Improving Your Charity’s Finance Function: Practical Steps for Success
Is your charity’s finance function weighed down by inconsistent bookkeeping, missing documents, and an overload of disconnected spreadsheets? You’re not alone. Many small and medium-sized charities face the daily challenge of keeping their financial operations in order while already stretched for time and resources. But a well-structured finance function is not a luxury — it’s […]
Types of Fundraising for Charities and How to Manage Them Responsibly
Fundraising plays a vital role in generating income and raising awareness for charities of all sizes. Whether you’re a small, community-based organization or a national charity, having an effective fundraising strategy is crucial to ensuring long-term sustainability and impact. However, there’s no one-size-fits-all approach. The success of any fundraising activity depends on understanding what works […]
AI in Charities: Balancing Innovation with Governance
Artificial Intelligence (AI) continues to transform industries, and the charity sector is no exception. Tools like ChatGPT have brought AI into the mainstream, making it a key player in driving digital transformation for charities. Whether you view AI as a disruptor or a game-changer, there’s no denying its potential to streamline operations, increase productivity, and […]
Building Trust Through Transparency: Charity Finance Strategies That Inspire Confidence
Trust is not a given. It’s something that must be earned—and in the charity sector, that takes time, transparency, and staying true to your values. For charities, public trust is the foundation of success. It drives donations, builds community partnerships, and secures long-term sustainability. Yet trust in charities remains fragile. News headlines about trustees neglecting […]
Why Financial Transparency and Oversight Matter for Charities
Transparency is a cornerstone of trust for any charity. Clear and accurate financial data isn’t just good practice—it’s essential for building strong relationships with donors, trustees, funders, and beneficiaries. It also ensures compliance with the Charity Commission and safeguards your organization’s reputation.As we enter a new financial year, charities face increased scrutiny from regulators. Reports […]
Do Charities Pay Tax in the UK? Here’s What You Need to Know
There’s a common belief that charities in the UK are completely exempt from paying tax. While registered charities do benefit from significant tax reliefs, they are not entirely off the tax radar. In fact, under certain conditions, charities may still be liable for taxes such as corporation tax or income tax—particularly if their income is […]
How to Prepare for Potential Adverse Tax Changes in the Upcoming Budget Announcement
🌐 How to Prepare for Potential Adverse Tax Changes in the Upcoming Budget Announcement With a major government budget announcement on the horizon, uncertainty around potential tax policy changes is inevitable. For both businesses and individual taxpayers, anticipating and preparing for these changes can make a significant impact. At Bowdon Accounting Services, we’ve compiled key […]
Revitalising Financial Management: How Bowdon Accounting Services Provided Strategic Finance Support to a Small Business
Recently, we partnered with a small, family-owned limited company that was facing significant financial challenges. The Challenge: This company, known for its innovative products and exceptional customer service, was struggling with its financial management. Rapid growth had brought unexpected complexity to their operations, and their internal accounting systems were no longer sufficient. Cash flow was […]
Understanding the True Cost of Hiring Staff
Hiring new staff is a significant investment for any business. But have you considered all the associated costs beyond just salaries? Here’s what every business owner needs to be aware of: 1) On-Costs: National Insurance contributions, pension schemes, and other statutory costs can add up quickly. Make sure to budget for these mandatory expenses. 2) […]
Understanding Business Expenses for Tax Purposes
Understanding business expenses for tax purposes can be complex. Here’s a guide to help you navigate: What are Business Expenses? Business expenses are costs incurred wholly and exclusively for running your business. Deducting these expenses from your income can reduce your taxable profits, thus lowering your tax liability. Seeking expert tax advice and strategic finance […]
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