We are a specialist provider of accounting services to charities and CICs, and we have vast experience in acting for a wide range of not-for-profit organisations.
The not-for-profit sector is currently facing many issues, including pressure on income, increased bureaucracy and public accountability, and changes in legislation.
Pressure on income has never been greater, with funding from local and central government being reduced every year, and with considerable competition for other sources of funding increasing too. At the same time, the need for the services supplied by charities is increasing, as societal problems become more complex.
With our guidance as a specialist charity accountant, you can be confident in overcoming the many issues you face with increasingly complex financial and tax legislation, especially VAT.
Our services include:
- Compliance with Charities Act 2011, SORP (FRS 102) and SORP (FRSSE);
- Compliance with other regulatory bodies;
- Tax implications of charity trading – use of subsidiary trading company;
- Gift Aid claims;
- Formation of Guarantee Companies; and
- Trustee responsibilities.
In addition, our outsourcing services include budgeting, cash flow projections, management reporting and payroll.
We understand the funding issues within the not-for-profit sector, and hence we charge reduced fees for our services to Charities and CICs.
