Charities have many statutory requirements to comply with which takes time from the important work of the charity.
Many charities fall into the requirements to have an independent examination and we are able to offer advice on these requirements and complete the independent examination.
We have many years of experience within the charity sector, which enables us to provide specific help and advice relevant to charities. We are able to work with you to take the worry of the statutory requirements and enable you to concentrate on the work of the charity.
If your income is over £250,000 you will need an independent examination carried out by a registered auditor and we are able to provide this service. If your income increases and you cross the audit threshold we can then complete the audit for you.
We are here to help through all your statutory needs ensuring you have the time to devote to running your charity.
The audit regime is changeable and many charities no longer require audits and only require independent examinations. Charities with income of more that £500,000 will require an audit and smaller charities may require an audit for other reasons such as to provide comfort to a bank or to provide comfort to the management. Some will be required to carry out an audit by their constitution.
Whatever the reason for the audit we are able to help charities meet these requirements. When our audit work is complete we will have reviewed the financial and management systems and will discuss and issues found with management. We are also look to identify any areas of weakness of opportunities for fraud and will be happy to discuss out findings fully with you.
We may be able to offer further advice to help the charity in other systems or areas.
Gift aid is a great source of income for many charities and we are able to help you complete the registration to be able to reclaim gift aid and to complete the gift aid returns.
If you are completing your own gift aid claims then we will be on hand to help and offer advice on systems required for calculating and reporting your gift aid.
We are here to help you with the gift aid claims ensuring you have the time to devote to running your charity.
We have a full payroll bureau and can take care of all your payroll needs allowing you to run the charity you know whilst we take care of the business we know.
Payroll can be a daunting task and we can help with all areas of payroll including;
We are able to help you with the completion of your payroll and are on hand to answer any queries you may have.
- Setting up a new payroll system
- Calculating the correct tax and national insurance
- Calculating student loan deductions
- Running the payroll system each month
- Calculating statutory payments such as sickness, maternity, paternity and adoption,
- Completing online filing of PAYE end of year returns such as P14’s and P35’s and reporting benefits in kind.
We are experienced in packages such as SAGE, QuickBooks, Financial Co-ordinator and TAS which allows us to carry out your book keeping for you, allowing you to concentrate on running your charity.
We are able to visit your premises to complete the book keeping or use a remote system to bring the records up to date.
We are able to tailor our services to your needs, visiting as often as required to ensure your records are up to date and that you have the time to devote to running your charity.
We are able to prepare monthly management accounts to enable you to review the work of the charity and we will discuss the progress with you to develop and improve the results.
Monthly management accounts can be prepared from our book keeping records or from your own in house records and we will review previous trends and work with you to help your charity reach its full potential.
Value Added Tax is a complex tax meaning that many returns are incorrect and VAT is being under or over paid.
VAT for charities can be complicated with rules for exempt items and different rates.
We are on hand to answer any VAT queries you may have enabling you to devote time to running your charity.
We are able to assist in the completion of a VAT registration, if necessary, and then are able to complete VAT returns or check returns completed by you. We are also able to assist in de-registering for VAT if circumstances change and you are no longer required to be VAT registered.