Charities and Not-For-Profit

Acting as a Trustee

We can add insight and perspective to the Board of Trustees by acting as a Finance Trustee or Treasurer to your charity. We typically work with the internal or external finance teams or individuals to ensure accurate recording and timely accounting records are maintained to a level that is appropriate to the size and complexities of the charity, ensuring robust control and procedures are implemented and adhered to.

We collate financial information for presentation to the Board in a meaningful manner that is constructive to the Board, enabling them to make strategic decisions to drive the charity forward.

Reporting

Charity reporting can be a complex matter given the requirement to comply with The Charities SORP (Statement of Recommended Practice) as well as further accounting standards of the charity if incorporated. There is also the consideration of whether to adopt the accruals concept or prepare accounts on a cash basis, an option which is open to an estimated 90% of charities.

The level of scrutiny such accounts are required to undergo depends on a number of factors, the primary once being the requirements laid down in the Charities governing documents and the size of the charity as dictated by its annual turnover and net assets. We can assist with preparation and/or review of the charities compliant annual accounts, as well as undertake an independent examiner’s report if required. We also work with external auditors should your charity require or choose to have a full audit examination of the accounts.

We can also assist with the necessarily filings with the Charities Commission, including the accounts, trustees report and annual return as required.

Providing a Finance Role

It can sometime prove difficult to find the right person to fit into a finance role within a charity, given the unique financial and reporting requirements of a charity. We can support you by providing back-office finance functions such as bookkeeping, management reporting and Board liaison, all undertaken to a high standard that you means you can rely on the information being presented.