Regulatory Compliance and SORP Standards
Managing a registered charity involves adhering to the strict reporting standards set by the Charity Commission and Companies House. Our team is well-versed in the Statement of Recommended Practice (SORP) under FRS 102, which dictates how charities must prepare their accounts to provide a true and fair view of their resources. From distinguishing between restricted, unrestricted, and endowed funds to ensuring your Trustees’ Annual Report is robust and compliant, we provide the technical precision necessary to maintain donor transparency and regulatory standing.
Strategic Tax Planning and Gift Aid
Tax efficiency is a critical component of maximising your social impact. We provide expert guidance on Gift Aid claims, ensuring that every pound of eligible donation is stretched further through reclaimed basic rate tax. Additionally, we navigate the intricacies of Charity VAT exemptions and partial exemption calculations. For CICs, we manage the balance between social objectives and Corporation Tax obligations, ensuring you utilise all available reliefs while remaining focused on your primary mission.
Independent Examination and Financial Transparency
Transparency is the bedrock of the non-profit sector. Wim Accountants provides independent examinations and financial review services designed to give your stakeholders, donors, and grant-funders absolute confidence. We don’t just crunch the numbers; we analyse your Statement of Financial Activities (SoFA) to provide insights into your operational efficiency. By ensuring your financial disclosures are beyond reproach, we help you build the credibility needed to secure future funding and scale your social influence.
Strategic Advisory for Social Impact
Beyond compliance, we act as a strategic partner to your board or committee. We understand that the “triple bottom line”—social, environmental, and financial—is your priority. Our bespoke advisory services include cash flow forecasting tailored to the cyclical nature of grants and assistance with social impact reporting. At Wim Accountants, we translate complex technical data into actionable strategies, allowing you to spend less time on the ledger and more time making a difference in the communities you serve.
