Charities

The governance and accounting requirements of a registered charity are quite complex. You need a charity accountant who has specialist knowledge of the Charities Act 2011, the related charities SORP and of the specific tax rules that are relevant.

We have established a specialist team of charity accounting expertise, who currently act for registered charities in many niche sectors:

  • Registered social landlords,
  • Education,
  • Head office and branches of national charities,
  • Theatre,
  • Religious organisations,
  • Medical charities,
  • Pre-school playgroups,
  • Charities which own and maintain a protected asset,
  • And numerous good cause small local charities, set up for a specific purpose.

We find that the accounting services that these charity clients are most interested in are:

Compliance Services

  • Preparation and submission of SORP compliant annual accounts,
  • Assistance with submission of the annual return,
  • Different levels of assurance on these charity accounts:
    • No assurance
    • Independent Examination,
    • Audit (undertaken cost efficiently), including production of a helpful Management Letter with recommendations for the Trustees,

Outsourced Services

Advisory Services

  • Advice on operating structure:
    • Unincorporated trust,
    • Companies Act charity, registered by guarantee,
    • Industrial and Provident Society Company.
  • Making ourselves available for general support services, including attending your AGM, if required.
  • Advice on statutory and financial governance issues.
  • Operating with HMRC rules on trading.

Instruct us to prepare your charity’s statutory accounts and we shall unburden you of the worry of correctly complying with the SORP. We shall also ensure that these accounts are prepared in sufficient time to be filed with the relevant Authorities by the statutory filing deadlines and for your AGM. When preparing these accounts, we shall be mindful of your beneficial tax status and we shall actively seek proven techniques to enable you to reclaim further tax.

We are mindful of the pressures to control costs and look to complete our work in the most efficient way possible, working with you to reduce the time spent.  We always look to agree a fee in advance and will discuss with you if this is likely to increase as our work progresses.

Client Review

We have found Whiting & Partners to be thoroughly professional in all the financial matters associated with our charity. Their understanding of both company and charity regulations is beyond any form of reproach. They are part of a winning team, for which our Board of directors are very grateful.



 
Latest Blogs in Charities
 
Megan Turner
5th July 2021 Charity annual returns

The charity annual return service is now available for 2021 and can be found on the link below. https://apps.charitycommission.gov.uk/   Charities need to submit their annual return within 10 months of the financial year end.   Dependant on the level of income, the annual return has different requirements; Income under £10,000 It is only the…

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Oliver Taylor
20th January 2021 Charity funds – which can I use during Covid?

During this unforeseen prolonged period of economic downturn charities may need to re-assess their short to long term aims. Certain planned activities may need to be delayed or even cancelled while more crucial expenditure takes priority. Charities may find it necessary to make use of their reserves to cope, or even just survive, this on-going…

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Jaimie King
12th October 2020 AGM deadline extension for Charities

Due to Coronavirus, the Charity Commission had previously released guidance allowing Charities to postpone their scheduled AGMs to 30th September 2020, and allowing them to be held digitally.   This guidance has now been updated to allow postponement of AGMs to 30th December 2020.   The updated guidance can be viewed at – https://www.gov.uk/guidance/coronavirus-covid-19-guidance-for-the-charity-sector  

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Oliver Taylor
12th October 2020 What to do if your charity is facing financial difficulties?

In recent months many charities have found themselves in financial difficulties and an uncertainty of long-term survival, often caused by factors out of their control. Most notably the ongoing Covid-19 outbreak, which has had several knock-on effects such as a reduction in donation income or decreased operating capacity during the tightened lockdown rules. Other external…

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Jaimie King
4th September 2020 New charity register

The Charity Commission has launched a new public register for charities – making information more transparent.   Using the below link, anyone can search for details of a charity which includes data such as financials, who the trustees are, and whether the charity fundraises from the public.   The Charity Commission wants members of the…

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Jaimie King
2nd July 2020 Covid Charity update

Many of the charities we support have been concerned about the impact of Coronavirus, and have understandably had many questions with regards to support and how to manage the charity.   Below is some of the latest government guidance (as of 26th June 2020) with regards to some of the most frequently asked questions that…

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Megan Turner
4th June 2020 Charity Commission: Reporting on matters of material significance

The Charity Commission released updated guidelines in April 2020 for auditors and independent examiners. This was based around the statutory duty to report to the charity regulators in the UK on matters of material significance.   The three main changes in this updated guidance are as follows: confirmation that difficulties in carrying out an audit…

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Jaimie King
30th April 2020 COVID-19: Charity fraud and cybercrime

The spread of Coronavirus is being exploited by criminals to carry out fraud and cybercrime. Latest data from police shows there has been an increase in Coronavirus related scams.   Any charity is at risk, but especially those providing services to the local community during this crisis. Common frauds and cybercrimes to be aware of…

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Megan Turner
6th April 2020 Coronavirus delaying filing your Charity Annual Return?

All charities must file their Annual Return with the Charity Commission every year.   The Charity Commission have released guidance regarding the current situation for anyone affected by coronavirus. If you are due to submit an annual return, but are unable to due to the virus, you must contact the Charity Commission before the filing…

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Jonathan Moore
5th September 2019 Gift Aid Guidance Update

HM Revenue & Customs have updated their Gift Aid for charities guidance.   In particular, the tables under sections titled The Benefit Rule, Charity Auctions and Educational School trips have been updated the latter of which will be of interest to charities involved in the running of schools and Educational Trusts.   The updated guidance…

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