Regulations governing charities and not for profit organisations are very different from other organisations and are constantly changing. Compliance and keeping up to date with the changes is a challenge for all in the sector. Corporate governance requirements must be carefully observed.

Accounting requirements are different. Both  the Companies Act and the Charity Commission rules must be often be followed. Exemption from tax and VAT is dependent on many factors subject to the activities of the organisation. This area includes many types of bodies including sports and social clubs, churches and religious trusts, schools and trusts for education, local charities for poor and under privileged, medical charities for handicapped groups, and of course the major national charities.

Wills Bingley has extensive experience of working for clients in all these areas.

The accounting requirements for annual reports for charities and not for profit organisations are a specialist area, which we understand and we assist clients with.