K-VS Solutions - Specialist Charity Accountant for Small Charities
Starting a Charity
You want to start a Charity - Congratulations! But before you start giving to the community, there are tons of things to consider.
We can advise on the most suitable legal form for your charity and have experience incorporating and registering charities with Companies House and the Charities Commission.
Need help with governance and policies? We know what good governance structures are expected, and, indeed, required.
Running a Charity
Be it bookkeeping or accounts, charities are special entities that have to jump through a few extra hoops when it comes to compliance.
Do you need help with your bookkeeping? Let us know how we can be of assistance!
We can prepare your charity's annual accounts for you to ensure they are compliant with current rules and regulations. Just send us your bookkeeping records and trial balance and we do the rest.
Need help with the trustees report? It's your charity's opportunity to shine and tell the world how you have helped the community! Let's have a chat to ensure that everything that needs to be included is included!
Gift Aid
Does your charity regularly receive donations? You could maximise its income by claiming tax back on qualifying donations.
Let us deal with your gift aid claims - not every donation attracts gift aid, and some forms of income are specifically excluded, so it's important to get it right.
We can help with the administration, compliance and actual claim - and answer all of your gift aid questions on the way!
Taxation
Most small charities don't have to pay tax, but from time to time, HMRC may request a tax return.
Contact us if you have received a notification to submit a tax return for your charity and let us deal with HMRC on your behalf.
Or does your charity want to start activities outside its charitable objects to use the profits for its charitable purposes? Let's talk about the options which are available to minimise (or even completely mitigate) a tax bill!
Independent Examinations
If your charity has income in excess of £25,000, an independent examination of the accounts and bookkeeping records is required - a kind of "audit light", where we check that the accounts are compliant with the SORP and agree to the underlying records.
The advantage of an independent examination over an audit for charities below the audit threshold is its cost- and time-efficiency, without compromising on compliance.
Even for smaller charities with more limited resources an independent examination on a voluntary basis may also enhance the public's view of the charity and its governance.
