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Running a charity requires transparency, accountability, and sound financial management. Our specialist charity accounting services are designed to ease the administrative burden, so you can focus on fulfilling your mission and serving your community.
We prepare year-end financial statements in compliance with the Charity Commission and the Charity SORP, whether on a receipts and payments or accrual basis depending on your size and needs. We’ll keep your records clean, accurate, and audit-ready.
Our bookkeeping services track income, donations, and grant funding ensuring that restricted and unrestricted funds are properly recorded and accounted for. With accurate records, your board and stakeholders can make informed decisions based on timely financial data.
Payroll and pension compliance are fully handled, including RTI submissions, auto-enrolment, and year-end returns. Whether you have one employee or many, we’ll take the complexity off your hands.
We also assist with budgeting, management accounts, and forecasting helping you plan income and expenditure and compare performance across periods. Our insight-driven reports can enhance your governance and financial oversight.
Charities also benefit from our support with VAT, internal controls, and establishing proper financial policies. If you're just starting, we’ll help you set up and register your charity, choose the right structure, and establish strong governance from day one.
Outsourcing your financial functions to our team ensures you meet all legal obligations and get peace of mind, while unlocking insights that help you serve more people, more effectively.
Gift Aid allows charities to increase the value of donations received by reclaiming tax from HMRC. With our Gift Aid Management service, we help you turn eligible donations into extra income effortlessly, ensuring your charity benefits from every contribution made.
We will support you with registration for Gift Aid, maintaining donor records, and ensuring all declarations are compliant with HMRC requirements. Our team handles the preparation and submission of Gift Aid claims, saving you time and reducing administrative stress.
Through our expertise, we can identify opportunities to maximise your claims, helping your charity boost donations by up to 25% without asking supporters to give more.
Our service ensures that your records are accurate, complete, and audit-ready, giving you the confidence that all claims are processed correctly and efficiently.
Many charities lose out on valuable income because of complex rules and the administrative burden associated with Gift Aid. By outsourcing this function to us, you can focus on your core mission while we manage the technicalities. The benefits to your organisation will far outweigh the cost, and you’ll wonder how you ever managed Gift Aid without our support.
When you use our payroll services, we act as your payroll department and aim to form the perfect fit to your organisation by scaling our offering to fit your particular business needs. It is a cost effective way of handling your payroll and ensuring compliance with HMRC, dealing with Real Time Information (RTI) and Pensions Automatic Enrolment (auto-enrolment).
To comply with your auto-enrolment duties, we will assess your staff every pay period and carry out all necessary administration duties.
You email your payroll data to us and we send back your payslips, payroll reports including departmental analysis, BACs payment report, P45s for departing employees and P60s for all employees.
We take the pressure of dealing with your bookkeeping which could be daunting and time consuming even at the best of times off your hands. This will enable you concentrate on growing and developing your business and leaving the tasks you are less skilled at to us.
PFSL aims to form the perfect fit to your organisation by acting as your accounts department.
Many small businesses and micro-entities are unaware of how their business is performing and cannot determine how much profit they make. When we keep your books, we will be able to supply you with financial statements periodically according to your requirement.
Once bookkeeping function is adequately taken care of, we can give you information periodically to enable you run your business more profitably. We can supply you with relevant and timely information that will enable you make decisions on how to improve your business.
Our management accounting services can support you with developing your business plan and formulating strategies to achieve the plan.
Using the business plan, we will support you with preparation of budgets, planning of income and expenditure across the different areas of your business. At the end of the period, we will look back and compare actual against budgets.
Management reports can also compare the performance during a period with the performance at the same period in a previous year. An up to date view of your business performance will enhance decision making.
We can identify key performance indicators peculiar to your business and use them to monitor progress towards achieving your organisational goals.
Many small businesses and micro-entities do not carry out management accounting functions as they cannot afford to employ a management accountant. Outsourcing this function enables you to access the services in a more economical way, as the value added to the organisation far outweighs the cost. As your business progresses, you will wonder how you ever ran your organisation without this service.
Navigating the complex landscape of taxation can be challenging. At Perfect Fit Services Limited, we're here to simplify that journey. Our comprehensive suite of tax services is designed to support you in achieving your financial goals while staying fully compliant with tax regulations.
