The rules around charity reporting are complex, with different requirements for different sizes and types of charities, i.e. whether the charity is unincorporated, incorporated (a charity company) or a charitable incorporated organisation (CIO).
The precise accounting and reporting requirements for each charity will depend on its individual circumstances, which is why expert advice from charity specialists, like the team at Haslers is essential to identify right approach. Key aspects to consider for your charity are:
- the contents of your governing document
- your charity’s income levels
- your charity’s gross assets.
We review all our clients’ legal requirements on a regular basis to ensure that they are financially compliant.
Whether you need an independent examination or an audit, Haslers offers much more than a simple “tick box” examination of your charity’s records, to confirm your organisation’s financial integrity.
We also use your audit to identify risks and problems that could arise in the future and advise you on ways to strengthen systems and controls to address these, as well as highlighting opportunities to maximise tax efficiency and make the best use of available budgets.
We will also use our experience in the charities and not-for-profit sector to ensure that your accounts and reports meet regulatory requirements and present them in a way that goes beyond the numbers, to make the most of a valuable opportunity to highlight your achievements and effective organisational management.
With the Charity Commission highlighting the importance of charities filing on time – and even encouraging donors not to support those that send in accounts late – Haslers’ charities team can provide timely support to ensure the commission’s deadlines are met.
To find out more about Haslers’ East London and Essex-based accountancy, tax and business advisory services for charities, please contact us.