Like any other business, charities are also required to produce sets of annual accounts that show clear and accurate use of the funds and comply with the requirement of Charities SORP and the companies Act.
Charities are expected to establish a procedure that monitors the financial movements and maintains an accurate record of each transaction received or paid out for the purpose of furthering the aim of that organisation.
At Account Me In, we have a team of qualified and experienced accountants, who have worked in a charitable organisations in the past, and proactively serve our charity clients.
We will work with you and your staff to provide you with all the support you require from a professional firm of accountants.
From financial years ending on or after 1 April 2009, if your gross income is less than £500,000 or where gross income below £250,000 and the aggregate value of assets is not more than £3.26m you may not require an expensive audit procedure unless the trustees elect to do so.
Charities could be viewed as the Guardians of public money, which has been donated for a particular cause; and the treasurers of charities must ensure that not only the charity’s money handled correctly, but it is seen to be managed appropriately. For this reason Charities are required to have their books independently inspected either by independent examiner or by auditor.
At Account Me in we provide a cost effective Independent examination service. We assist in preparation of annual charity accounts and any reports required for restricted funds and grants; train your staff on accounting software, prepare your payroll and inform you the associated tax and file the annual returns.