Charities: 2012 – Where Are We Going?

EDITOR'S COMMENT: 2012 – WHERE ARE WE GOING?

By Adrian Wild

Since issuing its proposed public benefit entity accounting standard, the UK Accounting Standards Board has decided not to issue separate guidance for public benefit entities.

2012 looks to be an interesting year for charities. The economic outlook continues to be very uncertain. As with other European countries, UK unemployment continues to rise. Demand for many charities' services will also increase.

While we hope that few charities will succumb, we highlight possible actions for charity trustees should the worst come to the worst. Low interest rates help individuals struggling with debt, but reduce income for many charities.