Kreston Reeves has supported us at Royal Museums Greenwich with VAT assistance for some years now. Our services are diverse as are the VAT and other tax consequences that can arise,... More such as for admissions, membership, patrons schemes and capital projects. Whenever it gets complicated and we need a specialist to explain clearly the effect of an issue and to arrive at a sensible solution Rupert and his team are there to help. Lisa Sian, Finance Manager, National Maritime Museum
Our wealth of experience in the charity and not for profit sector has enabled us to meet the sector’s demand for specialist expertise for over 600 clients.
Accountants and auditors for the charity and not for profit sector
The sector continues to fight funding shortages, more regulation and compliance and adverse publicity, at a time when their services are of great need. We know the current key phrases are “value for money” and “impact”. This requires more detailed reporting and changes in recording of information and focus thereof. During this time of change more support is required from professional advisers.
We are a proactive firm of accountants and auditors with many years’ experience of advising charitable organisations. Kreston Reeves invests in developing our expertise and a number of the team volunteer for various charities, giving them a deeper insight into the sector.
Our long-term commitment to the charity and not for profit sector has enabled us to offer training seminars for charity trustees, and provide specialist publications to help you keep up to date with everything from the Charities Act to VAT developments affecting the sector. Areas we have covered include: Statement of Recommended Practice (SORP); public benefit; fraud; trustee responsibilities; redundancy; mergers; fund accounting; generating income – trading, property, VAT updates; employment updates- including volunteers and risk management.
We currently enjoy providing services to over 600 charities and not for profit clients, including Community Interest Companies (CIC). They operate in areas including: education; care for the elderly and handicapped; health and wellbeing; religion; arts, culture and heritage; Social housing; sports and the military.
The specialist charity audit and accountancy services we offer include:
- Auditing the charity’s accounts and providing added value
- Preparing and independently examining the charity’s accounts to ensure that they comply with best practice (SORP)
- Advising on how best to keep the accounting records of the charity and develop financial policies
- Secretarial duties and meeting filing requirements of the Charity Commission and Companies House (if appropriate)
Kreston Reeves is committed to the sector, recognising the important part it plays in today’s society and we are here to help support and develop it.
We host free seminars and events throughout the year. To join us at one of our seminars, providing important information and updates for charity trustees, chief executives and finance officers, go to our events area.
Kreston Reeves have been a pleasure to work with from the start. They took the time to get to know our senior team, chair and treasurer, and guided us as... More to the information they needed from us to be able to hit the ground running. Our first audit has been straightforward and quick, and we learned some simple improvements we can make to our practice as a result. The team is friendly, professional and always happy to help. Jennifer Twist, CEO, Care for the Carers
Kreston Reeves has helped to spread the word about the value of local giving and raised the profile of Sussex Community Foundation both via its newsletter and through partnering on... More seminars. Kreston Reeves clearly has local charitable support as a key part of its agenda. Janet Ormerod, Fund Development Manager, Sussex Community Foundation
We asked Kreston Reeves’ charity VAT specialists to review our VAT as we hadn’t looked at this area for a few years. Rupert and Daniel not only showed a great... More understanding of us, they demonstrated considerable technical ability, creative solutions and explained the issues and recommendations to us clearly, simply. They successfully negotiated a fantastic outcome for our charity with HMRC, which means that we will have a lot more money to use to support our charitable aims in the coming years. I would certainly recommend a VAT review, and by them. Rebecca Nash, Director, Royal Engineers Museum
Kreston Reeves have helped us for a significant number of years and we have always been impressed with their expertise and level of customer service. We have a team that... More supports us led by James Peach and together they provide a personalised a proactive approach to guide us with the running of our organisation. They provide an efficient and supportive audit service whilst providing suggestions and recommendations which have helped us develop our operations over a number of years. We would recommend Kreston Reeves and their services to anyone. Adrian Stewart, Finance Controller, Bakers Food & Allied Workers Union
We were keen to work with accountants that specialised in charities and Kreston Reeves have proven to be invaluable. Their knowledge and commitment to their clients has provided us with... More the support we required to achieve a seamless handover to their services. Their approach of professionalism combined with easily understandable terminology along with the reassurance for us that there is always someone willing to assist with any queries as they arise, has been endless and much appreciated. Sarah Wilsmhurst, Director of Finance & Premises, The Outlook Foundation
