Not For Profit
There are many different not-for-profit legal structures:
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FCA registered Industrial & Provident Society limited liability clubs,
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Companies limited by guarantee,
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Unincorporated clubs (usually constituted via a trust deed),
The administration, governance and accounting requirements of such organisations is governed by legislation, accounting SORPs and internal constitution. We have established a specialist team of not-for-profit expertise, who currently act for clients in various sectors:
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Local and national charities,
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Registered social landlords,
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Private members clubs,
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The Theatre,
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Religious organisations,
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Organisations set up to own and maintain a protected asset,
We find that the services that these clients are most interested in are:
Compliance Services
- Preparation and submission of annual accounts,
- Different levels of assurance on these accounts:
- None,
- Independent Examination,
- Audit,
Outsourced Services
Advisory Services
- Advice on the most appropriate operating structure,
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Tax issues perculiar these types of organisation (including mutual corporation tax status, CASC, gift aid reclaims and partially exempt VAT returns),
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Making ourselves available for general support services, including attending your AGM, if required.
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Building up and investing surplus funds and the related fund accounting,
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Advice on governance issues.
Instruct us to prepare your statutory accounts and we shall unburden you of the worry of correctly complying with the relevant legislation/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.
