Accountants for charity and not-for-profit organisations

May 3, 2021

We support you in fulfilling your cause 

Spondoo has charity accountantsequipped with first-hand tools and techniques for the effective financial management of charity income and assetsWe understand real-world challenges placed on charity finance managers and the heavy scrutiny from regulators, trustees, and supporters. With a lot at stake, not-for-profit organisations (charities) must exercise the highest level of financial governanceSpondoo will ensure you remain sustainable, transparent and accountable, as you make a difference in your area of specialisation. 

What can Spondoo do for you? 

Setting up a new charity 

We will: 

  • Offer first-hand guidance on how to set up your charity. 
  • Educate you on roles played by trustees and relevant shareholders. 
  • Provide you with financial implications involved in charity, including your obligations to maintain your tax exemptions on receipts from donors. 

Bookkeeping 

Charity bookkeeping is a genuinely specialised skill set outside the capabilities of a standard accountant. It requires the preparation of non-profit-related financial statements, tracking on segregated fund balances, as well as the often complex task of tracking receipts from donors. We are aware of what it takes to accomplish these tasks and are very much equipped to take on the role of supporting you to make a difference. 

Payroll and Auto– Enrollment

We offer an all-inclusive and flexible auto-enrollment solution with multiple pension providers, in addition to operating real-time information payroll services that are compliant with HMRC guidelines. 

Tax Compliance 

Spondoo will advise on how to make legitimate tax claims for donations made by companies and individuals. In addition to expenses incurred like wages, travel expenses and utility billsNot only will we manage tax planning but we will also ensure you adhere to the key UK tax deadlines.  

Compliance with Charity Regulation 

As charity specialists, you can expect Spondoo Accountants to guide you through the regulatory framework of the sector. This service includes: 

  • Providing robust scrutiny of Statement of Recommended Practice (SORP) issues specific to the charity sector, in line with the charities’ fiduciary reporting obligations to the stakeholders. 
  • Giving you up-to-date counsel on procedures and regulationsurrounding gift aid.  
  • Advising and reporting on effective charity trading subsidiary and charity reserve policies, to enable you to maintain a level of funding that allows your charity to fulfill its objectives. 

Download our free handy brochure below for more information on our services or visit our about us page.

Independent Examination 

We are fully certified to: 

  • Review accounting records kept by your charity. 
  • Make a comparison of accounts with the accounting records. 
  • Spot any unusual items or disclosures in the charity accounts.  

Why Choose Us?

  • Spondoo meets the Institute of Financial Accountants (IFA) requirements and follows stipulated guidelines 
  • We work with trusted auditors who give a truly independent third-party review of your records, as well as our own work. 
  • We will manage and track funds, grants, locations, and outcomes, whilst providing quick and easy real-time financial reporting and visibility to key stakeholders. 
  • Advise and scrutinise your internal controls, surrounding segregation of duties and adherence to Governing Document and fraud protection. 
  • We will help you reduce accounting costs whilst improving security and accessibility to financial information. 
  • We have a fixed service fees rate so you can keep on top of your overheads. 
  • If you run a charity overseas (especially in Africa), we have a subsidiary office on the ground that can assist with local compliance obligations, escrow banking, and purchase ledger management. 

Contact Us

The coronavirus pandemic has increased the vulnerability of charities. Fundraising activities, donations, and investment income have been largely affected by the pandemic. We promise to offer helpful financial advice and support for your charity’s sustainability and success. Call us on 0203 3259 341 or email us for further assistance info@spondoo.co.uk

DOWNLOAD ACCOUNTANTS FOR CHARITIES BROCHURE!!

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Information provided on the site is merely guidance that may change in line with UK law and regulations. Users must not consider this to be financial advice or their sole resource when making any financial decision. Spondoo is a trading name for Accounting SQL Limited, authorised & license accounting firm under the Institute of Financial Accountants.

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