Hello, I have created a new CIC for our business that was under an ltd. The Ltd will still exist so the bank account attached to that will remain. I am however struggling with opening a new bank for...
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Hello, we are looking for a new bookkeeper for our charity and I wondered if anyone could recommend someone. We have QuickBooks and need someone to run payroll, organise monthly payments etc. I'd be...
Hello! I am the founder of a small baby loss CIC and we are currently applying to convert into a CIO. We have submitted the application and in the process. My question however falls around the financ...
Hi, we want to invest some of our funds, but when we have asked investment managers we have found that they have a minimum of £150K to 1,000,000. Does anyone know of a way to invest with a smaller bu...
We are currently using FreeAgent as it is free from our bank but it is clearly for small business who send invoices. I have set up lots of different projects which require invoices to enable me to cl...
We are a small non-profit charity. We have an accountant who completes and submits our accounts on an annual basis to the charities commission, but we require an easy to use free accountancy package...
Hello all Can someone advise on a bank account for a CIC please. I am getting nowhere! Thanks
Hello, I am currently in the process of setting up a charity as a CIO and I am wondering how to get a bank account as all the charity accounts seem to need you to already be registered to get an acco...
This question is from a member of our community that wishes to remain anonymous: We are a charity that follows SORP for the annual accounts. This year, for the purposes of quarterly management accou...
Hi All We are an unincorporated charity association looking to register with charity commission. Our last application was rejected, it needed some improvement before resubmitting. By the time we got...
We're looking for a part time finance/ course administrator to start immediately and will need agency staff to help us while we recruit. Any agency recommendations very much appreciated! Thank you.
I'm looking for some accounting advice. The small charity of which I'm treasurer has (last year) "converted" into a CIO, that is we created a new entity and have transferred all the funds and operati...
Hello We are a small award winning charity that provides complex projects for paediatric and adult projects across 6 NHS Trusts. We are expanding and need both bookkeeping support and strategic finan...
Hi all, What's considered best practice with account signatories? We're moving banks and I'd assumed we'll put all 5 trustees as signatories as that helps if some people are unavailable. But then I...
We are looking for preloaded debit cards for our volunteers to use. Anyone out there with knowledge and experience, and any recommendations? Thank you
Hi, I know that when a group is reaching £5k + a year in income they need to register with the Charity Commission. However, is this Gross or net? Does this income include everything that comes in to...
How can do you develop a budget and forecast future financial performance?
Lloyds has just sent us 13 pages of US government form to fill, to establish that we're not tax resident in the US. Refers officiously to the U.S. Foreign Account Tax Compliance Act, as if it has jur...
This question is from a member of our community that wishes to remain anonymous: I'm registering with charity commission, when do I start keeping accounts for them, I'm finding the whole thing diffi...
Can you please recommend any payroll software packages ideal for a charity with 15 employees?
Hi there, we're a small charity, £125K income, but with so many different grant streams our Management accounts spreadsheet is getting overwhelmed! Projects funded by multiyear grants of different le...
This question is from a member of our community that wishes to remain anonymous: Can a supplier of services to our charity issue an invoice including VAT to us whilst they are waiting for their VAT...
This question is from a member of our community that wishes to remain anonymous: Can anyone recommend a third party provider to deal with the surcharges/VAT on posting publications to the EU from th...
As a small CIC we have not been in a position to give up the other job due to instability , lack of funding. Lots of the admin/ fundraising work has been voluntary. We have been paid for running ses...
This question is from a member of our community that wishes to remain anonymous: Our CIC has been running for 5 years with an amazing impact on local community, and is managed by three directors, on...
Is an unincorporated charity association obliged to report annual income and expenditure report to charity commission if its over £5k (the threshold required to register as a cio) we are in process o...
Can anyone please recommend a bank or banks for non-profits?
Hi everyone, I need to find a very simple payment software that allows us to accept card payments from our clients. Wish list would be: - setup recurring payment requests - send payment reminders -...
Good afternoon all, I would like to ask a query concerning bank account verification systems. I'm currently working with a grant giving organisation and we want to employ a system that checks if bank...
We are really struggling with VAT submissions - so difficult to follow. Even our paid Accountant can't help. In summary, it looks like we will now get a £200 fine this time for being late and also an...
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