Expert Accountants for Charities and Non-Profit Organizations

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Charity

Managing non-profit organizations and charities involves navigating through intricate administrative tasks, such as tax compliance and reporting obligations. These responsibilities often consume valuable time that could otherwise be directed towards organizational growth.

Leewop has a long-standing commitment to supporting charities and non-profit organizations, offering our expertise and knowledge to help overcome challenges and ensure the seamless delivery of essential services. Whether you're a charity, Charitable Incorporated Organisation (CIO), Community Interest Company (CIC), or an association, we're here to assist you.

Accountancy

What can we
do for you?

Leewop is committed to assisting your charity or non-profit organization thrive by providing support in the following areas:

  • Accounting and tax services: Preparation of annual charity accounts in accordance with the Charities Statement of Recommended Practice (SORP), as required.
  • Independent examination services
  • Audit services for year-end accounts
  • Bookkeeping and management accounting services
  • Development of financial planning and management strategies
  • VAT planning and related services
  • Payroll processing
  • Business planning assistance
  • Management of cash flow and budget planning
  • Ensuring compliance with Charity Commission regulations
  • Consultation on optimal business structures

To find out more about how our team can help you and provide your organisation with peace of mind, call us today on +92 302 4012116 or email contact@leewopconsultancy.com.


Independent Examination Services

While audits can offer benefits to charities and non-profit organizations, smaller entities might find an independent examination more practical and cost-efficient. Trustees should note that the Charities Commission mandates an independent examination for charities with annual incomes exceeding £25,000.

Audits are typically more intricate and may be legally required for organizations meeting specific criteria outlined by the Charities Statement of Recommended Practice (SORP):

  • An annual income surpassing £1 million
  • Gross assets exceeding £3.26 million and an annual income surpassing £250,000

Our independent examination services can also include:

  • Preparation of SORP-compliant financial statements to be filed at the Charity Commission and Companies House, if applicable
  • Providing support in preparing and filing of the annual return at the Charity Commission
  • Advising trustees of any regulatory changes

According to a report from the Charity Commission, only 70% of the reviewed accounts met their requirements. This indicates that 30% of organizations submitting their financial data are at risk of fines and financial instability in the future.

Independent examination services ensure the accuracy of charity accounts and compliance with legal standards set by the Charity Commission, providing stakeholders with reassurance.

To learn more about our independent examination services, reach out to our team.


Financial Record-keeping and Accounting Solutions

Unlike many enterprises, non-profit organizations rely on diverse revenue streams, including donations and grants. Ensuring accurate financial figures can be challenging as income may be dispersed or merged with other funds. Cloud accounting software proves invaluable for charities, enabling them to effortlessly record and categorize income sources. This facilitates effective monitoring of income streams.

Further segmentation of data is possible, such as by site or department. For instance, if your charity operates multiple shops in different areas, cloud accounting applications allow direct retrieval of daily sales reports from each shop till. Real-time, precise information empowers you to make strategic decisions swiftly and provide prompt details to grant makers, fostering the rapid growth of your organization.

Explore Our Accounting Services Tailored for Non-Profits:

  • Preparation of Management Accounts
  • VAT Returns preparation and submission compliant with Making Tax Digital (MTD) regulations
  • Implementation and Training for Cloud Accounting
  • Thorough Analysis of Accounts
  • Customized Advice to Facilitate Organizational Growth

Get in touch to discover more about our accounting and financial services.


Financial Planning and Oversight for Charities

  • Providing informative monthly management accounts, empowering trustees to make well-informed financial decisions.
  • Implementing key performance indicators to monitor organizational effectiveness.
  • Vigilantly tracking income and expenses to ensure strict compliance.
  • Leveraging industry expertise and financial insights to develop budgets.
  • Delivering technology-driven cashflow forecasting coupled with strategic planning.
  • Presenting clear and understandable financial performance summaries in trustee meetings without technical jargon.

Why work with Leewop?

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Expertise in Non-Profit Accounting: Tailored Solutions for Charities

As dedicated specialists in charity accounting, we understand the unique challenges associated with managing a not-for-profit organization. Our commitment includes keeping you informed about opportunities and advancements amidst the ever-evolving landscape of accounting, taxation, and financial management regulations specific to charitable entities.

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Professionally Accredited

As certified accountants and tax consultants, we operate under the close scrutiny of esteemed professional bodies, namely ICAEW (Institute of Chartered Accountants in England and Wales) and CIOT (Chartered Institute of Taxation). This not only upholds a commitment to excellence and stringent standards but also ensures confidence that you are receiving optimal service and advice.

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Global Connections

Membership in the Accelerate community is a source of pride for us, guaranteeing that our team stays current with the latest technical support, training, and industry-specific insights. Regardless of your charity's global reach, we have a network of contacts worldwide ready to contribute to the growth and expansion of your charitable endeavors.

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Assigned a Partner

In addition to having a dedicated point of contact whenever you require assistance, you will be paired with a partner committed to ensuring elevated client satisfaction.

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Genuine business advice, that looks beyond your numbers

Our primary focus is on cultivating enduring relationships that align with the long-term goals our clients aspire to achieve. We are dedicated to providing the utmost advice, extending beyond our accountancy services for charities and the not-for-profit sector. Our commitment extends to assisting you in identifying the strengths and weaknesses within your organization.

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Professional, Accurate and Friendly

Jargon-free professional advice, which enables trustees to make educated financial decisions.

Choosing Leewop ensures not only legal and regulatory compliance for your business but also a commitment from our team to identify operational areas for enhancement. This includes optimizing structures and leveraging technology to reduce costs and enhance overall efficiencies.

Whatever type of charity or not-for-profit organisation you are running, our team of charity accountants in UK can help ensure it is set up for success. Contact us today for further advice or to discuss the next steps by calling us on +92 302 4012116 or emailing contact@leewopconsultancy.com.

What’s next?

Arrange a consultation with Leewop charity Partner James Haywood to find out how we can help you. Call us today on +92 302 4012116 or email contact@leewopconsultancy.com.

Talk to Our Team

Switching to Leewop is a quick and straightforward process, even if you already have an accountant.

As a leading accountancy practice in the UK, Leewop extends its services to clients nationwide. Regardless of your location, we can provide assistance. Upon joining, you will be assigned a dedicated accountant to support the growth and efficiency improvements of your business. Contact us to discover how we can assist you today.

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