Services
  • Home
  • Services / Charity Accounts & Independent Examiner
SERVICES FOR
Charity Accounts & Independent Examiner

Charity Accountants for Charities and Not-for-Profit Organisations / Independent Examiner
If you are looking for experienced charity accountants, we provide specialist accounting, audit and financial services for charities and not-for-profit organisations. Our team has extensive experience supporting charities of all sizes with Charity Commission compliance, charity accounts, independent examinations, audits and financial reporting.
We take a practical and straightforward approach to charity accounting, helping trustees, finance teams and management teams meet their legal, financial and regulatory responsibilities. Whether you are a newly established charity or a long-standing organisation, we provide tailored charity accounting services designed around your organisation's individual needs.
Our clients include registered charities, social enterprises, clubs, membership organisations, private schools, academies, service providers, charitable foundations, grant-making organisations, theatres and cultural institutions. We work with both emerging organisations and established institutions with many years of history.
Our specialist knowledge of UK charity accounting, Charity Commission requirements and the Charities SORP means we can provide practical advice on the financial and compliance issues charities face. Members of our team also have first-hand experience as trustees of non-profit and philanthropic organisations, giving us a valuable understanding of the responsibilities and challenges faced by charity trustees.
Charity Accounting Services
We offer a comprehensive range of accounting services for charities and not-for-profit organisations, including:
Charity Accounts & Financial Reporting
• Preparation of annual charity accounts in accordance with the Charities SORP, Charities Acts and Companies Acts.
• Preparation of financial statements and statutory accounts for charities.
• Management accounts and financial reporting to help trustees and management make informed decisions.
• Practical advice on charity accounting and financial management.
Charity Audit & Independent Examination

• Independent examination of charity accounts (IE) for charities that meet the relevant requirements.
• Charity audits and statutory audits, providing an independent review of financial records and reporting.
• Advice on charity audit and independent examination requirements.
• Support with maintaining accurate and compliant charity financial records.
Charity Commission Compliance

• Advice on Charity Commission accounting and reporting requirements.
• Support for trustees and finance teams with their legal and financial responsibilities.
• Reviews of financial processes, controls and governance arrangements.
• Charity governance reviews and recommendations for improving financial and governance processes.
Grant Accounting & Grant Reporting

• Grant return certification and specialist grant audits.
• Grant reporting and financial reporting to funders.
• Assistance with grant compliance and verifying the appropriate use of grant funding.
• Support for charities managing multiple funding streams and grant requirements.
Charity Tax & VAT Advice

• Specialist VAT advice for charities, including guidance on complex VAT matters.
• Advice on charity taxation and trading activities.
• Guidance on trading subsidiaries for charities and the associated accounting and tax considerations.
• Gift Aid advice to help charities maximise eligible tax relief and improve fundraising income.
• PAYE and National Insurance compliance health checks.
• VAT compliance health checks.
Charity Payroll & Accounting Software

• Charity payroll services and payroll support.
• Advice on selecting and implementing appropriate accounting software for charities.
• Accounting systems reviews and implementation support.
• Advice on improving financial processes and reporting.
Setting Up a Charity

• Advice on setting up a charity and choosing the most appropriate legal and organisational structure.
• Financial and accounting advice for new charities and not-for-profit organisations.
• Guidance for trustees on establishing effective financial controls and reporting processes.
Specialist Charity Accountants You Can Rely On

Choosing the right charity accountant can make a significant difference to your organisation's financial management, compliance and governance. Our experienced team combines technical knowledge with practical experience to provide reliable charity accounting and financial advice that is easy to understand and tailored to your organisation.

From annual charity accounts and independent examinations to charity audits, Charity Commission compliance, VAT, Gift Aid, payroll, grant reporting and governance reviews, we provide a complete range of specialist services for charities and not-for-profit organisations.

Whether you are a small charity looking for an independent examiner, an established organisation requiring a charity audit, or a growing not-for-profit seeking ongoing accounting support, our specialist charity accountants can help you manage your finances effectively and meet your regulatory obligations.

Member of "Association of Charity Independent Examiners"
Member of "The Charity Practitioners Forum (CPF)"

Self Employed

Maintaining separate records for business and personal finances is an essential practice for self-employed individuals. It ensures accurate financial management and compliance with relevant rules and regulations.

Limited Company

In the United Kingdom, there exists a variety of limited corporations, such as public limited companies, private unlimited companies, companies limited by shares, companies limited by guarantee, and Community Interest Companies (CIC).

Partnership

A partnership is a business structure involving two or more individuals, operating in a manner similar to a sole proprietorship. However, it is crucial for partners to establish a formal agreement, which outlines the distribution of profits.

Charity Accounts

As experienced charity accountants, we take pride in serving as independent examiners for charitable organizations. With a practical approach and a comprehensive understanding of the compliance requirements set forth by the Charity Commission.


SPV's

An acronym that carries significant weight in the business world is "SPV," which stands for "Special-purpose Vehicle." This term refers to a specialized company established with a specific objective in mind, such as acquiring real estate, launching a particular business venture, or forming an investment entity.

Outsourcing

In response to the mounting pressures of cost-cutting, regulatory compliance, and the need for skilled professionals, organizations are embracing new finance and accounting operating models. At SMS Ventures, we seamlessly integrate with your company.


take a look at our
Request a Call Back