At Taxwise Accountancy, we understand that managing finances for a charity requires expertise, precision, and adherence to strict regulations. We specialize in providing online charity annual accounts and independent examination services for all types of charities across the UK. With a proven track record, we ensure your financial records align with the Charity Commission's guidelines and the Statement of Recommended Practice (SORP).
Whether you're a small community group or a large charitable organisation, our services are tailored to help you maintain transparency, accountability, and trust with stakeholders and donors.
Taxwise Accountancy provides expert accounting services for charities registered with Charity Commission. Our online accountant hold qualifications from reputable organizations such as ACCA, AAT, and IFA.
Our Online Charity Accounting Services
At Taxwise Accountancy, we offer a full suite of services to support your charity’s financial needs:
We cater to smaller charities that often operate on tight budgets but still require professional guidance. Our team provides affordable services, including bookkeeping, preparation of annual accounts, and compliance with the Charity Commission's requirements.
For charities with annual income under £1 million, an independent examination may be required instead of a full audit. Our qualified accountants conduct detailed reviews of your financial statements to ensure compliance with legal and regulatory standards while maintaining transparency for stakeholders.
Our services cover every aspect of charity accounting, including:
Our secure cloud-based systems allow us to offer fully remote accounting services, ensuring that your charity’s financial management is accessible, efficient, and compliant.
Understanding Charity Accounts in the UK
The UK has stringent rules governing charities to ensure ethical financial management and protection against misuse. All charities must prepare accounts and annual reports that meet legal requirements. Here’s an overview of the types of charities and their specific accounting needs:
Unincorporated Charities:
Charitable Trusts:
Charities must maintain clear and comprehensive records to ensure compliance with the Charity Commission’s guidelines:
An independent examination is a review of a charity’s financial statements by a qualified accountant or examiner. Charities with income under £1 million that do not require a full audit typically need an independent examination.
Yes, our small charity accountants provide affordable and effective solutions for smaller organisations, ensuring they remain compliant without straining their finances.
Failing to comply with SORP can lead to regulatory scrutiny, loss of donor confidence, and penalties from the Charity Commission. We ensure full compliance to protect your charity’s reputation.
Absolutely. We assist charities in implementing robust financial systems and practices to safeguard against money laundering and fraud.
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