"Kreston Reeves has a number of livery company clients and so the partnership’s experience and knowledge of the sector is broad and valuable. Kreston Reeves has prepared Fruiterers accounts for... More many years, using sets of numbers collated by non-accountants. Their advice and involvement in a recent introduction of a new book keeping system was helpful and our contact partner provides rapid and clear responses to specific issues - eg technical accounting matters, VAT, etc – that are raised with him from time to time." Adrian Padfield, Worshipful Company of Fruiterers
There are currently 110 Livery Companies which collectively gave a total of over £41 million to charitable causes. We at Kreston Reeves have acted for many of these Livery Companies and Guilds for over 50 years.
We understand the traditions associated with the Livery Companies and the manner in which they and the City are governed. Many of our partners and former partners are themselves Liverymen or Freemen of the City.
We understand that through history every Livery Company has developed its own characteristics and therefore the requirements of each Company are different and we tailor our approach accordingly.
Our Livery Company accountancy services include:
- Examination or audit of the Company’s accounts
- Audit or independent examination of the related charities
- Bookkeeping and management accounts
- Corporation tax compliance
- Payroll including year end returns and PAYE settlement agreements
- VAT reviews and advice
- Advice on Governance issues and Trustee Responsibilities
Although Livery Companies are not themselves charities, they are philanthropic by nature and our long term commitment to this sector has led us to offering training seminars for those responsible for Livery Company finances and charity trustees. Areas covered include: governance issues, trustee responsibilities, Statement of Recommended Practice for charities, public benefit, charitable trading, property and livery halls, VAT updates, other tax updates and employment issues.
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.
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