Small Charity Annual Accounts Preparation Services

All registered charities in England and Wales must prepare annual accounts at the end of each financial year. Small charities with income under £250,000 can prepare receipts and payments accounts, whilst those with income over £250,000 must prepare accruals accounts following Charity SORP. Accounts must be submitted to the Charity Commission within 10 months of the year-end.

Receipts and payments accounts are simpler, showing money received and paid out during the year, suitable for charities with income under £250,000. Accruals accounts are more comprehensive, including a balance sheet and Statement of Financial Activities (SOFA), following Charity SORP guidelines. They record income when earned and expenses when incurred, regardless of when cash changes hands.

Our fees are fixed and transparent, based on your charity's income and complexity. Typical costs range from £400 for simple receipts and payments accounts to £1,500+ for full accruals accounts with independent examination. We provide a no-obligation quote during your free consultation, with no hidden fees.

Charities with income between £25,000 and £1 million require an independent examination of their accounts. Charities with income under £25,000 don't legally need an independent examination, though some choose to have one for added assurance. Charities with income over £1 million typically require a full audit. We provide qualified independent examination services for eligible charities.

Yes, absolutely! Our entire service is available online, allowing us to work with small charities across the UK. You can securely upload documents through our portal, communicate via email or video calls, and we'll submit your accounts directly to the Charity Commission electronically. This makes our service convenient, efficient, and accessible from anywhere.

Typically, we'll need bank statements for all accounts, receipts and invoices, donation records, grant documentation, asset registers, and details of any loans or liabilities. If you use accounting software, we can often work directly from that. We'll provide a comprehensive checklist during onboarding to ensure we have everything needed for accurate accounts preparation.

Once we receive all necessary documents, we typically complete accounts preparation within 2-4 weeks. This includes preparation, your review period, any adjustments, and final submission to the Charity Commission. We recommend starting the process at least 8 months after your year-end to allow comfortable time for completion before the 10-month deadline.

Missing the Charity Commission deadline can result in your charity being marked as overdue on the public register, potentially affecting your reputation and grant applications. The Charity Commission may also open a compliance case. We ensure all deadlines are met, but if you're already overdue, we can help prepare accounts urgently and support you through any Charity Commission enquiries.