Written for all non-profit making organisations, the new edition of this clear and user-friendly guide explains the principles of good financial management, and gives updated advice on the legal and taxation issues affecting charity finances. Supported by examples throughout, it covers: financial planning, budgeting and cashflow; audit requirements; financial controls and risk management; computerising your accounts; investing charity assets; tax, trading and VAT; basic bookkeeping; tax-effective giving; and charity accounts. This fully revised edition includes new material on SORP 2005, an overview of Full Cost Recovery, latest Charity Commission guidance on investment, and updates on current good practice in computerisation accounts.The author, Kate Sayer, is a chartered accountant and a partner at Sayer Vincent with over 20 years' experience of the charity and not-for-profit sector. Acclaim for the previous editions: 'This practical guide clearly and authoritatively maps the finance function ...and its legal and technical framework.' - "Third Sector magazine". 'An expert guide to the whole field of financial management for charities.' - "Association of Charity Officers".