We are experts in Charity & Not For Profit
We have vast experience we can immediately tailor to benefit you
Charities & Not For Profits
You provide services that mean so much and it isn't getting easier !
We love to help NFPs (of all types) because of the good you do
As a result we have many years experience, which for an Accountant is vital as accounting for Charities and NFPs requires specialised up-to-date knowledge and experience
We can help you in all the ways we help 'For Profits' - with efficiencies, improving the bottom line, with better reporting or budgeting, to improve cashflow or profit challenges, etc, and we are one of the practices that have recent in-depth experience of NFP reporting and best practice
Accounting for charities and Not-For-Profits requires a blend of financial acumen, specific accounting knowledge, and industry understanding
We have many years experience in the above areas
and we love to help Not For Profits !
Talk to us for any advice or to explore how we can help
Reporting for NFPs
Accounting for charities and NFPs (of all types) requires specialised expertise in:
> Revenue Recognition: determining when to recognize contributions, grants, legacies and donations. Different funding sources have varying accounting treatments
> Fund Accounting: navigating multiple restricted funds, endowments, and program-specific accounts. Properly allocating expenses and ensuring compliance with donor restrictions and the Charity SORP
> Charities SORP (Statement of Recommended Practice): understanding the nuances of income recognition, valuation of assets, and reporting
> Gift Aid: accounting, reporting and record-keeping compliance
> Public Benefit Reporting: balancing financial sustainability with fulfilling the organisation’s mission
> Risk Management: assessing financial risks, including fraud prevention and cybersecurity whilst ensuring vfm
