management and Internal Audit, etc
6. Research Methods and Methodology:
- Research/ dissertation proposal
- Research design/ plan
- Research topic and research questions (Identify
and develop)
- Literature review
- Data collection methods/ techniques
- Interviews and questionnaire design
- Conducting research
- Data analysis (using SPSS 14 for windows computer software)
- Referencing (Harvard Referencing System)
etc
7. Charity Taxation
- The concept and origin of taxation in Europe
- Types of tax: direct and indirect; income tax, corporate tax, inheritance
tax, value added tax (VAT), National Insurance Contributions (NIC), etc
- Employment taxes
- VAT and service
delivery: recovery of VAT
- Tax exemption, Zero-rated tax,
- Gift Aid as source of charitable income: gift aid and tax recovery by
charities and donors
- Tax evasion, tax avoidance, etc.
8. Advanced Charity Accounting
- Statement of Recommended Practice (SORP 2005): Accounting and
Reporting by Charities in accordance with the Charity Commission in England
and Wales.
- Trustees Annual Reports: Reserves policies, Investment policies etc.
- Statement of Financial Activities (SOFA): Incoming Resources and Resources
Expended, Restricted and Unrestricted Income, Funds movement etc
- Cost Apportionment and Full Cost Recovery
- The Balance Sheet: Charity's Assets and Liabilities, Liquidity ratio
-
Cash Flow analysis: liquidity appraisal
- Management Accounting: investment appraisal, strategic planning etc.
- Budgeting, budgetary control and variance analysis
- Social Accounting: a method by which a business gives accounts for the
impact of its operations on the society or environment.
-
Social accounting
and auditing: measuring and reporting on an organisation's social
and ethical performance.
- Auditing and Independent Examination: differences, conditions, merits
and demerits
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