Knowledge Centre Category: U

Unrestricted Funds

Unrestricted funds are income received by a charity or not-for-profit that can be used at the trustees' discretion for any purpose that furthers the organisation's objects. Green Accountancy's charity accounting service ensures that restricted and unrestricted funds are correctly identified, recorded and reported in line with Charity Commission requirements.

Unapproved Share Options

Unapproved share options are share options that fall outside HMRC-approved schemes such as EMI, meaning they do not benefit from the same tax advantages and are typically subject to income tax and National Insurance when exercised.