Charity donation fraud is the act of using deception to get money from people who believe they are making donations to a genuine charity. Fake charity collectors prey on the public’s sympathy by asking them to make a donation to a worthy cause. This type of charity fraud is often prevalent during a sudden catastrophe or crisis such as a tsunami or earthquake which compels the general public to contribute to help the people affected. Fraudsters swarm to take advantage of highly publicised emergencies, and many bogus charities can pop up under the guise of helping those in need. It is awful to realise that our attempt to help someone could be subject to theft.
Grant Fraud can be a significant risk. It is often difficult to measure the actual outcomes of grant-funded organisations as the work undertaken is rarely reportable in financial terms. When grantmaking is mishandled, it can damage an organisation’s reputation and public trust and it’s important to remain vigilant. The level of risk will depend on various factors such as the type of grant recipient, the purpose of the grant, the nature and size of the grant. In addition a high volume of low-value grants can increase the risk because it is not practical to monitor expenditure at a level that might find any fraud. For example, grants for capital projects are likely to be at a lower risk of fraud than those paid to individuals or less well established groups.
In October 2016 it was announced that for the first time mobile devices were used more than traditional computers for web browsing. Two years down the line, quite unsurprisingly, findings from the Office for National Statistics (ONS) show that mobile phones remain the most popular devices used to access the internet. Among the surveyed adults, 78% used mobile phones to access the internet.
We are less than a week away from the final budget to be delivered before the UK leaves the EU and already we are feeling the changes – a different day (a Monday rather than a Wednesday) and a rumoured 3.30pm start – as Philip Hammond looks to “build a stronger, more prosperous economy”.
All charities that are required to prepare accounts are obliged to do so in accordance with UK accounting standards, and in particular the Statement of Recommended Practice on Accounting and Reporting by Charities, commonly known as the SORP.