Audits for Not-for-profit organisations and Academies
Around 15% of our current portfolio is carefully selected Not-for-profit organisations and Academies with turnovers ranging between £4m - £14m+.
Highly experienced in charity audits, our senior team can both assist staff in compliance with The Charities SORP, the audit information gathering process, and provide valuable, cost-effective ongoing support and guidance to the senior leadership team and the board of trustees throughout the year.
How we can help
Ensuring annual continuity of an audit team is vitally important to build strong client relations. We know from our own experiences that other audit firms will use trainees, which as they develop will then be used on different audits so there is no continuity of staffing.
This requires the finance team to repeatedly spend time showing new audit staff where to find information and answering repeat or naïve questions. In contrast, it is highly probable that we will assign the same senior individuals each year. This not only saves time and effort; personal familiarity and professional collaboration creates an excellent working rapport, alleviating understandable anxiety and stress amongst your finance team.
We are able to draw on our experience and knowledge, to share best practice. Site visits typically take 2-3 days, with a full written report available soon after. We can present this report, alongside the financial statements, to the board of trustees directly providing trustees with reassurance regarding the financial statements, systems and controls.