Accounts and Tax Returns
You can apply to extend your accounts filing deadline with Companies House if you cannot send your accounts because of an event that’s outside of your control. Due to Covid-19, you can apply for an immediate 3 month extension if your company is affected by coronavirus.
As a charitable company or a social enterprise such as a community interest company or a company limited by guarantee, you are legally required to complete a return to the regulator companies house. To qualify for this extension, you must apply before your filing deadline. You may not be eligible if you’ve already extended your filing deadline, or shortened your accounting period.
To apply for an extension due to coronavirus you must apply online.
Details of how to apply can be found here.
Financial management during COVID-19
Gurbinder Singh, Director of Leicester-based accountants BGS Accounting, provides guidance for local charities and community groups on how to manage their finances during COVID-19.
Financial management after COVID-19
Gurbinder Singh, Director of Leicester-based accountants BGS Accounting, provides guidance for local charities and community groups on how to manage their finances once the COVID-19 lockdown passes.
NHS - Advice for everyone – Coronavirus (COVID-19)
The NHS Advice for everyone on Coronavirus (COVID-19).
Small Charities Coalition - Small charities bulletin (2 March 2020)
This special briefing has been written to help small charities think through some of the issues that Coronavirus may mean for their organisation.
Charity Bank - COVID-19 Resource Hub for Charities and Social Enterprises
COVID-19 has created extra challenges for the social sector. Many of your staff may now be working from home. You may have had to cancel events and change how you support your service users.
- Pets and Coronavirus - Comfort in Crisis
Department for Digital, Culture, Media and Sport (DCMS): Impact of Covid-19 survey
DCMS have released a survey to understand the impact of the COVID-19 outbreak on organisations in the digital, culture, media, sport, gambling, telecoms and tourism sectors and their engagement with the available government interventions. The survey should take around 10-20 minutes and the deadline for responses is 15 May 2020.
Groop: Secure online video calling
Groop are a social business committed to supporting community groups in a sustainable way to collaborate and communicate. They provide facilities to enable you to schedule multi-user meetings and deliver group sessions with your participants via GroopEvents. They are offering to support voluntary, charity or small businesses during COVID-19 with a free 7 day trial to Groop, including GroopLive and a 60% discount for the next three months – £7.99 per month
Department for Business, Energy and Industrial Strategy : Upcoming Corporate Insolvency and Governance Bill
On 14 May the government introduced temporary measures to give companies and other bodies flexibility around Annual General Meetings (AGMs) and other meetings.
This will be made retrospective to 26 March and the successful passage of the upcoming Corporate Insolvency and Governance Bill. Companies required by law to hold Annual General Meetings (AGMs) will be extended greater flexibilities, including holding Annual General Meetings (AGMs) online or postponing the meetings.
The Insolvency Service: Amendment to insolvency law – relevance to charities and social enterprises
On 14 May, the government amend insolvency law to give companies breathing space and keep trading while they explore options for rescue.
This was initially announced on 28 March, but has now been extended in light of the government’s update to lockdown rules earlier this week. This will enable companies to continue buying much-needed supplies, such as energy, raw materials or broadband, while attempting a rescue.
The temporary suspension of wrongful trading provisions, retrospectively from 1 March 2020 for three months, will enable company directors to keep their businesses going without the threat of personal liability. The press release on this can be found here.
To understand how this is relevant to a charity, Bates Wells have produced a guide called “Charity Governance and Solvency: A Coronavirus Guide” view here
Aspects of the guide might also be useful for social enterprises.
Charity Retail Association: Reopening pack
The charity retail association describe themselves as the primary membership organisation for charity shops in the United Kingdom.
The re-opening pack consists of helpful guidance for when charity shops are given the green light to open up shops, and provides some suggestions of things to think about in the meantime.
The pack should be read in conjunction with UK Government guidance for shops on working safely during coronavirus.
The pack is regularly revised to take account of government changes and feedback from members. The latest version published is version 3. Read more
- Leicestershire Police: Social distancing rules during coronavirus in England
- Save Social Investment Tax Relief (SITR)
Law Works is a charity connecting volunteer lawyers with people in need of legal advice. They have produced an article -payment of rent where access to premises is forbidden.
The article covers :
- What are our rights?
- Can we withhold rent?
- If we cannot occupy the premises, does the lease come to an end?
- How to use lease frustration and force majeure
St John Ambulance: Working safely during COVID-19 - Free tool and advice
St John Ambulance’s describe themselves as a charity that steps forward in the moments that matter, to save lives and keep communities safe.
They have produced a free online tool to help organisations can work safely during this fast-moving situation: Click here to read more and view the online tool and advice
Befriending Network: Interim Volunteer Toolkit
Befriending Networks is a national support organisation for befriending projects throughout the UK.
During the Covid-19 period they have produced a whole range of resources, templates and training videos for interim volunteers which are all available to download free on their website.
This includes information about DBS, handling money, boundaries, safeguarding and confidentiality as well as template forms and policies for telephone and distance befriending. More information can be found here.
The easy access Interim Volunteer Toolkit can be found here.