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AWS ACCOUNTANTS (LONDON) LLP

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MONEYTREE FINANCIAL LTD
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Rochvilles & Co Accountants Ltd
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KHAWAR & CO LTD
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EFJ CONSULTING LTD
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Future Formations Ltd
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Frequently asked questions
What specific services do accountants for charities provide?
Accountants for charities offer services such as preparing annual accounts, managing restricted fund reports, and ensuring compliance with Charity Commission requirements. They also handle Gift Aid claims, VAT reporting, and payroll for charity staff. Additionally, they provide strategic advice on budgeting and financial planning, helping trustees make informed decisions and maintain transparency with donors.
Why is it important to choose an accountant with charity sector experience?
Charity accounting has unique rules, including the treatment of restricted funds and the preparation of Statement of Recommended Practice (SORP) accounts. An experienced accountant understands these regulations and can help you avoid costly errors. They also know how to structure financial records to support grant applications and donor reporting, ensuring your charity remains compliant and credible.
How can an accountant help with Gift Aid claims?
An accountant can ensure that your Gift Aid claims are accurate and submitted correctly to HMRC. They will help you maintain the necessary donor declarations and records, calculate the correct amount of tax relief, and advise on eligible donations. This maximises your charity’s income and reduces the risk of penalties from incorrect claims.
What qualifications should I look for in a charity accountant?
Look for professionals who are members of recognised bodies such as ACCA, ICAEW, or AAT. These qualifications demonstrate a high level of expertise and adherence to professional standards. Additionally, check if the accountant has specific experience with charities, as this ensures they are familiar with SORP and other sector-specific regulations.
Can an accountant assist with Corporation Tax for a charity?
Yes, although most charities are exempt from Corporation Tax on income used for charitable purposes, there are exceptions, such as income from trading activities. An accountant can help you identify whether any of your activities are taxable and ensure you file the correct returns with HMRC. They will also advise on how to structure activities to maintain tax-exempt status.
How do I find a suitable accountant for my charity in Hornchurch?
You can use AccountingFirms.co.uk to browse a list of verified accountants in Hornchurch who specialise in charity finance. The directory allows you to compare qualifications, services, and client reviews. Once you have shortlisted a few, you can contact them directly to discuss your needs and request a proposal.
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