Charities & Charity Incorporations
At LMJ Group, we specialise in turning your charitable vision into reality.
Managing a charity comes with a unique set of challenges, from navigating regulatory landscapes to ensuring financial transparency. As Chartered Accountants firm, we bring a wealth of experience to support charities across the UK. Our tailored services are designed to meet your organization’s specific needs, allowing you to focus on your mission of making a positive impact in the community.
Tailored Services for Charitable Organizations
Charity Formation and Registration Starting a charity can be complex, but we’re here to simplify the process. From drafting your governing document to registering with the Charity Commission, we ensure your organization meets all regulatory requirements from the start.
Charity Accounts Preparation We specialize in preparing statutory accounts that comply with the Statement of Recommended Practice (SORP) for charities. Whether your charity is small or large, we ensure your accounts are accurate, transparent, and adhere to current regulations.
Independent Examination and Audit Depending on your charity’s income, you may need an independent examination or a full audit. Our experienced team provides both services, giving you peace of mind that your accounts are thoroughly reviewed and compliant.
Gift Aid Management Maximizing Gift Aid is crucial for many charities. We offer expert guidance on Gift Aid registration, claims, and ongoing management, ensuring you receive the full benefits under UK tax law.
VAT and Tax Advisory VAT and tax regulations for charities are complex and constantly evolving. Our dedicated team offers tailored advice to navigate these complexities, ensuring your charity remains tax-efficient and compliant.
Payroll Services Managing payroll for charity staff and volunteers can be intricate, given the various types of contracts and pay structures. We offer comprehensive payroll services that ensure compliance with HMRC requirements, allowing you to focus on your mission.
Financial Planning and Strategy Strategic financial planning is key to the sustainability of any charity. We work with you to develop a robust financial strategy, including budgeting, forecasting, and risk management, to support your charity’s growth.
Governance and Compliance Support Effective governance is crucial for any successful charity. We provide guidance on best practices in governance, helping you implement effective structures, policies, and procedures to ensure efficient and ethical operations.
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 your charity accounting & compliance needs.
Why Choose us?
Expertise in the Charity Sector With years of experience in the charity sector, we understand the unique challenges and opportunities that charities face.
Personalized Service We take the time to understand your charity’s specific needs, offering tailored solutions that align with your mission and goals.
Regulatory Knowledge Our team stays up-to-date with the latest regulations affecting charities, ensuring your organization remains compliant at all times.
Commitment to Your Cause We are passionate about supporting charities and take pride in helping organizations like yours achieve their objectives.
Serving businesses across multiple sectors
We understand that each business is unique and has specific needs. That’s why we offer tailored services across industry sectors.