Finance

Knowing how to manage your finances is a vital skill for all voluntary organisations – from the smallest community group to the largest national charity. WDCVS can provide high quality, advice and support and this section highlights the range of services you can access to help you with this challenging task. Check our sub-section for services ranging from community accountancy services to training.

A range of financial management factsheets can also be found on MasterBank.

VAT exemption rules clarified: HM Revenue & Customs has published a brief to clear up confusion regarding whether charities providing "cultural services" are exempt from charging VAT on ticket sales. See HM Customers for more If you need help with this or any financial issue then contact us

Groups hit by Gift Aid cut: Charities in Scotland face losing millions of pounds because of changes in this week's Budget. Under the gift aid system registered charities can claim back income tax a donor has paid on the amount they contribute, so when Gordon Brown announced on Wednesday that he was cutting income tax by 2 per cent, the upshot for charitable organisations was a drop in the amount they will receive. It is reckoned charities across the UK will lose out by £71 million. If you are a charity, receive donations from the public and have not yet considered gift aid as a way of securing income, contact Selina on 0141 941 0886.