including;

• SORP compliant annual accounts
• Independent Examination
• Charity Commission Annual Return service
• Budgets and forecasts
• Fund based Income and Expenditure/ Profit and Loss statements
• Fund/ Grant specific SOFA reports
• Monthly/ Quarterly management accounts including analyses of Actual v Budget and Actual v Forecasts
• On-site bookkeeping services
• Payroll services
• Project based reporting

Not-for-profit organisations are distinguished from profit maximising organisations by three characteristics (ACCA)

First, most not-for-profit organisations do not have external shareholders providing risk capital for the business.
Second, and building on the first point, they do not distribute dividends, so any profit (or surplus) that is generated is retained by the business as a further source of capital.

Third, their objectives usually include some social, cultural, philanthropic, welfare or environmental dimension

All charities are NPO’s but not all NPO’s hold charity status.

Types of charity establishments:

• charitable incorporated organisation (CIO)
• charitable company (limited by guarantee)
• unincorporated association
• trust

You need to choose the right structure for your charity, depending on whether you need it to have a corporate structure and whether you want to have a wider membership.