Abstracts » Business

A charitable career

Article Abstract:

Accountants who wish to consider full-time employment with a charitable organization must take care to search the market thoroughly to identify the exact kind of charity they wish to be involved with on a professional basis. Compensation at charitable organizations is typically smaller, though pension schemes are usually offered. Working conditions, particularly in smaller charities, are profoundly different. Accountants accustomed to team-oriented work must adjust themselves to the fact that support staff in charities is usually minimal. The profiles of two chartered accountants who made the shift from commercial practice are presented to illustrate the challenges faced by accountants working in the charities sector.

Analysis, Employment, Accountants, Career development

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Sticking to the rules

Article Abstract:

The enactment of the Charities Act by the latter part of 1992 will result in significant revisions of the charity law as applicable to UK charities. Revisions are most significant in terms of the increased powers given to the Charity Commission, the stricter monitoring of charity trustees and the more stringent regulation of fundraising. Accountants should take note of the major provisions of the Act, specifically ss 19 to 27, regarding the accounting, financial reporting and auditing requirements for charities. Limited exemptions to the Act are contained in s 24.

Laws, regulations and rules, Accounting and auditing, Charitable trusts

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Lots of compassion but less cash

Article Abstract:

The recession has forced many British charities to retrench their operations. Many well known charities are laying off staff in the face of financial difficulties. Organizations such as the Royal National Institute for the Deaf, the National Society for the Prevention of Cruelty to Children, and the Spastics Group, are reevaluating their fundraising techniques in a bid to boost their revenues. Key strategies adopted by many charities include increased corporate fundraising, collaborative campaigns, and increased lobbying for public donations.

Economic aspects, Finance, Cover Story, Recessions, Fund raising

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