Small Charities

Charities with income of less than £250k per year

If you are a small charity, we have used our experience and knowledge to develop a comprehensive fixed-price financial package for organisations with an income of less than £250,000 per annum. It enables smaller organisations to access cost effective financial expertise and increase their financial efficiency, whilst working collaboratively with a skilled financial operations team and qualified accountants.

This service for smaller to medium-sized charities incorporates all standard accounting processes, and supplies you with a high quality quarterly automated management information pack at a cost of £333 per month*.

Activities

• Bank reconciliations
• Accounts payable – standard procedures
• Accounts receivable – standard procedures
• Monthly payroll processing (including year-end filing)
• Automated accounts pack produced between 5 to 10 working days following month end
• 48hr turnaround on queries via email using service desk email address

Management Information Provided

• Quarterly automated accounts pack with budget variance
• Detailed transaction report
• Aged debtor summary report
• Aged creditor summary report
• Annual audit file (excludes drafted statutory accounts)

Requirements

• Online banking facility (we can set up)
• Standard chart of accounts
• 1 level reporting
• Electronic information exchange
• Defined opening position for balance sheet

 

If you think your charity fits into this category, please complete our service questionnaire.

* A one-off set up fee of £2,000 applies in order for Charity Business to transfer all information and train staff. The monthly fee of £333 is subject to VAT.