Accounting for Local Charities

The charity sector faces a wide range of pressures from raising funds and managing finances, through to meeting stakeholder demands and keeping up-to-date with the ever-changing regulatory and legal frameworks.

Our team of charity Accountants in Peterborough provide a range of services to small local charities. Our services include:

  • Independent examination of annual accounts
  • tax planning and compliance
  • charity VAT planning
  • accounting and book-keeping 
  • payroll and employee benefits accounting or bookkeeping
  • administration and outsourcing of back office functions
  • financial management and systems

Our tax advisers in Peterborough advise charities on how to maximise the benefit of the exemptions from direct tax. 

Charities are exempt from income tax or corporation tax on their income, profits and gains so long as they satisfy the conditions for exemption and the income and gains are applied solely for charitable purposes. 

Our tax specialists in Peterborough advise charities to ensure they satisfy these conditions and we advise on other tax matters, including:

  • The use of trading subsidiaries
  • Corporate sponsorship 
  • Property development and refurbishments
  • Enquiries  by HM Revenue & Customs (HMRC)
  • Activities carried on outside the UK, whether trading, investments, fundraising or funding projects 
  • Tax issues relating to employee remuneration and benefits
  • Tax efficient giving, including gifts from outside the UK 

Our Gift Aid services

We provide comprehensive advice and guidance to charities so that they can maximise their ability to claim Gift Aid on donations, including:

  • Donor benefits 
  • Gift Aid and fundraising 
  • Gift Aid on membership schemes 
  • Gift Aid Small Donations Scheme 
  • Sponsorship      

We undertake Gift Aid health-checks to ensure that appropriate procedures are in place and that record keeping is compliant. We can also assist charities should HMRC undertake a review of their Gift Aid claims.

For more information on how we can help your business, please contact us on 01733808075 to discuss your requirements.