Running a successful charity or not-for-profit organisation is no less demanding than running a commercial business. In fact sometimes it can be more so, as these types of organisations face unique tax issues, and are often reliant on sources of funding which are non-contractual, or dependent on the goodwill of the grant giver or the continuation of a membership subscription. Furthermore organisational structures can be far more complex and challenging, as charities and NFPs are often run by paid management, yet controlled by unpaid Trustees and Governors.
At CBHC, we understand the special requirements of this sector, and are committed to helping our clients’ achieve their goals. Our dedicated Charities and NFP department is led by senior partner, David Belbin, who holds a Diploma in Charity Accounting. This specialist qualification is awarded by the Institute of Chartered Accountants, and recognises excellence in this field.
In addition to providing high level accounting strategy services, including cash flow forecasting, budgeting, future funding requirements, and management reporting, the team provides expert advice and delivery of service in the following areas:
- Account preparation in compliance with the Charities Act 2006 and SORP 2005
- Statutory Audit
- Independent Examinations
- Charity specific tax issues
- Cash Flow Forecasting and budgeting to accurately predict future funding requirements
- Advice on Governance issues
- Reserves policy advice
- Risk management and risk assessment
- Formation of limited trading companies
- Advice in connection with the Charity Commission
- Gift aid claims
Our growing list of clients currently includes academies, educational organisations, grant-making trusts, religious bodies, professional institutions and associations, care related charities, Arts organisations, rights collecting societies and museums.
If you would like to find out more about what our specialist charity and not-for-profit team at CBHC could do for you, we would be delighted to hear from you. Please contact us on 01708 333303 or email us.