Charities

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27 Jan
Rules For Kickstart Jobs Scheme Simplified
Rules for UK’s £2bn Kickstart jobs scheme simplified to clear logjams. Thousands of applications stuck […]
18 Jan
Boris Backed To Deliver Huge UK Economic Surge
Boris backed to deliver huge UK economic surge as PM rips up EU red tape […]
12 Jan
Rishi Sunak Delay Plans For Tax Rises
Rishi Sunak set to delay plans for tax rises in March budget. Chancellor Rishi Sunak […]

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.