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Kings Oak Accountancy
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HUBBLE ACCOUNTANCY LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

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R Albert Accountancy Ltd
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Turner Barratt
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QUENTELA ACCOUNTING LIMITED
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Frequently asked questions
What qualifications should a charity accountant hold?
A charity accountant should ideally be a member of a recognised professional body such as ACCA, ICAEW, or AAT. These qualifications ensure that the accountant has undergone rigorous training and adheres to strict ethical standards. Additionally, they should have experience with the Statement of Recommended Practice (SORP) and understand the specific reporting requirements for charities in England and Wales.
How can an accountant help with Gift Aid claims?
An accountant can help your charity maximise Gift Aid by ensuring that all eligible donations are correctly recorded and that HMRC declarations are properly completed. They will also advise on the necessary record-keeping and help you submit accurate claims, reducing the risk of errors and ensuring that your charity receives the full benefit of the scheme.
What are the VAT rules for charities?
Charities may be eligible for VAT relief on certain purchases, but the rules are complex. An accountant can help you determine which supplies are zero-rated or reduced-rated, and whether you need to register for VAT. They will also assist with partial exemption calculations and ensure that your charity remains compliant with HMRC requirements.
Do trustees need to file a Self Assessment tax return?
Trustees may need to file a Self Assessment tax return if they receive any taxable income from the charity, such as expenses or benefits. However, most trustees act voluntarily and do not receive payment. An accountant can clarify your personal tax obligations and help you complete any necessary returns, ensuring that you remain compliant with HMRC.
How often should a charity review its financial procedures?
It is recommended that charities review their financial procedures at least annually, or whenever there is a significant change in operations. An accountant can assist with this review, identifying areas for improvement and ensuring that internal controls are robust. Regular reviews help prevent fraud and errors, and demonstrate good governance to stakeholders and the Charity Commission.
Can an accountant help with Corporation Tax for a charity?
Yes, although most charities are exempt from Corporation Tax on income used for charitable purposes, there are exceptions. Trading income that is not charitable, such as from a non-primary purpose trade, may be taxable. An accountant can help you identify any taxable activities, prepare the necessary Corporation Tax return, and ensure that you claim all available exemptions and reliefs.
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