Who we help
Charities & Education Newsletter Autumn 2023
23 Nov 2023
Charities using technology to boost donations. Charity bequests worth £800 million stuck in probate. New guidance for charities on social media use
Academies VAT Guide 2023
29 Jun 2023
A guide for academies on VAT and how to treat common transactions
Charities VAT Guide Ellacotts 2023
29 Jun 2023
A guide for charities on VAT
Charities & Education Newsletter Ellacotts 2023
29 Jun 2023
In this edition: Charity Commission guidance for charities in financial difficulties Spring Budget funding announcement for charities Consultation on social media guidance for charities
Charities & Education Autumn 2022 Newsletter
16 Nov 2022
In this edition, we look at: New guidance on changes to charity law Consultation on changes to the annual return Government consults on using dormant assets for good causes Maintained schools reluctant to join MATs despite Government plans Case for lifting fundraising cap on charity lotteries
Charities & Education Spring 2022 Newsletter
26 Apr 2022
Fewer charity closures since the start of the pandemic, Charities missing out on Gift Aid donations, Significant fall in donations from top earners, ESFA remit to be reduced following an independent review
Charities Newsletter Autumn 2021
14 Dec 2021
HMRC warning over charity fraud threat. Charity pension costs may rise. Increased use of tech sees the need for digital skills soar
Charities Newsletter Spring 2021
04 May 2021
Charities Newsletter Autumn 2020
03 Nov 2020
Charities Newsletter Spring 2020
03 Nov 2020
Charities Newsletter Autumn 2019
25 Oct 2019
Chancellor Rishi Sunak announced yesterday a £750 million package of support for UK Charities to help them continue to run during the Coronavirus outbreak.
If you are a higher rate tax payer you should Gift Aid any donations you make to charity. You will be providing an additional benefit to the charity and you will also be able to claim tax relief on the payment
Volunteers may soon have the same protection against harassment, discrimination and victimisation that employees have under part five of the Equality Act 2010.
Charity accountants and auditors
Our specialist charity accountants can help you meet all your charity accounting compliance needs and advise on many other aspects of running your charity.
Charities and not for profit organisations have to comply with the same accounting requirements as most other businesses in terms of filing accounts, requiring audits and paying VAT.
Preparing charity accounts
If you work for a charity, either as a volunteer or as an employee, you probably don’t want to be unnecessarily burdened by the compliance of running a charity.
Our charity accounting team can prepare your accounts in accordance with the accounting framework for charities, known as charities SORP. We will ensure your deadlines are managed leaving you to concentrate on the day to day running of your organisation, and will keep you updated on any new legislation which may affect your charity. This allows you to concentrate on what matters and use your specialist skills to the benefit of your organisation.
Audit and independent examination of charity accounts
All charities with incoming or outgoing resources of more than £25,000 a year need a certain level of external scrutiny of their accounts. Whether you need an independent examination of your charity accounts or a full statutory audit, our specialist charity auditors can assist you.
We use a risk based and tailored audit approach, focusing on the key issues in your charity, which enables us to identify ways in which your financial reporting systems and controls can be improved. By working closely with you to gain an in depth understanding of your organisation, we will provide you with proactive advice and assistance as your charity develops and grows.
Whilst charities are usually exempt from direct taxes such as Corporation Tax, they do still suffer VAT on their expenditure, which is often irrecoverable. We can:
- Consider whether voluntary registration for VAT would be of benefit
- Ensure that you are taking advantage of all VAT reliefs available to you
- Provide specific VAT advice on fundraising
Talk to us about your charity’s requirements
Outsourced charity bookkeeping
Outsourcing your financial and accounting management to our charity bookkeeping team will reduce your operating costs and allows you to take advantage of economies of scale – giving you access to high levels of external expertise, and ensuring best practice and adherence to the latest rules and regulations.With your accountancy and administrative functions taken care of, you have more time to concentrate on strategic issues and the activities of the charity.
Online charity accounting
We offer low cost online accounting software for charities, which reduces your costs and enables you to work more efficiently. As it’s in the cloud, there is no software to install or data file backups to worry about. Online accounting gives you access to your charity’s finances 24/7, enabling you to run reports as often as you wish and giving you instant access to the financial health of your charity. You can also track bills or expenses and check bank statements online.
Gift Aid claims
Our charity accountants can assist in:
- Preparing and submitting Gift Aid claims
- Reviewing your policies and procedures
- Checking information provided to donors
- Testing records to ensure that they are compliant
- Recommending improvements to your process as necessary
Strategic advice for your charity
Charities can be created in a number of ways but are usually either:
- Incorporated under the Companies Act 2006 or earlier (Limited Company Charities)
- Incorporated under the Charities Act 2011 (Charitable Incorporated Organisations – CIOs)
- Created by a declaration of trust (Unincorporated Charities)
Advising on the best way to structure your charitable activities and issues such as reserves policies are just two of the many elements of the strategic support we can provide.
Recruitment for your finance team
If you are struggling to find the right candidates or simply do not have the time, we can help identify and select candidates for your charity’s finance team.
Talk to us about your charity’s requirements.
Speak to one of our expert charity accountants
Dogs for Good have been working with Ellacotts for several years. The team are always professional, with a willingness to help as well as great to work with.
Donna Cook, Director of Finance,