Nicola Adams Journalist Profile

Articles

The Minefield of Reserves Reporting

Jan 22, 2025 | bhp.co.uk | Nicola Adams

A charity’s reserves can be complicated. They are often held in different types of funds (e.g., restricted, endowment, designated) and can be split between different asset types (e.g., properties, investments, cash). Trustees should be able to understand the reserves held by their charity and consider what target level of reserves the charity should hold. Many charities still report a boilerplate 3 or 6 months of expenditure without true consideration of the types of funds and assets held.
The Ellis Church, Hemingfield - Church in Schools Case Study

Jan 7, 2025 | sheffield.anglican.org | Nicola Adams

John, the vicar at St Mary’s in Wombwell and Centenary Project worker, Steph run an afterschool service called The Ellis Church. This regular service usually takes place in the main hall at The Ellis primary School with John, Steph and a few volunteers from St Mary’s. Families from the school attend and occasionally school staff, with an average attendance of 21 people.
Centenary Project Youth Wild Away Day

Oct 31, 2024 | sheffield.anglican.org | Nicola Adams |Hannah Robinson

This year it was the turn of the youth for the Centenary Project’s Annual Wild Away Day, taking place on Saturday the 19th of October again at the Kingswood Inspired Learning at the Dearne Valley Centre. 74 young people from 8 different youth groups joined us with their 27 Youth Workers and members of CP team. This year we opened the invite wider than just Centenary Project groups, welcoming groups that join our Doncaster Youth Hub and Rotherham/Sheffield Youth Hub events.
Voluntary Organisation Banking Guide

Sep 20, 2024 | bhp.co.uk | Nicola Adams

UK Finance recently launched its new banking guide, which promises to simplify the process of opening and managing bank accounts. The guide, created with banking and voluntary sector partners, is a 17-page digital resource document that can be easily navigated through sectional hyperlinks on the webpage below.
Academy Trust Handbook 2024 - review of key changes

Aug 12, 2024 | bhp.co.uk | Nicola Adams

The Academy Trust Handbook 2024 (ATH 2024) has recently been published and is now available. The ATH 2024 applies with effect from 1 September 2024. The main changes are:While a trust has always been able to enter into operating leases, from 1 September 2024 trusts will also be able to take out finance leases, without approaching the Education and Skills Funding Agency (ESFA) for prior approval, where the asset type appears on the Department for Education’s (DfE’s) approved list.
Hatfield St. Lawrence Church

Jun 17, 2024 | sheffield.anglican.org | Nicola Adams

We are so excited to share the news that Hatfield Heroes Youth Group are the winners of this month’s the “Winner Shares It All” with the Co-op!One amazing member who chose us as their local community cause has been picked meaning we get £5,000. This will go towards all the work we do with youth, children and families in our Parish. Hatfield Hero’s is the Youth group belonging to St. Lawrence Church and Rachel Ridler is the Children, Youth and Families’ worker for Centenary Project.
Meet the team - Nicola Adams

Jan 22, 2024 | bhp.co.uk | Nicola Adams

In the latest instalment of our popular Meet the Team series, we’ve been chatting to Nicola Adams, Director RI in our Audit team. Nicola joined BHP after leaving school in 2007 and became a Chartered Accountant in 2012 on the completion of her AAT qualification. She’s now a valuable member of our specialist Charities and Academies teams. Read our interview:I manage a portfolio of charity and not-for profit clients from planning to completion.
Cost of living pressures - guidance for charities

Jan 18, 2024 | bhp.co.uk | Nicola Adams

Cost of living pressures are continuing to cause financial difficulties for many charities, their service users, donors and employees. Donors feeling the constraints may lead to reduced income and those charities providing services to people in need are seeing demand for services increase. These factors are a double hit to charities’ finances.
Calling all 31 March 2023 charity year ends!

Jan 9, 2024 | bhp.co.uk | Nicola Adams

Don’t forget 31 January 2024 is the deadline for submitting your Annual Return and Annual Accounts to the Charity Commission. After many initially reported teething problems, I am pleased to say, as a trustee, I managed to set up a new My Charity Commission account with no issues last week. The charity’s primary contact was able to register their account and request an account for me quite easily following the online guidance. The guidance can be found here.
Charity Commission update June 2023

Jul 13, 2023 | bhp.co.uk | Lorna Ward |Nicola Adams

Nicola Adams takes a look at all the latest news from the Charity Commission. Update to CC8 Internal Financial Controls for CharitiesThe Charity Commission has updated its guidance on how to manage your charity’s financial activity and use internal financial controls to reduce the risk of loss. The guidance has been restructured to make it clearer, more concise, and to cover new issues which were not relevant or in existence when the original guidance was drafted.