Accountancy Services | MY CHARITY MANAGEMENT

EACH CHARITY IS UNIQUE

ACCOUNT MANAGEMENT AND COMPLIANCE

Vincent Santeng advocates for the acceptability of non-profit organisations being self-sufficient and financially secure. He emphasises the importance of redefining their objectives to avoid reliance on unethical donors and practices, in order to establish trust and attain financial independence.

At MYCM, we specialise in providing Account Management and Compliance for charities. Our services cover all aspects of charity compliance and documentation, as well as management. Our team of experts has extensive experience in the field and will ensure that your charity is compliant with the relevant regulations and laws. We also provide training and accounting services to ensure that your charity is running smoothly and efficiently. Our services are tailored to meet the needs of your charity, ensuring that you receive the best possible results.

Financial Accounts

At MYCM, we recognise the significance of financial accounts in the operation of a charity. To cater to charities of all sizes, we provide thorough and comprehensive attention to Financial Accounts. Our team of experienced consultants and accountants offers customised solutions to ensure your charity adheres to all relevant financial regulations.

Management Account

Charity management is held to a standard of stewardship and accountability, which encompasses a responsibility to ensure trust from contributors and regulators. To meet these expectations, regular performance reviews and reporting in the form of management account reports are essential.

Budget Preparation

Charities face infinite needs while operating with limited resources, necessitating effective budgeting and strategic planning by their management. Our team of experienced accountants and consultants is equipped to assist charities in efficiently budgeting and planning, ensuring the optimal utilisation of scarce resources.

Audit and Data Integrity

Effective management of charity resources yields favourable outcomes. Charities must assure contributors that their resources, sacrifices, and time are utilised to achieve predetermined goals and objectives. We offer audit services and ensure data integrity to provide periodic performance assurance.

ACCOUNT MANAGEMENT - STRATEGIES

In order to stay relevant and maintain their status, charities need to adopt effective strategies and engage in meticulous planning. Handling operational changes and challenges can often be confusing and demanding. At My Charity Management, we understand these complexities. Our account management team recognizes and embraces the principle that various industries, including churches, have distinct accounting requirements and, if applicable, tax regulations.

Planning & Project Management

MYCM provides extensive services as accountants, auditors, consultants, and IT solution experts. We assist with various aspects, including preparing and filing charity accounts, defining account types and reporting structures. Our service levels (Bronze, Silver, Gold, Platinum) cover a range of financial reports, such as cash flow statements, management accounts, budgets, and project accounts, tailored for charities.

Investments & Buying Properties

We cannot change banks' attitudes towards charities, but we encourage you to reject such negative attitudes. As experienced accountants and consultants, our backgrounds in investment banking and risk management allow us to help your charity finance its projects or acquisition plans. Our approach ensures wise investment decisions and maximises returns for your charity.

Training & Tax Planning

Donors' contributions are the main income source for charities. However, it is important not to rely solely on guaranteed contributions. Investing in project development is a core principle for fulfilling the charity's responsibilities. We offer training to charities to maintain relevance and influence in society.

Gift Aid & Grant Processing

At MYCM, our outsourced team maximises receivable income for charities by customising our approach and tools. With expertise in processing Gift Aid Claims, we assist in donor database management, ensure compliance with legislation, and organise events to boost commitment. We provide tailored solutions for optimising grant acquisition.

Trustees & Board Duties

At MYCM, we advise and assist Trustees in developing strategies for charities of any size, organisation type, or location. We provide training, help with documentation, and ensure compliance with regulations. Our recommendations go beyond the minimum requirements, considering Trustees' interests and professional duties.

Charity Activities & Communities

We are available to advise and participate in relevant charity events if invited and our schedule permits. Our involvement extends beyond fundraising and account preparation, encompassing services like gift aid claims and outsourcing. You can also invite us as speakers for conferences. Please reach out to us for assistance.

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MY CHARITY MANAGEMENT (MYCM)