Vantis' Charity & Not for Profit Group acts for over 400 Charities and Not for Profit organisations nationwide and provides accounting, business and tax advice to these organisations. In order to discuss your requirements in detail, please feel free to contact any member of the group. Our services include:
- Accounting
We can ensure that your charity accounts are completed accurately and efficiently. We appreciate that there is a great deal of pressure to meet charity accounting and reporting requirements, but we are on hand to help you.
- Business Advice tailored to charities & not for profit organisations
We appreciate that every organisation is operating under different circumstances and facing varied issues - it is our job to understand these issues and identify areas where we can advise you based on our experience of the sector.
- Business Recovery Services
Taking action before a financial challenge becomes a problem can often be they key to turning around an organisation. Our Recovery Service’s mission is to support our clients and guide them through their financial crisis with sympathy, integrity and professionalism. We believe the service could be of major importance to Charities and Not for Profit organisations who are experiencing financial distress. Our mission is to try and ‘turn around’ the financial misfortunes facing such organisations.
- Financial Management
Our independent financial advisers have significant experience in working with charities & not for profit organisations. We are able to help charities & not for profit organisations achieve their investment objectives and meet their other financial planning requirements.
- Forensic Accounting & Dispute Resolution
Our team comprises dedicated experts and advisers who assist the legal profession, insurers, regulatory and prosecuting bodies in the pursuance and defence of claims. In an increasingly litigation world, the Charities and Not for Profit organisations are not immune. We can provide expert assistance to suit their requirements.
- Governance Reviews
Governance of Charity and Not for Profit organisations has had much publicity in recent times. It is extremely important that proper attention is paid to governance issues and how these may affect the day to day running of your organisation. Here at Vantis, we have specialist who can advise on ‘best approach’ to Governance issues from formation of board of non-executives to reviews of remits of Audit Committees. Contact us to discuss your requirements in full and to find out how we can make your Governance issues self compliant with ‘best approach’.
- Independent Examinations
For unincorporated charities that are not required to have an audit;
1. An independent examination is required when income of the charity is over £10,000.
2. If the annual income is over £250,000 then the independent examiner must be a member of a professional body named in the Charities Act 2006.
We have experts who carry out independent examinations for a large number of charities and would be happy to discuss your requirements in full.
- Interim Management & Placement Services
Has a key member of your team unexpectedly left your organisation? Maybe your charity or not for profit organisation is going through a difficult time and you feel the need for an extra pair of experienced hands for a short period of time. If either of these applies then you may like to consider contacting our Interim Management team to see how they can help.
- Internal Audit & Risk Assurance
SORP 2000 introduced a new requirement into the Trustees Annual Report, requiring the Trustees to make a statement confirming that “all major risk to which the charity is exposed, are identified by the Trustees, have been reviewed and systems have been established to mitigate those risks.”
At Vantis, we run workshops for Trustees and executives to help map out the major risks facing the organisation; we then help turn this into a workable ‘Risk Register’. Furthermore, we can advise on the implementation/ monitoring of the Risk Register and help you devise/operate an effective system of internal control.
- International Tax
The success or failure of an international charity will often depend on its ability to attract suitable donors. In today's ever tightening fiscal environment, the governments of the world are becoming aware that charities do excellent work and consequently have introduced tax breaks to people who are prepared to contribute their funds to charities. Vantis' International Tax team has extensive experience in reviewing the international tax opportunities which may be available to both donors and charities so that they can continue their good work with the minimum of tax burden.
- Outsourced Payroll Services
Vantis outsource offers accountancy and payroll services. We provide detailed management information and financial reporting for growing organisations. Newly setup Charities and Not for Profit organisations can take advantage of this function when they setup or indeed on an ongoing basis.
- Restructuring Services
Charities operate in a competitive and challenging environment. Charitable organisations may face problems which are financial in nature and mean that they require assistance with restructuring the organisation. Our business restructuring team is always available to discuss with you, in strict confidence, any matters of a financial or operational nature.
- Tax Planning
Our charity & not for profit tax consultants can advise on the impact of taxation in relation to trading activities. Our tax experts regularly advise charities on the methods available to maximise tax-efficient giving by donors, as well as other ways to minimise the incidence of taxation.
- Training
‘Pass Training’ is the training division of Vantis. Over the last 20 years it has become a very highly respected training company. A full range of courses, both for Trustees and Executives of Charities and Not for Profit organisations are provided. Furthermore, specific course can be designed to suit your individual organisational needs. Charities and Not for Profit organisations receive substantial discounts. Please refer to ‘Seminars and Training’ section of the website.
- VAT Advice & Planning
The subject of VAT has always been complicated for charities. Our charity & not for profit VAT team has worked with organisations in the sector for many years and we are familiar with the pertinent VAT issues that may be affecting your organisation.
- If you require an audit,
For financial year starting on or after 27 February 2007, a charity that is not a company must have a professional audit of its financial statement if:
1. Its gross annual income is over £500,00 or
2. It has an annual income of over £100,000 and assets exceeding £2.8 million or
3. Its governing document states that it must have a professional audit
4. The Commission orders the financial statements to be professionally audited.
For charitable companies, with an annual income of more than £500,000 or assets of more than £2.8million, an audit is compulsory.
For examples of the ways we have assisted some of our clients please visit our how we can help you pages.