Charities and non-profit organisations including CIC are equally in need for accounting services as any other businesses. For charities and non profit organisations, this can be a challenge given the regulatory compliance and reporting requirements. We have a long standing involvement with these organisations and work with a wide variety of clients, including charities, CIC companies, academies, sports clubs, membership organisations and care charities, providing tailored support and advice as per their circumstances.

Charities in England or Wales must send an annual return to the Charity Commission or report their income and spending every year. We will prepare your charity’s accounts in accordance with the statement of recommended practice (SORP) and ensure that all your funds are properly accounted for and disclosed.

Your charity may need to pay tax if you’ve received income that does not qualify for tax relief,  spent any of your income on non-charitable purposes. They also pay tax on certain dividends and profits from the development of land or property. In addition, special VAT rules apply to charities.

As a charity, you can get certain tax reliefs if HMRC recognise you. Generally charities don’t pay tax on most types of income (unless it’s used for non-charitable purposes). The Community Amateur Sports Clubs (CASCS) get different tax relief.

No matter which charitable organisation you have, we are here to help with all accounting & compliance needs.