Accounting & Compliance for Charities & Trusts
Accurate Accounts, Stronger Impact
At CBM Accounting Ltd, we provide specialized financial stewardship for charities and trusts with annual income under £1 million. We understand that your organisation operates under a unique regulatory framework governed not only by tax laws but also by the Charity Commission. We ensure your financial records are transparent, your governance is rigorous, and your compliance is effortless, allowing you to focus your resources entirely on your mission and charitable impact.
Specialized Services for Charities & Trusts
Charity & Trust Registration
- Assistance with Charity Commission registration and charitable status applications.
- Support with HMRC registration for tax exemptions and reliefs.
- Preparation of governing documents aligned with your charitable objectives.
Fund Accounting
- Tracking and management of restricted funds for specific charitable projects.
- Monitoring unrestricted funds to support day-to-day operations.
- Accurate accounting and reporting of endowment funds and investments.
Gift Aid Management
- Managing donor declarations to ensure Gift Aid eligibility.
- Preparing and submitting Gift Aid claims to HMRC accurately and on time.
- Helping maximise the value of eligible donations through efficient Gift Aid administration.
Bookkeeping & Digital Document Management
- Recording income, grants, and expenditure with complete digital documentation.
- Maintaining secure records of invoices, receipts, and grant agreements.
- Tracking all transactions against project budgets to ensure full audit readiness.
Annual Accounts & Trustees’ Report
- Preparation of annual accounts in compliance with the Charities SORP.
- Drafting Trustees’ Annual Reports to highlight activities and achievements.
- Ensuring accurate financial reporting and regulatory compliance.
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Regulatory Compliance & Reporting
HMRC Compliance & Tax Exemption
- Maintaining your charity’s tax-exempt status and compliance requirements.
- Managing annual ‘Fit and Proper Person’ declarations.
- Ensuring non-charitable trading income is reported accurately with HMRC regulations.
Companies House & Charity Commission Filing
- Managing annual returns and accounts filing requirements.
- Reporting changes to trustees, directors, or governing documents.
- Ensuring compliance with both the Charity Commission and Companies House.
Governance Reviews
- Providing oversight to support effective charity governance.
- Helping trustees act within their legal powers and responsibilities.
- Ensuring compliance with the Charity Commission’s guidance on managing charitable funds.
Payroll & Pension Administration
- Managing payroll and employee payments accurately and on time.
- Administering Statutory Sick Pay (SSP) and Statutory Maternity Pay (SMP).
- Ensuring workplace pension enrolment and compliance with employment regulations.
Why Choose CBM Accounting Ltd for Your Charity?
We provide tailored reporting that gives donors and trustees a clear view of how funds are being utilised, helping to build trust and encourage continued support. Our thorough record-keeping ensures your charity remains audit-ready, making independent examinations and external audits straightforward and efficient.
By managing the technical, regulatory, and reporting requirements on your behalf, we simplify administration and allow you to focus on your charitable mission. With clear financial reporting and robust compliance processes, we help demonstrate your organisation’s value to donors, beneficiaries, and regulators with confidence.
• Clear reporting on the use of charitable funds.
• Audit-ready records and documentation.
• Simplified compliance and regulatory management.
• Enhanced transparency for donors and stakeholders.
FAQs (Frequently Asked Questions)
What accounting services do you provide for charities and trusts?
We provide comprehensive charity accounting services, including bookkeeping, fund accounting, annual accounts, trustees’ reports, Gift Aid management, payroll, and regulatory compliance. Our services help charities and trusts maintain accurate financial records and meet all legal requirements.
Can you help with Charity Commission registration?
Yes. We assist with Charity Commission registration, charitable status applications, governing documents, and HMRC registration for tax exemptions, ensuring your charity is set up correctly from the start.
What is fund accounting, and why is it important for charities?
Fund accounting helps charities separately manage restricted, unrestricted, and endowment funds. This ensures donations are used for their intended purpose while providing transparent financial reporting for trustees, donors, and regulators.
Do you manage Gift Aid claims with HMRC?
Yes. We handle Gift Aid management, including donor declarations, preparing and submitting HMRC Gift Aid claims, and ensuring eligible donations maximise the tax relief available to your charity.
Can you prepare annual accounts and Trustees' Reports?
Absolutely. We prepare Charities SORP-compliant annual accounts and Trustees’ Annual Reports, helping your organisation meet Charity Commission and HMRC reporting requirements with confidence.
How do you help charities stay compliant with HMRC and the Charity Commission?
We provide ongoing charity compliance services, including HMRC tax exemption support, Charity Commission filings, Companies House submissions where required, governance reviews, and regulatory reporting to keep your organisation fully compliant.
Do you offer payroll and pension services for charities?
Yes. Our charity payroll services include payroll processing, Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP), workplace pension administration, and compliance with UK employment regulations.
Why should charities choose CBM Accounting Ltd?
CBM Accounting Ltd provides specialist accounting services for charities and trusts, delivering transparent financial reporting, audit-ready records, strong regulatory compliance, and tailored support. This allows trustees to focus on achieving their charitable objectives while we manage the financial and compliance responsibilities.