Charity finance workers will be able to gain a diploma in charity accounting by demonstrating the experience they already have, according to the Institute of Chartered Accountants for England and Wales, which awards the qualification. The qualification was previously open only to charity professionals who went through a period of training. The ICAEW said research carried out in 2009 showed that there was significant interest in an 'experience' route to the qualification.
About 2,900 charities last year had incomes above the audit threshold of £500,000 or £100,000 plus total assets of £2.8m, according to Caritas Data. The figures also show that the sector spent about £31m on audits in the year. Charities with incomes over £80m paid an average of £89,000, and those with incomes under £1m paid an average of £5,000.
A conference for foundations working in Europe will be held in Brussels from 31 May to 4 June. Foundation Week, administered by the European Foundation Centre, will include sessions on effective investment, impact measurement and working with the European Union.
- Send your finance news to David. Ainsworth@haymarket.com