If your organisation is a registered charity you may be exempt from taxation if all your income is applied for charitable purposes. But trustees of charities must comply with obligations under the Charities Act 2011 with regard to keeping accounting records for the charity, and for preparing annual statements of account and organising the external scrutiny of the statements of accounts.

The rules your charity must comply with are clearly defined and depend on the legal form of your charity and its income level in a financial year. Unless you properly understand the rules and are able to follow them diligently you would be failing to discharge your statutory obligation as a trustee, and be putting your organisation’s right to operate as a charity at risk.

Impact Accountants understand the challenges organisations in the not-for-profit sector face because we have delivered professional services to charities for over 25 years. As a public benefit entity client of Impact Accountants you can rely on our support to meet your statutory compliance obligations year in and year out. Read the testimony of some of our charity clients to see the support you can receive if you choose Impact Accountants as your compliance service provider.