Not-for-Profit

not for profit accounting

We have specialist staff and a dedicated team who work in the charities, education and not-for-profit sector. Our extensive portfolio has enabled us to develop an in-depth knowledge of the accounting and broader issues consistent with the specialist sector.

Our client base covers a wide range of organisations including the following:

  • Clubs and Societies, including Community Amateur Sports Clubs;
  • Community Interest Companies; and
  • Companies Limited by Guarantee.

Our Service Provision

Audit and Accounting

Your specific requirements, be it an Audit, an Independent Examination or an Accountants’ Report will depend upon the size of your organisation, but whatever your needs, we can provide you with the level of service to ensure that you comply with your obligations.

Payroll

We offer an outsourced payroll service, dealing with all aspects relating to the payment of staff and submission of reports to HMRC.  This means that your staff will not need to concern themselves with the increasingly complex requirements of the PAYE system.

Management Accounting and Reporting

We are able to assist through the provision of bookkeeping services, monthly management accounts production and the preparation of budgets and forecasts.

Risk Management and Governance

The concept of risk management, now a key aspect of good governance, is integral to charities and not-for-profit organisations. Our services include assisting clients with the identification, documentation and on-going review of risk.  This we achieve through briefings and facilitation at workshops; using a risk matrix to document and monitor risks and mitigating controls.

Financial Controls and Authorisation

We can review and/or design accounting systems and controls procedures, making recommendations for improvement and providing guidance on documentation and format.

Taxation and VAT

We have specialist Taxation Consultants who are an integral part of our Charities & Education Team. We provide taxation reviews, specifically to consider trading status and VAT issues, as well as Gift Aid advice.

To find out more about our service forNot-for-Profit organisations, please contact one of our team listed on this page or alternatively email: charities@whittinghamriddell.co.uk

See related Sector: Charities

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Latest Not-for-Profit News

  • A new Governance Code for the Charity sector
    18/07/17

    The new Charity Governance Code was published on 13 July 2017.

    The Code is a practical tool which aims to assist charities and their Trustees to develop high standards of governance. It is not a legal or regulatory requirement but sets the principles and recommended practice for good governance. It is intended to be used by charities in England and Wales but will also to apply to other not for profit organisations.

  • Fraud warning signs for Charities
    11/05/17

    Fraud continues to be a significant risk for all organisations, with incidences of cyber-related fraud increasing. Whilst many frauds are hard to detect the repercussions can be huge, resulting in not only financial loss but also potential reputational damage.

    Trustees have a duty to safeguard the assets of their charity, so need to be aware of possible warning signs and know what to do should they spot them.

  • Trustee guidance: finances
    23/04/17

    The Commission are urging all Trustees to read the updated document which is presented in three key sections...

  • 08/02/17

    Individuals are donating using quick, easy to use online services such as Justgiving, Virgin money giving and BT Mydonate...

  • Cloud accounting sage quickbooks
    03/02/17

    Also known as online accounting, cloud accounting offers the same functions as locally based accounting packages but additionally allowing the same ledgers and reports to be accessed in different locations at the same time. 

  • The revised Essential Trustee guidance (CC3) front cover
    01/02/17

    The revised Essential Trustee guidance (CC3) was released last year and a campaign was initiated by the Charity Commission with the aim of getting every Trustee to read it.

  • 16/01/17

    An investigation by the Information Commissioner's Office (ICO) has revealed that two national charities, the RSPCA and the British Heart Foundation, secretly

  • 25/11/16

    The Charity Commission for England and Wales, together with members of the Charity Sector Counter Fraud Group, have launched a new website to help charities tackle fraud. 

  • 07/07/16

     In April 2016, the Gift Aid declaration underwent a change. HMRC has simplified and shortened the model Gift Aid declaration and these changes are important...

  • 30/03/16

    In response to criticisms from the charitable sector over the length and wording contained within the HMRC model Gift Aid Declaration, HMRC issued an updated model in October 2015. The new model can be accessed here...