It is important that our clients can rely on us to keep them updated on the ever-changing regulatory environment affecting registered charities. In this sector, having a knowledgeable accountant is essential to ensure that you are not in breach of your duties as a trustee. A major benefit of working with The Fish Partnership is that, as well as advising charities, a number of our team act as trustees in their personal lives.
The Fish Partnership has a longstanding involvement with charity clients, providing a wide range of added value services. We have, over many years, developed a reputation in the non-profit sector by making a commitment to being totally involved, and for also aiming to give something back.
We can advise on the following:
- Charity audits – we have a proven track record of delivering cost-effective, focused and efficient audits to charities and ‘not-for-profit’ organisations against tight deadlines
- Charity accounts – we will ensure that your accounts meet the requirements of the SORP and accounting standards, and we will advise on how you can present your accounts so that all your stakeholders, including beneficiaries, donors and regulators, are best able to understand the operations of the charity and its financial situation.
- Regulatory advice – we can also help trustees to draft trustees’ reports to ensure that they meet the Charity Commission’s requirements on reserves and risk statements. Many charities are reviewing their reserves policy, and we can use our experience to advise you of best practice.
Furthermore, we are able to provide guidance to trustees on the requirements on the public benefit for charities. The public benefit requirement is a legal requirement. Every organisation set up for one or more charitable aims must be able to demonstrate that its aims are for the public benefit, if it is to be recognised and registered as a charity in England and Wales.
The ‘not-for-profit’ sector continues to develop a more business-like approach. As a result, expert and independent advice is crucial in this highly-regulated sector. With our years of experience, we are in an ideal position to offer this to our clients. This involves the use of specialist staff in the provision of this advice while providing a director-led service.