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Charities / NFP Sector

Charities / NFP Sector


Charity Accounts in Preston, Blackburn and Southport

With staff who have been preparing charity accounts since before the introduction of the Charity Commission’s first Statement of Recommended Practice in 1995, we are well versed in accounting for charities, charitable companies and other not-for-profit businesses and clubs.

We are fully up to date with SORP 2005 and regularly attend Charity courses and Conferences Nationally to stay ahead on all new developments.

Besides Charities, the types of organisations we deal with are:

  • New Form Charitable Incorporated Organisations – CIO
  • Community Interest Companies – CIC
  • Community Amateur Sports Clubs – CASC
  • Clubs and Mutual Societies
  • Academies and schools wishing to convert
  • Companies Limited by Guarantee
  • Other Social Enterprises

There are lots of considerations when setting up a new business of this sort – we will explain to you the implications of each structure and how it affects your control; ability to extract profit or take wages; ability to hand over ownership; as well as the desirability for potential donors and grant providers.

The Budget – Key Points for Charities

Charity audit / Independent examiners

We work with a large number of charity clients, many of which require full statutory audits or independent examinations.

Out audit approach is risk based incorporating a full review of internal systems, allowing us to add real value to the organisation from our findings. Given our vast experience in this area we apply the an audit approach most appropriate to charities which is, of course, compliant with International Auditing Standards.

Charity taxation

The complex nature of charity taxation is one that must not be overlooked. Our staff are well trained regarding charity taxation and the potential pitfalls that may arise with trading activities, contacts, sponsorship, and the like. We also ensure that staff are up to date with developments with gift aid and other income maximisation possibilities.

Over the years we have structured a number of new charities as well as dealing with the implementation of charity subsidiaries and reorganisations resulting in significant tax savings.

Charity VAT in Preston, Blackburn and Southport

Even more complex than taxation is Charity VAT! We pride ourselves on our experience in this field – identifying VAT savings and refunds, as well as ensuring basic compliance. Charity VAT is a specialism of TLL Accountants and we would be delighted to discuss your charity VAT requirements with you.

Our Charity Accounts and Charity VAT specialists operate from our three offices, as well as a large number of clients in Liverpool, the Fylde Coast and around Lancashire and Merseyside.

Charity law and commercial aspects

Our charity logo “we’ll help you get things straight …” means just that! Whilst ensuring our clients are compliant in the above areas, we advise on all aspects of running a charity.

We offer free presentations at Trustee Board meetings on such areas as:

  • Trustee Responsibilities;
  • Risk review and Reserves policies;
  • Charity taxation and VAT savings;
  • Tax efficient giving and Gift Aid

We also set up charities / social enterprises from scratch, and will help you deal with all aspects involved in getting a charity registered with the Charity Commission.

Charity Health Check

We know what you need! Download our Charity Health Check Leaflet here.

Download our Fund Raiser Costing Sheet here.

Contact David Lucas or Peter Buck for further information

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