Charities must follow fund accounting principles and these principles apply to restricted funding. One fundamental principle is that when you receive income,…

Should your charity create accounts using a receipts and payments basis or an accruals basis? Tim Wyatt answers this common fund accounting question.

Tim Wyatt, an independent examiner at Wyatt & Co Chartered Accountants, shares three common fund accounting mistakes and top tips to avoid them.

All UK churches and charities must follow the principles of fund accounting when creating their accounts. Here we explain about types of funds.