Charities

Services - Charities

Running a charity is complex regardless of size; trustees are responsible for ensuring the appropriate use of donated funds for the public benefit. All charities in Scotland, whether unincorporated associations, charitable companies or SCIO's (Scottish Charitable Incorporated Organisation) are subject to the requirements of OSCR (Office of the Scottish Charity Regulator), and must adhere to good governance practices and certain accounting and reporting regulations. Consequent Ltd specialises in smaller charities (income less than £500,000) and can work with your trustees and management in areas such as:

Governance

Requirements surrounding appointment, inductions and ongoing training of trustees, their roles and responsibilities.

Strategy

Reviewing existing strategies, including service delivery and fundraising, and establishing where improvements can be made. Does the strategy effectively meet the charitable objectives and meet the public benefit requirements? Are fundraising efforts maximised, could they be used to enhance the charity profile?

Accounting – management and financial

Are the charity's financial records maintained appropriately, is fund accounting carried out correctly – even in the smallest of charities? Do the management accounts provide a suitable basis for the trustees to effectively govern the charity?

Requirements for annual financial reporting include a Trustees Annual Report and Financial Statements. Can the charity take advantage of the simpler Receipts and Payments accounts or are accruals accounts fully complying with the provisions of the Charities SORP required?

Independent Examination

All charities are subject to either an annual audit or independent examination. Consequent Ltd offers independent examination services for charities with income less than £500,000 and not subject to audit requirements.