Expert Not-For-Profit Accountants

Stephenson Smart is an experienced charity and not-for-profit accountants. We work with charities and organisations in the third sector of all sizes, including Community Interest Companies (CICs). We have a wealth of experience and knowledge when it comes to accounting services for the not-for-profit sector, with advisors in Norfolk and Cambridgeshire.

We understand the unique intricacies that come with managing a not-for-profit organisation and can help you with compliance with the Charity Commission, as well supporting you to run an efficient enterprise that is very well positioned to sustain your charitable cause. Running a not-for-profit or charity can often feel overwhelming, but with Stephenson Smart as part of your team you can relax in the knowledge that you are fulfilling your financial and regulatory obligations.

The benefits of using an accountant:

  • Specialist knowledge to ensure accurate reporting.
  • Expert tax advice.
  • Support to be efficient in bookkeeping and finances.
  • Guidance for compliance.
Not-for-profit

The accountancy service we provide is:

PROFESSIONAL

Our teams are fully qualified and experienced in your sector, to provide you with an efficient and personal service.

COMPLIANT

As experienced chartered accountants in the not-for-profit sector, we are aware of your obligations to HMRC and the Charity Commission and qualified to ensure they are fulfilled.

SUPPORTIVE

The advice and support we can offer you and your organisation will give you the peace of mind to allow you to concentrate on your charitable work.

Not-for-profit
Not-for-profit

Stephenson Smart looks after our annual accounts, payroll and VAT returns. As a charity we have to make sure that every penny counts, so they also organise our gift aid and charity commission reports. We worked on a spreadsheet system for a long time and the thought of going digital was quite daunting, but they have been brilliant in coaching us through the transition and we are very pleased to be ahead of the curve.

Lindsey Bavin, Manager, True’s Yard Fisherfolk Museum

Not-for-profit

As part of our accountancy service to not-for-profits, we can provide:

  • Full accountancy service, including end of year financial statements.
  • Accurate and timely bookkeeping.
  • Accurate and timely payroll.
  • VAT advice and support.
  • Audit and assurance.
  • Tax advice.
  • Returns for HMRC and the Charity Commission.
  • Support with processing gift aid.
  • An understanding of the tax allowances and tax efficiencies available to your sector.
  • Advice and training on digital accounting platforms.

We are members of the Institute of Chartered Accountants, making us fully qualified to be your trusted not-for-profit accountant.

We can look after some of the administrative tasks that have to be done, such as payroll and bookkeeping, leaving you time to focus on the developing and managing your organisation.

We would be pleased to support you to make your charitable organisation flourish and be a successful enterprise for years to come.

FAQS

Not-for-profit organisations are bound by the same tax and reporting laws as other organisations, in some cases more, as many not-for-profit organisations also must register with the Charity Commission. To fulfil legal and regulatory requirements, not-for-profits and charities must keep a high standard of bookkeeping and accounts, and complete annual returns.

In the main, charities are exempt from tax (though there are exceptions to this) and not-for-profits are subject to tax (again, there are exceptions). It is always best to get the advice of a qualified accountant to ensure that your organisation is paying the correct tax.

Charities tend to make declarations to the Charities Commission rather than HMRC, but not-for-profits would need to report to HMRC. Whether accounts need to be filed is based on entity structure and charity status.

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