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

Small Charities Week Update

Book a place at one of our upcoming Small Charities Week updates...

Updated Charity Commission Guidance

Updated Charity Commission Guidance

The Charity Commission continues to issue new and updated guidance covering a broad range of topics.

Can we pay our Charity Trustees?

Can we pay our Charity Trustees?

Trustees are essential to the successful running of a Charity, volunteering both their time and expertise. Therefore, it may be considered only fair that Trustees should be reimbursed for any out-of-pocket expenses incurred whilst carrying out their duties.

Independent Examination: What has changed?

Independent Examination: What has changed?

Charity law requires all charities with gross annual income of more than £25,000 to have some form of external scrutiny of their financial statements each year, an Independent Examination or an Audit.

Charity Fraud

Charity Fraud

Trustees and employees need to ensure that they are being vigilant and internal control systems are being implemented correctly.

GDPR guidance for charities

What do charities have to do for GDPR?

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Latest Not-for-Profit News

  • 05/06/18

    Book a place at one of our upcoming Small Charities Week updates...

  • Updated Charity Commission Guidance
    07/05/18

    The Charity Commission continues to issue new and updated guidance covering a broad range of topics.

  • Can we pay our Charity Trustees?
    03/05/18

    Trustees are essential to the successful running of a Charity, volunteering both their time and expertise. Therefore, it may be considered only fair that Trustees should be reimbursed for any out-of-pocket expenses incurred whilst carrying out their duties.

  • Independent Examination: What has changed?
    01/05/18

    Charity law requires all charities with gross annual income of more than £25,000 to have some form of external scrutiny of their financial statements each year, an Independent Examination or an Audit.

  • Charity Fraud
    27/04/18

    Trustees and employees need to ensure that they are being vigilant and internal control systems are being implemented correctly.

  • 01/02/18

    What do charities have to do for GDPR?

  • 01/02/18

    Converting a Charitable Company to a Charitable Incorporated Organisations is now possible!

     

  • Merry Christmas
    15/12/17

    Wishing you a Merry Christmas and a prosperous New Year from all at Whittingham Riddell

  • 06/09/17

    On 4th September 2017, the Charity Commission published their updated guidance on Independent Examinations.

  • 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.