Charities and Not-for-Profit

Professional Accountancy Support for Charities and Not-for-Profit Organisations

The mandatory reporting requirements and audit and examination obligations for organisations in the charitable sector differ significantly from those impacting commercial, for-profit businesses. Our specialist team offers in-depth knowledge, ongoing financial management and accounting services to philanthropic enterprises of all sizes, focused on compliance and minimising risk.

The Importance of Expert Accountancy Assistance for the Charitable Sector

James Todd & Co works with a diverse array of clients, ranging from trustees responsible for the management and custodianship of a charitable organisation to not-for-profit enterprises looking for insights from an experienced accounting team that can offer balanced, accurate guidance.

Whether you require general accounting services such as help preparing statutory reports and submissions for the Charity Commission, are keen to explore opportunities to diversify and expand the work you do in your community or region, or would like to ensure you achieve full compliance with legislation related to audit, independent examinations, tax, employment or digital record-keeping, we can assist.

Many charities and not-for-profit organisations rely on our services to adhere to the strict obligations placed upon them, where all charities with an annual income over £25,000 are expected to have their accounts audited or independently examined yearly.

Putting the right assessments and audit procedures in place is essential. This ensures supporters, beneficiaries, partners, and trustees have full assurance that the finances and controls are well managed and that the accounts represent a true picture of the organisations’ financial status.

For other charities, issues around fundraising sources and the need to evolve to keep pace with digitisation are paramount. They may also focus on managing changes to overheads and operating costs that affect net revenues and how funds are utilised to achieve overarching organisational aims.

Seeking input from an accomplished accountancy firm is an excellent way to ensure a charitable or non-profit organisation is fully aware of its obligations, liabilities, and performance while steering clear of long-standing and emerging risks.

Accessing Specialist Support From the Charity Accounting Experts

Our role as your accountant isn’t only to manage reporting obligations and taxation affairs. We work with our clients on a long-term basis to add value and contribute guidance and information wherever necessary. 

The far-reaching expertise within the James Todd & Co team enables us to assist charities of every nature, helping with areas such as VAT management, internal control appraisals, and audit processes.

Alongside core services such as year-end reporting and bookkeeping to keep your financial management in good health, we can implement additional support on demand, whether offering recommendations around compliance, advising on changes to the Statement of Recommended Practice and how this impacts your organisation, or addressing challenges as they arise.

If you are a trustee or board member of a charity operating in a fast-moving sector, collaborating with a trusted team of charity accountants allows you to access our resources, knowledge, and up-to-date guidance at any time.