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Charities and Not For Profit Organisations

Charities and “not for profit” organisations

We have advised charities and other organisations in the not for profit sector on their financial and taxation affairs for many years and our clients include churches, grant making and aid providing charities, as well as service providers, Registered Social Landlords, care homes and schools.

Our experienced team is provided with regular training to ensure that they are properly equipped to deal with this specialised sector. We place a special emphasis on forming supportive relationships with our clients and understand that charities are special. We have a wealth if experience in the charity sector, enabling us to advise, alert and guide you on relevant matters which include:

  • Production of accounts and the application of SORP
  • Making the most of Gift Aid
  • Setting Reserves Policies
  • Avoiding the pitfalls when using Interns of Volunteers
  • trading activities
  • VAT implications for charities
  • Dealing with inquiries from HM Revenue & Customs
  • Good Governance including risk assessment

We are able to advise and support charities by providing services including:

External audit – We provide effective audit services which include timely and regular communication with your JCS Director. We aim for high client satisfaction with continuity of staff, regular face to face meetings and offering advice and support between audits as well. Our work is designed to not only fulfil the regulatory requirements but also to help you succeed in meeting the numerous challenges of this sector. The Audit Findings Report at the end of each audit assignment gives us the opportunity to highlight future developments and discuss updates in the business and charitable sector and how they may affect you. In this way we can help you identify practical action to address these.

Independent Examination – We can carry out the work prescribed by the Charity Commission to provide the assurance of an external review, where an audit is not required. We often combine this with advice and assistance on disclosure and format of your accounts. We can also include an update service with this assignment to keep you abreast of developments in the business and charitable sectors.

Outsourcing – You may need extra resources, particularly where there are temporary staff shortages due to illness or staff turnover or to access skills outside the experience of the finance staff. We can offer a variety of outsourcing services including: regular bookkeeping; preparation of VAT returns; assistance with or preparation of management accounts and cash flow forecasts; review of chart of accounts; setting up your software; ad hoc advice and support on all finance issues and training your staff.

Accounts preparation – We have extensive experience in preparing statutory accounts for charities and can assist you as little or as much as you need.

Payroll – We can provide full payroll services, including pension contributions and reports.

Tax – We can provide advice on a variety of areas, including the use of subsidiaries and trading through a charity.

Employment tax advice – We can help you prepare of an employer compliance review, consider the correct treatment of accommodation provided to employees and advise on how termination payments should be dealt with.

Governance – We have organised bespoke training for Governors, advised on particular governance issues and can help you design a suitable risk assessment system.

VAT – We have experience advising on all areas of VAT including detailed advice on capital projects to ensure that any VAT cost is minimised and opportunities are maximised.

Due diligence – If you are considering merging with or acquiring another organisation, we can advise on relevant issues and carry out due diligence work to enable you to consider fully the risks and opportunities of the proposed arrangements.

We look forward to discussing how we can assist you. Please contact us today for a fee no obligation quote and to discuss your requirements.