Core Services for Charities and Not-for-Profits
Services for Charities & Not-for-Profits
Ensure compliance and maximise your impact. Get a specialist charity accountant.
Charity Bookkeeping
Accurate fund accounting that tracks restricted, unrestricted, and designated income to ensure transparent financial records.
SORP Compliance
Preparation of statutory accounts in strict accordance with the Charities SORP (FRS 102) and Charity Commission guidelines.
Independent Examination
Rigorous and objective independent examinations for charities under the audit threshold to satisfy statutory reporting duties.
Gift Aid & Tax Reliefs
Expert support with Gift Aid claims, GASDS, and navigating charity tax exemptions to maximise your funding.
Trustee Reporting
Clear, accessible financial reporting and management accounts to support trustees in their governance and decision-making.
Charity Software Setup
Implementing cloud accounting systems configured for fund tracking, making reporting to funders and trustees effortless.
How We Help Charities and Not-for-Profits
Accurate fund tracking for restricted and unrestricted reserves
Full compliance with the Charities SORP and Charity Commission regulations
Stress-free preparation for independent examinations and trustee reviews
Maximised Gift Aid recovery to stretch every pound of funding further
Frequently Asked Questions
Does our charity need an independent examination or a full audit?
In the UK, charities with gross income over £25,000 generally require an independent examination. A full statutory audit is typically required if gross income exceeds £1 million, or if income exceeds £250,000 and total assets exceed £3.26 million. We can help you identify your exact threshold and prepare accordingly.
How do we handle restricted versus unrestricted funds in our accounts?
Restricted funds must be spent on specific purposes specified by the donor, whereas unrestricted funds can be used for any charitable purpose. Our accounting setups track these separately at the transaction level, ensuring your SORP-compliant accounts clearly demonstrate that restricted funds were spent correctly.
Can charities claim Gift Aid on small cash donations without declaration forms?
Yes, under the Gift Aid Small Donations Scheme (GASDS), charities can claim a top-up payment on small cash or contactless donations of £30 or less, up to a maximum limit of £8,000 in donations per tax year. We help you set up robust records to claim this valuable relief safely.
Do charities have to register for VAT in the UK?
Charities are subject to the same VAT registration threshold as commercial businesses (currently £90,000 of taxable turnover). However, ‘taxable turnover’ only includes business activities (like selling merchandise), not non-business income like public donations or grants. We can review your income streams to ensure correct VAT treatment.
What are the key reporting deadlines for UK charities?
Registered charities must submit their Annual Return, Trustees’ Annual Report, and accounts to the Charity Commission (and Companies House, if incorporated as a charitable company) within 10 months of their financial year-end. We ensure your accounts are fully prepared and filed well ahead of this deadline.
Talk To Us
We are here to make business feel clearer and easier, starting with a simple conversation. Whether you need a new accountant, specialist advice or wider support from the Nuvo team, we would love to hear from you.