Charity Audit Firm
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Charity Audit Firm

We’re a mid-sized charity audit firm – and Chartered Accountants. We have the resources (70 staff) to meet your requirements for a charity audit – and we’re small enough to care.

We’ve enabled our charity audit clients to reduce their costs – and increase savings and cash flow.

We have London auditors with specialisms in:

  • Charity audits
  • NFP audits
  • Grant audits
  • Charity Independent Examinations Education sector audits (schools, colleges and universities) – including several Oxford University colleges
  • Charity VAT

Charity and NFP Audit Compliance

We take a risk-based approach to reducing “misstatements” and designing audit tests to ensure the factuality of your audit report.

We are regulated by ICAEW and help ensure you comply with UK legislation and better understand your commercial risks. We’re regulated by the ICAEW and the FRC. When required, our audits are fully compliant with the following:

Benefits of Our Charity Audits

We ensure you:

  • Are compliant with the Charity Commission.
  • Better understand your commercial risks.
  • Make the best use of the tax regime.
  • Optimise your VAT.
  • Operate efficiently.
  • Increase control.

Benefits of Our Charity Audit Services

  • We can audit partially remotely.
  • We minimise the time required for the audit as we have significant experience auditing a wide range of systems such as:
    • Microsoft Dynamics.
    • Sage Line 50 and 200.

Charity Audit Case Studies

Charity Audit Case Study: Client 1

  • The charitable company had a problem with funds accounting and control over restricted funds.
  • We trained their finance team to control their charitable funds.
  • The charitable company is now able to report charitable funds and ensure there is no overspending on restricted funds.

Charity Audit Case Study: 2 Charity Shop

  • The company was set up to raise funds for its parent company. It did not maximise the tax advantages available.
  • We advised their CEO to set up a retail gift aid scheme – to reclaim gift aid tax on the sale of donated goods.
  • We then advised the client to register for VAT – so that they could reclaim VAT on their costs – without having to increase the price of donated goods sold.
  • These resulted in additional income and cost savings, so gift aid donations to the parent charity increased.

Charity Audit Case Study: 3 Arts Charity

  • The charitable company were not fully compliant with the Charities SORP. We helped them transition from the Charities SORP (FRSSE 2015) to Charities SORP (FRS 102). They also staged live theatrical productions but had not considered the availability of theatre tax relief incentives to improve their cash flows.
  • We advised their Finance team on the requirements of the Charities SORP to ensure compliance. 
  • We discussed with the finance committee the incentives available under theatre tax relief.
  • The statutory financial statements now comply with the Charities SORP.
  • The Trustees are reviewing their theatrical productions in light of the advice received under the theatre tax relief.

Charity Audit Case Study: 4 Arts charity

  • The charitable company had staged loss-making theatrical productions and needed advice on whether these losses could be tax-relieved. The charity was not complying with the legislation.
  • We advised the charity on theatre tax relief – and filed a claim with HMRC.
  • They received a payable tax credit of £19,000.

Next Step

Contact us today to relieve your charity audit headache. You’ll be pleased you did.