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Charities
Accountants for Charities
Whether you’re a small charity, or a large not-for-profit organisation, you’ll no doubt want an experienced accountant. One who can help you with the all important charity accounting and all that it involves.
Accountants specifically for Charities
Many people that run charities have no prior experience of accounting. These people want to help as best they can, but often don’t know how to do so sustainably. It can involve lots of unnecessary stress such as worrying about funding, growing the charity further and distributing your funds out fairly and responsibly.
In fact, it’s crucial to ensure you set up a charity correctly with a set goal in mind. Are you looking to create a charitable incorporated organisation? Or a community interest company?
Then there’s the issue of SORP – The Charities Statement of Recommended Practice. And whilst SORP is helpful in guiding charities in accordance with UK accounting standards, it can also be tricky. This is something to wrap your head around, along with accounting standards or charity law changing from time to time.
Experienced accountants for charities will always be up to date with any industry changes. Equally, they will know everything there is to know about charity SORP like the back of their hand.
What does charity accounting involve?
Hiring expert accountants for charities with Go Impartial will mean our accountants will help you in a number of ways.
In effect, an accountant for charities will:
- Stay up to date with all and any upcoming changes with charity SORP and UK accounting
- Provide specialist advice
- Let you know whether or not your company needs a statutory audit
- Conduct audits
- Go through systems and governance reviews
- Ensure core cost recovery
- Regularly take care of management reporting
Most importantly, accountants for charities will be someone you can trust to make the right decisions for your business and steer you in the right direction to help you grow and achieve your goals.
Why you should use Go Impartial to help you find accountants for charities
Our team consists of tax consultants, investment managers, VAT advisors, business strategists and corporate finance experts with years of experience.
Charity funding and charity accounting can be extremely complex with compliance requirements changing often. Mistakes can be pricey, so you’ll want to hire someone that knows the charity finance sector inside out.
We also know how important it is for your company to grow and that when it comes to charity in particular, ethos and values are really important aspects. Our team of accountants for charities are trustworthy and reliable in that aspect, with a keen goal to help your business grow.
If you want to focus on more important areas of your business, like reaching goals and making a profit, your best bet is to use Go Impartial who can find excellent accountants for charities to deal with anything related to charity accounting.
Further information about SORP
The Charities Statement of Recommended Practice (SORP) applies to charities in the UK, unless a more specific SORP applies such as the further and higher education sector.
Charity SORP gives a framework for accounting and reporting, designed to:
- Help charity trustees meet their legal requirements for their accounts
- Encourage consistency in charity accounting standards
- Give recommendations for charity annual reporting
Although charity SORP is a great place to offer guidance, if you’re not already experienced in charity accounting, it can seem complicated and overwhelming.
This is why it’s always worth finding accountants for charities from Go Impartial who understand SORP in further detail and can ensure you’re on the right track and meeting the above framework.
