Charity Accountants
DH Business Support is here to provide all the support needed for non-profit organisations. With us, we know we can offer support and advice thanks to our knowledgeable team. As experts in this area of accounting, we can provide you with charity finance advice and trustee reporting, accounting, charity VAT, auditing, and tax management.
We can help you achieve your goals with our charity accountants, and with the right support, we know we can help you thrive. Let us work together to overcome the challenges that can come from running a charity while ensuring compliance throughout your charity business.
Charities are different from businesses, so getting charity and not-for-profit organisation specialists is important to make sure you can succeed.
The team that we have at DH Business Support is always staying up-to-date with everything so you can have a truly effective and relevant experience.
What Are Charity Accountants?
Charity accountants are there to maintain accounting records and prepare charity accounts and statements of financial activities. A charity accountant has to look at income and expenditure and explain what each income pot is used for. Within each income pot, it is possible to have smaller pots.
A charity accountant is also responsible for annual reports, developing cash flow forecasts, and reporting. They will always stay up-to-date with England, Wales, and Scottish charity regulatory changes.
Receive Help From Charity Accountants
You can receive help from our specialist accountants with DH Business Support and expert charity support. With this, you will receive support in the areas of:
- Strategy
- Charity policies
- Reviews on structure
- Reporting
- Charity Governance Code
- Maximising tax reliefs to make the most out of your charity
- Maximising efficiency on your VAT and tax position
- Monitoring of performance
- Compliance health checks
- Improving fundraising activities
- Diversifying income
- Trading activities
- Management reviews
- Independent Examination
- Gift Aid
Support for Non-Profit Businesses
The non-profit and charity sectors have been battling economic headwinds in recent years. This has brought new challenges and risks for the sector, with the increased cost of living affecting everyone and therefore charity businesses too.
This is why it is more important than ever to seek help if you require charity accounting help. A small investment now to help grant the support that you need for the future could make a world of difference.
DH Business Support is here to help you spot opportunities when they arise and make the most of your non-profit business. We always stay ahead of the curve and are ready to adapt, even in the most challenging of times. The various accounting services include:
Auditing and Financial Reports
Depending on the structure of your charity, you could need auditing or be required to have an independent examination to ensure your trustees’ annual accounts are compliant, whether that follows The Charities Statement of Recommended Practice (SORP), Charity reporting and accounting: the essentials, and many more.
We have specialists that can help you measure your reality against your forecasted yield. Whatever the risks are for your charity, we will help manage them in line with all requirements.
VAT
Although you have a charity business, this does not exempt you from VAT and tax. Just like a normal business, you must be registered with HMRC and be up-to-date with their tax requirements and charity laws. It is therefore essential that you practise tax efficiency to make the most of the money that you raise for your charity.
To ensure you are tax-efficient at all, DH Business Support can help. VAT management can be confusing for charities so make sure you are seeking the right support.
Structure and Governance
A charity aims to raise money; therefore, it is a charity’s duty to make the most of all donated income that comes its way.
Our Charity SORP team will help oversee the decision-making process for your charity to ensure it is being governed most appropriately. This will help charity trustees stay up-to-date on the cash flow of your charity as well as expenditures and any other important updates.
General Accountancy Task
As your charity accountants, we will keep on top of financial compliance concerns, insurance, balance sheets, payroll and everything else that you need.
Whatever challenges and opportunities arise, we will deal with them on your behalf.
DH Business Support Can Help You
Our charity accountants are here to help you face your accounting duties as a charity. You do not have to face these things alone, nor do you have to seek advice from an accountant who does not specialise in the area of charities.
Many challenges and complications can arise that come with running a non-profit organisation.
DH Business Support is dedicated to helping you and your charity thrive. Together, we can work to overcome any of the challenges that come your way and help to take any pressure from you so you can concentrate on your job at hand and less on tax and other accounting tasks.
We offer a fully bespoke service that you will benefit from by seeking advice and support from experts in charity accounting. Everything that we offer, we can tailor to suit your needs.
We have all the key information to help you improve your business, and we will share our findings with you, always keeping you in the loop and well-informed. DH Business Support has developed our team to help you achieve your goals.
With our team, we will get to know your charity and business, what you are looking to achieve, and what your main goals are. From here, we can assess how we can help you achieve those goals and look at what we can do for you in the short and long term. We are talking about the next 1, 3, and 5 years.
Whatever obstacles are in your way and preventing you from reaching your full potential, we can work around them. This could have to do with money, people, knowledge, or time. Choose DH Business Support as your trusted charity accounting partner.
Want An Accountant That’s Different?