Charities

News feed

25 May
Why The Treasury’s Panic Over Debt, When Borrowing Costs Next To Nothing?
Even avid free-marketeers see that only state money can get growth going, but the chancellor […]
18 May
Debt Will Soar, The Government Must Just Stay Cool And Focus On Growth
UK debt soars; Some in the Treasury are panicking about a debt pile set to […]
11 May
Britain’s Job Retention Scheme Set To Be Extended To September
Job Retention Scheme extension till September for furloughed workers. Chancellor Rishi Saunak is ready to […]

Charities

The working and administration of non-profit organizations are very different from profit-making business. It requires tailored services under the Charities Act, Charities SORP and other legislation.

Unlike profit-generating businesses Not-for-profit work for the needs of the society. As they do not have the owners but the trustees who look their mission and financial aid from the contributors, membership dues, program revenues, fundraising events, public and private grants, and investment income.

As there are no owners there cannot be the distribution of profits. It cannot legally earn profits.  However, having revenues that exceed expenses is almost a necessity for a non-profit if it hopes to withstand.

  • We help in making understand that it is the not-for-profits that qualify for deductions, not the donor contributions.
  • We can guide to management and administration regarding tax structure and overheads structures.
  • It requires tailored services under the Charities Act, Charities SORP and other legislation.
  • We can help you reach our Networking towards the fundraiser for your event or program and proposals.
  • We help in making a financial statement which are different than profit business.
  • We can also update you with the regulations that affect the financial position and contributions under restricted and non-restricted deductions.
  • Help in maintaining the ledger and cash accounts receivable, accounts payable and payroll.