Small Charities

Solutions suitable for 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*.

Services

1. Bank reconciliation's
2. Accounts payable processing, payment and supplier query
3. Accounts receivable – standard procedures
4. Monthly payroll processing (including year-end filing)
5. Automated accounts pack produced approximately 10 working days following month end
6. 48hour turnaround on queries via email using service desk email address where possible

Management Information Provided

1. Monthly accounts pack with budget variance for the month and year to date
2. Aged debtor summary report
3. Aged creditor summary report
4. Detailed transaction report
5. Quarterly reforecast of year end position based on budget and actual results to quarter end
6. Annual audit file (excludes drafting statutory accounts)

Requirements

1. Online banking facility (we can set up)
2. Turnover less than £250,000
3. Only one level of activity

If you think your charity fits into this category, please complete our service questionnaire or give us a call on 01793 554204 and we will go through the process with you and see if we can assist you right away.

* A one-off set up fee of £3,000 may apply in order for Charity Business to transfer all information and train staff. The monthly fee of £333 is subject to VAT.