Since the charity and social enterprise sectors are rapidly changing landscapes bound by more regulatory and compliance requirements than most, it is important to use specialist accountants who understand these requirements. Our charity accountants based in Liverpool provide experienced, qualified & affordable services for charities & Not for Profit Organisations that ensure you stay on “the right side of the line”.
There are various factors to consider in a decision-making process when choosing the right legal structure between CIC and a charity. For instance, it’s allowable for a community interest company to pay a portion of its profits to shareholders or owners through dividends. However, Charities are not allowed to pay dividends to trustees.
We can advise you to choose the right legal structure for your not for profit organisation that suits your needs. This could be a charitable incorporated organisation (CIO), a Community interest company (CIC), a charitable company (limited by guarantee) or a trust, and also can help you in the process of setting up Not for Profit Organization.
We provide affordable support in different areas of finance from Bookkeeping, Payroll, VAT returns, Charity taxation, Claim Gift Aid & ongoing support for Accounts preparation compliant with the Charities Act, Charities SORP, and filling of trustee’s annual reports and accounts for charities to charity commission.
When a charity’s annual revenue exceeds £25,000, the trustees must arrange for an independent accounting firm to perform an independent examination of the charity’s accounts.
Our qualified charity accountants provide an independent examination of charity accounts at an affordable fee.