Charities
Clear accounts that support your charity’s work
Your charity’s finances need to make sense to the people responsible for them.
Taxlite supports charities with practical accounting discussions and clearly scoped services, helping trustees and operational teams organise records and understand their financial position.
Birmingham & Syston, Leicester
Keep the purpose of the funds in view
Charity accounting is not simply business accounting with different terminology.
Trustees need to understand the charity’s funds, commitments and reporting responsibilities. Registered charities must prepare annual accounts and a trustees’ annual report, with external scrutiny requirements depending on their circumstances.
Areas we can discuss
Subject to your charity’s requirements and an agreed scope:
- Bookkeeping and transaction records.
- Recording restricted and unrestricted funds.
- Payroll support.
- Management information for trustees.
- Cash-flow forecasts and budget monitoring.
- Preparing supporting schedules for year-end.
- Coordinating information with appointed advisers.
A practical perspective
A healthy bank balance does not tell the whole story
Some money may be restricted to a particular project or purpose. Looking only at the bank balance can make it harder to see what is available for everyday costs.
Clear fund records and understandable reports help trustees ask the right questions before committing expenditure.
Frequently asked questions
Relevant services
Make the numbers easier for trustees to use
Tell us about your charity, its activities and the accounting support you are looking for.