Third Sector
Helping your organisation succeed
When it comes to third sector finance, not all accountants are the same
Why? Because there are complex regulations and reporting requirements that apply only to charities and not-for-profit organisations, and it's not every firm that will be aware of these robust checks and balances. Luckily, we have the expertise to help.
Your organisation has a responsibility to report financial information. For charities, this is a legal requirement. For social enterprises, it will be written into your constitution that profits must be reinvested, and maintaining accounts is usually a condition of any funding or grant.
The accounts maintained for third sector organisations, therefore, extend beyond the traditional remit of many accountancy firms. Demonstrating transparency is vital; as is choosing the right accountant to do this for you.
We are proficient at satisfying the accounting requirements set down by OSCR (SORP) and SOFA, and that are recognised by the Financial Reporting Council (FRC). Our third sector clients are delivering amazing community initiatives such as outdoor afterschool resources; health, fitness and wellbeing services; faith guidance; preloved baby and children’s items; and more.
We will:
- Meet your accounting, tax, and financial management obligations
- Meet your legal and constitutional obligations,
- Help you operate as efficiently as possible by setting up systems and procedures – cloud- and office-based
- Develop financial forecasting for business plans, funding application forms, and so on
Click on the links below to find out more about our services to help your third sector organisation. Alternatively, you can view our full A-Z of services here.
Accounts
End of year accounts are mandatory and are vital in tracking the performance of your business; crucial for any business, but especially a new one. It is essential you get it right, and don't miss the deadlines for submitting your accounts or making payments.
Accounts
End of year accounts are mandatory and are vital in tracking the performance of your business; crucial for any business, but especially a new one. It is essential you get it right, and don't miss the deadlines for submitting your accounts or making payments.
Bookkeeping
Bookkeeping is a necessary evil, and due to the very nature of business – it's also a repetitive task which makes it time-consuming too. Outsourcing your bookkeeping means you can get on with the business of doing business.
Bookkeeping
Bookkeeping is a necessary evil, and due to the very nature of business – it's also a repetitive task which makes it time-consuming too. Outsourcing your bookkeeping means you can get on with the business of doing business.
Cashflow management
One of the most common reasons a business (particularly a new one) fails is not because of an unprofitable concept, or poorly run in terms of the day-to-day, but because of cashflow problems. We can help make sure your money is coming in and out in a sustainable way. We can implement procedures that will better manage the peaks and troughs of business cash flow, organise reserves, and more.
Cashflow management
One of the most common reasons a business (particularly a new one) fails is not because of an unprofitable concept, or poorly run in terms of the day-to-day, but because of cashflow problems. We can help make sure your money is coming in and out in a sustainable way. We can implement procedures that will better manage the peaks and troughs of business cash flow, organise reserves, and more.
Funding application
Funding applications are an essential part of helping charities and non-profits raise money. We can help guide you through the application process ensuring you the best chance of securing funding.
Funding application
Funding applications are an essential part of helping charities and non-profits raise money. We can help guide you through the application process ensuring you the best chance of securing funding.
Independent examination
Trustees of a registered charity must produce an annual report and accounts each year. We are happy to be your appointed independent examiner to provide assurance to the trustees, supporters, beneficiaries, and the wider public, that the charity’s money has been properly accounted for.
Independent examination
Trustees of a registered charity must produce an annual report and accounts each year. We are happy to be your appointed independent examiner to provide assurance to the trustees, supporters, beneficiaries, and the wider public, that the charity’s money has been properly accounted for.
Taxation
Taxation legislation is a minefield. Not only can you be penalised for not following the letter of the law, but you may be paying more tax than is necessary. Guarantee that you're not paying too much tax and trust this compliance work to us.
Taxation
Taxation legislation is a minefield. Not only can you be penalised for not following the letter of the law, but you may be paying more tax than is necessary. Guarantee that you're not paying too much tax and trust this compliance work to us.
.jpg)
Share this service
