Accounting for charities – We support you in fulfilling your cause
Spondoo has charity accountants equipped with first-hand tools and techniques for the effective financial management of charity income and assets. We understand real-world challenges placed on charity finance managers and the heavy scrutiny from regulators, trustees, and supporters. With a lot at stake, not-for-profit organisations (charities) must exercise the highest level of financial governance. Spondoo will ensure you remain sustainable, transparent and accountable, as you make a difference in your area of specialisation.
Accounting services for Charities and Not-for-profit organisations
Setting up a new charity
We will:
- Offer first-hand guidance on how to set up your charity.
- Educate you on roles played by trustees and relevant shareholders.
- Provide you with financial implications involved in charity, including your obligations to maintain your tax exemptions on receipts from donors.
Bookkeeping
Charity bookkeeping is a genuinely specialised skill set outside the capabilities of a standard accountant. It requires the preparation of non-profit-related financial statements, tracking on segregated fund balances, as well as the often complex task of tracking receipts from donors. We are aware of what it takes to accomplish these tasks and are very much equipped to take on the role of supporting you to make a difference.
Payroll and Auto– Enrolment
We offer an all-inclusive and flexible auto-enrolment solution with multiple pension providers, in addition to operating real-time information payroll services that are compliant with HMRC guidelines.
Tax Compliance
Spondoo will advise on how to make legitimate tax claims for donations made by companies and individuals. In addition to expenses incurred like wages, travel expenses and utility bills. Not only will we manage tax planning but we will also ensure you adhere to the key UK tax deadlines.
Compliance with Charity Regulation
As charity specialists, you can expect Spondoo Accountants to guide you through the regulatory framework of the sector. This service includes:
- Providing robust scrutiny of Statement of Recommended Practice (SORP) issues specific to the charity sector, in line with the charities’ fiduciary reporting obligations to the stakeholders.
- Giving you up-to-date counsel on procedures and regulations surrounding gift aid.
- Advising and reporting on effective charity trading subsidiary and charity reserve policies, to enable you to maintain a level of funding that allows your charity to fulfill its objectives.
Download our free handy brochure below for more information on our services or visit our about us page.
Independent Examination
We are fully certified to:
- Review accounting records kept by your charity.
- Make a comparison of accounts with the accounting records.
- Spot any unusual items or disclosures in the charity accounts.
Finding charity specialist accountants – Why Choose Us?
- Spondoo meets the Institute of Financial Accountants (IFA) requirements and follows stipulated guidelines
- We work with trusted auditors who give a truly independent third-party review of your records, as well as our own work.
- We will manage and track funds, grants, locations, and outcomes, whilst providing quick and easy real-time financial reporting and visibility to key stakeholders.
- Advise and scrutinise your internal controls, surrounding segregation of duties and adherence to Governing Document and fraud protection.
- We will help you reduce accounting costs whilst improving security and accessibility to financial information.
- We have a fixed service fees rate so you can keep on top of your overheads.
- If you run a charity overseas (especially in Africa), we have a subsidiary office on the ground that can assist with local compliance obligations, escrow banking, and purchase ledger management.
The coronavirus pandemic has increased the vulnerability of charities. Fundraising activities, donations, and investment income have been largely affected by the pandemic. We promise to offer helpful financial advice and support for your charity’s sustainability and success. Call us on 0203 3259 341 or email us for further assistance info@spondoo.co.uk
