Service overview
Charities prepare accounts for their trustees, their members and the charity regulators, and the requirements that apply depend on the charity's structure, its income and its governing document. For eligible charities, an Independent Examination is a form of external scrutiny of the accounts that may apply instead of a statutory audit.
At Accountant Bookkeeping Ltd, we provide charity accounts and Independent Examination services for eligible charities throughout Bournemouth, Dorset, London and across the UK. The work is undertaken within applicable professional and statutory requirements, and the appropriate scope is confirmed before the work is accepted.
The accounts start with the charity's accounting records. We review the records, prepare the charity accounts and the financial reporting information, and provide management information where appropriate so that trustees can understand the charity's financial position and performance.
Where an Independent Examination is required, the examination is carried out on the records required for the agreed examination, with appropriate engagement reporting at the end of the process. Services depend on the engagement circumstances and applicable independence requirements, and we will confirm the appropriate scope before accepting the work.
As an AAT Licensed Accountant, we provide charity accounts and Independent Examination services with transparent fixed-fee pricing and no VAT charged on our fees. We do not provide statutory audit services.
Pricing
Our Charity Accounts and Independent Examination work starts from £500. The final fee is confirmed by fixed quotation following an initial review of the charity's circumstances and the scope of the engagement, so you know the cost before any work begins. VAT is not charged on our fees because we are not VAT registered.
Who this service is for
- Charities that need accounts prepared from their accounting records.
- Eligible charities that require an Independent Examination rather than a statutory audit.
- Trustees who need financial reporting information prepared and explained.
- Charities whose income, activities or structure have changed and where the reporting requirements need to be reviewed.
- Charities that would like management information alongside their annual reporting.
- Charity trustees looking for accounting support within an agreed professional scope.
What we can help with
- Charity accounting records
- Charity accounts preparation
- Financial reporting
- Management information where appropriate
- Independent Examination for eligible engagements
- Review of records required for the agreed examination
- Appropriate engagement reporting
Limited Assurance
Appropriately scoped Limited Assurance engagements may also be available within Accountant Bookkeeping Ltd's approved professional scope.
Limited Assurance engagements are not restricted to charities. The appropriate scope is agreed according to the engagement circumstances, the requirements of the engagement and applicable professional and independence requirements, and it is confirmed before any work begins.
How it works
Initial discussion
We discuss the charity, its structure, its income and the reporting and examination requirements that may apply.
Scope and independence
We confirm the appropriate scope, the engagement circumstances and the applicable independence requirements before the work is accepted.
Records and accounts
We review the charity's accounting records and prepare the charity accounts and financial reporting information, with management information where appropriate.
Examination and reporting
Where an Independent Examination is required, we carry out the examination within the agreed engagement and provide the appropriate engagement reporting, with a fixed quotation for any further work.
Information we may need
- The charity's accounting records and bookkeeping information for the period.
- Bank statements and details of the charity's funds and reserves.
- Details of income, including donations, grants, fundraising and any trading or investment income.
- Details of expenditure, including charitable activities, support costs and governance costs.
- Details of any restricted funds and the movements on those funds during the period.
- The charity's governing document, together with details of its registration and reporting requirements.
- Any previous accounts, examination or audit reports and relevant regulator correspondence.
- Details of any matters the trustees would like the accounts or the examination to address.
Frequently asked questions
Related services
Scope
Independent Examination and statutory audit are different engagements. Accountant Bookkeeping Ltd does not provide statutory audit services. Services for charities depend on the engagement circumstances and applicable independence requirements, and the appropriate scope is confirmed before the work is accepted.
Get a free quote for charity accounts & independent examination
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