New Forest


Issues arising from the Ukraine crisis

Preparers of charity accounts need to be aware of how the Ukraine crisis could affect their reporting. The ICAEW has published guidance on the key issues that should be considered, which although not written with charities specifically in mind may be of use for those currently preparing accounts for charities that have been affected by the conflict.

Areas to focus on include the impairment of assets, disclosure of post balance sheet events and the need for adequate narrative reporting, which for a charity could include the need to explain in the trustees’ report how the conflict has impacted on the activities undertaken by the charity, the implications for its financial position and how future plans have been affected.


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HMRC has announced their new Advisory Fuel Rates (AFRs) for Employees and Directors using a company car.

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The Energy Bill Relief Scheme will help to cut energy prices for businesses, charities and public sector organisations, such as schools and hospitals.

The scheme will run for 6 months and cover energy used from 1 October 2022 to 31 March 2023.

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