Course Details

A study by the Charity Commission of c300 sets of charity accounts found that around only 50% met its minimum standard external scrutiny benchmark. 


Of more concern to professionals is arguably that only 44% of the accounts examined by qualified individuals met with the minimum benchmark.   This extended to only 18% of unqualified examiners meeting with it. 


Charities may heavily rely on their accounts to secure funding.  A poorly presented set of financial statements not meeting with the requirements may suggest to potential donors that the charity is not well governed and therefore funding may not be awarded.

  

This session aims to refresh or increase the delegate’s understanding of Independent Examination, to help elevate their service provision, and benefit both the practitioner and the charities they look after.  


In this session, Kerry Clayton covers the following:


1.    Charity Commission minimum standard benchmark, applicable regulation, and guidance

2.    An overview of an Independent Examination and when it is required

3.    Following the Directions

4.    Content of a Trustees’ Annual Report

5.    Independent Examiner’s Report and the Statutory Duty to report



CPD Course Speaker

Rathbone Investment Management

Kerry Clayton

Kerry is a senior trust manager joining Rathbone Trust Company in 1997. Kerry heads a team whose wealth of experience can provide trustees with trust taxation, inheritance tax compliance, accountancy and administration services for all types of trust funds.

The team works closely with the Trust Company’s personal tax specialists to ensure beneficiaries receive the most tax efficient service possible. Within the team there are probate specialists who can assist executors by obtaining probate, liaising with HM Revenue & Customs on all areas of tax compliance, preparing estate accounts and providing a full administration service. Kerry specialises in charity structures and as a charity trustee herself understands the responsibility this brings.

Kerry is able to assist trustees with their compliance, including preparation of all types of charity accounts and undertaking Independent Examinations. She has many years of experience in charity best practice and governance and is both a trustee and Affiliate Member of the Association of Charity Independent Examiners. Members of her team can also help charity trustees with their administration, tailoring a service to suit the charity’s needs to ensure it meets with its aims and objectives.

Kerry is a full member of the Society of Trust and Estate Practitioners (STEP), a member of the Chartered Institute for Securities & Investment (MCISI) and a Fellow member of the Association of Accounting Technicians (AAT).