All charities whether registered with the Charity Commission
or not must prepare accounts and make them available on request. In addition, registered charities must prepare a trustees' annual report and make it
available on request. It is important to ensure that a Charities accounts and annual reports are prepared correctly as if there are any errors, the
Charity may have negative legal implications. In recent years, the Charity Commission has shown concern about basic errors in annual reporting by
charity's.
Who are
we
Charityaccounting.net is our dedicated website for all
needs for complying with Charity and Company law for reporting and accounting for charities.
Charityaccounting are specialist in the Charities sector with
over 10 years' experience. As we are specialised in these types of services, we can ensure that errors which have been commonly repeated in the past
are eliminated, and all submission deadlines are sent on time.
You need to write a trustees annual
report if your charity is registered in England or Wales. Along with your accounts, the report tells people:
About
your charitys work
where
your money comes from
how
you've spent your money in the past year
Independent examination is an
alternative to a full financial audit for smaller charities. Independent examination is suitable for charities whose income is in the range of
£25,000 - £250,000. If your income is below £25,000 then there is no requirement to have you accounts independently
examined.
Gift Aid allows UK charities to claim back the basic rate tax
already paid on donations by the donor. This means we can claim back from the government on your behalf 25p for every £1 donated, boosting the value
of the donation by a quarter.
Charities are generally exempt from paying corporation tax, but they
have to complete and submit corporation tax returns if they have:
Any taxable income or gains not covered by a relief or
exemption
Been served with a notice requiring them to file a
return
If you're interested getting a charity
registered, click on the picture above to visit our website dedicated to this.
