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,
  • The 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,
  • Different levels of assurance on these charity accounts:
    • Non
    • Independent Examination,
    • Audit (undertaken cost efficiently), including production of a helpful Management Letter,

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.

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
 
Paul Tatum
25th April 2017 Charity accounts do not meet the required standard

A significant number of charity accounts fail to explain how the charity is meeting its objectives, while many do not meet basic standards for users, particularly in the very smallest charities, according to research from the Charity Commission.   Of a recent sample, 54% of charities did not meet the public benefit reporting requirement. Some…

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Paul Tatum
1st May 2015 Charity Audit Legislation

Charities: Changes to audit exemption thresholds. Changes to charity audit thresholds came into force on 31 March 2015, aimed at reducing the regulatory burden for charities. They include increasing the basic audit threshold from £500,000 to £1 million, meaning less charities will be required to subject their accounts to a statutory audit. Those charities can instead…

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Paul Tatum
3rd November 2014 Gift Aid

New Charity Commission Guidance: Charities, trading subsidiaries and gift aid. The Charity Commission has withdrawn guidance from its website in connection with Gift Aid beyond distributable profits from charity trading arms to the parent charity. Some charities own subsidiary trading companies through which they carry out trading activities for a profit. The subsidiary may donate…

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Paul Tatum
16th July 2014 Charity Accounting Disclosures

New Charities SORP Published The new Charities SORP was published today and will apply to the accounts of charities for financial years commencing on or after 1 January 2015. There are two versions, one based on Financial Reporting Standard FRS 102 (new UK GAAP which replaces all earlier financial reporting standards) and a second for…

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