Charity Accounting & Financial Services
At BB Accountancy, we specialize in providing comprehensive accounting and financial management services tailored to the unique needs of charities, non-profits, and social enterprises. We understand the complexities of managing charitable finances, ensuring compliance, and optimizing resources so you can focus on making a meaningful impact.
Our Charity Services
Charity Registration & Regulatory Compliance
- Assisting with Charity Commission registration and legal structuring.
- Advising on the best charity structure (CIO, trust, foundation, etc.) for tax efficiency and governance.
- Ensuring compliance with Charities Act 2011 and relevant Companies House regulations.
- Providing ongoing support for annual returns, governing documents, and trustee responsibilities.
Accounts Preparation & Financial Reporting
- Preparing charity financial statements in line with SORP (Statement of Recommended Practice) guidelines.
- Producing annual accounts and management reports for trustees and stakeholders.
- Assisting with budget forecasting and financial planning to ensure long-term sustainability.
- Providing monthly or quarterly management accounts for informed decision-making.
Gift Aid & Tax Relief Optimization
- Registering charities for Gift Aid and handling HMRC claims to maximize income.
- Advising on VAT exemptions, reliefs, and compliance for charities.
- Supporting tax-efficient fundraising strategies and donor contributions.
- Ensuring proper financial tracking of restricted and unrestricted funds for transparency.
Bookkeeping & Payroll Management
- Managing day-to-day bookkeeping to keep financial records accurate and up to date.
- Handling payroll processing for staff, volunteers, and contractors, including pension contributions.
- Ensuring compliance with PAYE, NIC, and Real-Time Information (RTI) submissions.
- Tracking and categorizing income, expenses, and grant funding for clear reporting.
Grant & Fund Management
- Offering guidance on grant applications, donor funds, and financial stewardship.
- Ensuring accurate tracking and allocation of restricted and unrestricted donations.
- Preparing financial reports for funding bodies and grant providers.
- Supporting financial planning to ensure sustainability and proper fund utilization.
Independent Examination & Audit Services
- Conducting independent examinations in compliance with Charity Commission requirements.
- Preparing and filing audit-ready financial statements for charities that require statutory audits.
- Offering internal financial reviews to improve governance and accountability.
- Ensuring adherence to SORP, FRS 102, and other relevant financial reporting standards.
Why Choose BB Accountancy?
✔ Specialist Charity Accountants – Extensive experience in non-profit financial management.
✔ Regulatory Expertise – Ensuring full compliance with HMRC, Charity Commission, and accounting regulations.
✔ Tailored Financial Solutions – Customized support for small, medium, and large charities.
✔ Transparent & Ethical Approach – Supporting charities with integrity and financial clarity.
✔ Dedicated Support – Personalized advice to help you navigate financial challenges and opportunities.
Why Choose Our Corporation Tax Service?
We take care of everything related to your Corporation Tax, from registration to payment reminders, so you never have to worry about missing deadlines or overpaying taxes.
Registering Your Business for Corporation Tax:
We handle the necessary paperwork to register your business with HMRC for Corporation Tax, ensuring compliance from the outset.
Accurate Profit Calculation and Tax Return Preparation:
Once your company accounts are prepared, we leverage our expertise in tax legislation to accurately calculate your taxable profits and prepare your company tax return.
Proactive Tax Advice and Planning:
Beyond compliance, we offer strategic tax planning guidance, helping you explore opportunities to minimize your tax burden.
We identify allowable expenses, tax reliefs, and deductions, ensuring you only pay what is required.
Corporation Tax Payment Reminders:
We ensure you are always aware of your Corporation Tax liability and payment deadlines, helping you avoid late penalties and unnecessary stress.
Flexible, Cost-Effective Services
Our services are tailored to meet your business needs, with fixed pricing for complete transparency and no hidden fees.
More Time for You
With your Corporation Tax compliance expertly handled, you can focus on business growth and personal priorities instead of dealing with complex tax matters.