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Argents Chartered Accountants
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J C Accounting Ltd
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Ashden Accountants
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AWS ACCOUNTANTS (LONDON) LLP

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MQPLUS LTD
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TaxAssist Accountants
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Southall Accountants
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KUBED SOLUTIONS LIMITED
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KHAWAR & CO LTD
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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 high ethical and technical standards. They will be familiar with the specific reporting requirements for charities and can provide expert advice on tax and compliance matters.
How can an accountant help with HMRC compliance for a charity?
An accountant can assist with HMRC compliance by ensuring that your charity claims all available tax reliefs, such as Gift Aid, and correctly handles VAT and Corporation Tax. They will prepare and file accurate tax returns on time, keeping you informed of any changes in legislation that may affect your organisation.
What is the difference between an independent examination and a full audit?
An independent examination is a lighter-touch review of a charity’s accounts, suitable for smaller organisations with income below certain thresholds. A full audit is more comprehensive and is required for larger charities. A qualified accountant can advise which is appropriate for your charity and carry out the necessary work to meet legal requirements.
Can an accountant help with Gift Aid claims?
Yes, an accountant can help you maximise your Gift Aid claims by ensuring that all eligible donations are correctly recorded and that you have the necessary declarations from donors. They will also help you submit claims to HMRC and keep proper records to support your claims in the event of a review.
How often should a charity review its financial procedures?
It is advisable to review your financial procedures at least annually, or whenever there are significant changes in your activities or staffing. An accountant can conduct a review of your internal controls and suggest improvements to safeguard assets and ensure accuracy in financial reporting.
What should trustees look for when choosing an accountant?
Trustees should look for an accountant who has experience working with charities of a similar size and nature. It is important to check their professional qualifications and whether they are registered with a recognised body. Additionally, consider their familiarity with the Charity Commission’s reporting requirements and their ability to provide clear, practical advice.
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