We recently moved from a much bigger firm to Kreston Reeves and we have been impressed on every level by their service. As a charity and Housing Association undertaking some complex... More projects we have been consistently impressed by their knowledge and skills as auditors. They add value by understanding your organisation and supporting you through the journey, not just going through the perfunctory actions of an audit. And, perhaps most importantly, we have felt valued as a client which has been hugely refreshing. We have no hesitation in highly recommending them. Ed Tytherleigh, Chief Executive, Stoll
Kreston Reeves have served as the Guild's financial advisers and have carried out the annual examinations of the Guild's company and charity accounts since 2013. The examinations of the... More Guild's accounts have always been carried out most diligently and professionally, by experienced accountants, working to timetables that suit the Board of Directors of the Company and the Trustees of the Guild's Charity. Of particular note is that the experts at Kreston Reeves LLP are always ready to give timely and accurate advice and guidance on all financial matters, including accounting procedures, Corporation Tax, VAT, PAYE and Gift Aid, to ensure that uncertainties are resolved as they arise. In addition to being totally reliable as auditors and highly responsive as advisers, Kreston Reeves also run an invaluable series of most informative seminars and study periods, at no cost to their clients, which provide excellent and very welcome opportunities for Company directors and Charity trustees to keep up to date with changes to the law or to financial practices. Michael Kuen, The Clerk, The Guild of Freeman of the City of London
I have worked with Kreston Reeves for many years now and have found the service to always be exactly what I want and expect. Thorough, professional, efficient whilst also being... More constantly available to give sound advice and assistance whenever required. I have no hesitation in strongly recommending them to others. Mark Cann, Administrator, Erach & Sadri Roshan Foundation
Dougie Dalzell Memorial Trust (DDMT) is a registered charity that was established in November 2010. Its principle objective is to provide support to active and retired servicemen and women and... More their families. Kreston Reeves has been the accountant for DDMT since its inception. It provides the Trust with a registered office and deals with all regulatory matters including communications with the Charity Commission, Companies House and HMRC. It also maintains the books of the Trust, prepares periodic management accounts and annual statutory accounts and helps draft the Annual Report. I have been most impressed with KR and with the services it has provided. It is important to me that the Trustees of DDMT should feel confident and comfortable about the way the Trust is run and Kreston Reeves has been crucial in helping me to achieve this objective. Anthony Dalzell, Trustee & Treasurer, Dougie Dalzell Memorial Trust
Kreston Reeves are a dedicated practice specialising in charities of our size and complexity. They understand how charities work – we are also an SME with a significant turnover. Personalities... More are really important too – Sam [Rouse, Partner] and the team are a pleasure to work with. I cannot recommend them highly enough. Sue Walton, Chief Executive, Pestalozzi
Specialist charity advice and accounting support is incredibly important to us – and we are impressed with Kreston Reeves’ ability to provide that advice promptly. We were keen to work... More with a firm that was well established in Kent and supportive of the local community. The depth of Kreston Reeves’ offering to clients in the charity sector is second-to-none. Carol Lynch, Chief Executive, Kent Community Foundation
I have always found the Kreston Reeves team to be helpful and flexible, rigorous with access to top-class specialists and the most up-to-date information on Charity accounts. Our accounts are... More complicated, despite our relatively small size - two companies, fee income, grant income, multicurrency, VAT, onward granting - so there is plenty to grapple with. The Kreston Reeves team is on top of all the issues that face an international charity like ours. Julie Saunders, Executive Director, Pepal
Charities COVID-19 survey report
The Kreston UK Charity Group COVID-19 survey 2021 was carried out in unprecedented times, not just for third sector organisations but for the whole world.
- 95% of charities believe they have been financially resilient during the pandemic
- Almost 80% of the charities are happy with their current reserves levels
- 65% expect income to increase over the next 12 months from current levels
- Over 70% are expecting an increase in demand for their services
- 57% have been providing more services online
- 53% have accessed the Coronavirus Job Retention Scheme
- 18% have used the Coronavirus Community Support Fund
- 60% are considering flexible working going forward
To request your complimentary copy of the Report, click download in Related resources below.
Want to learn more about how we can help?
Contact us to arrange to speak with one of our specialists in London, Kent and Sussex.
PDF 1.08 MB Charities Covid-19 survey report
PDF 1.10 MB Independent schools update – December 2020
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