Charities & Trusts Accounting

Accounting & Compliance for Charities and Trusts

Charities and trusts operate under unique regulatory frameworks that differ significantly from standard company accounting. CBM Accounting has dedicated expertise in the Charities SORP (FRS 102), Charity Commission reporting requirements, and the specific tax reliefs and exemptions available to registered charities and trusts in the UK.

Whether you’re a small unincorporated charity, a CIO (Charitable Incorporated Organisation), or a charitable company limited by guarantee, we provide tailored accounting and compliance services that meet your specific regulatory obligations.

Our Charity Accounting Services

• Preparation of accounts under Charities SORP (FRS 102)
• Receipts and payments accounts for smaller charities
• Trustees’ Annual Report preparation
• Charity Commission Annual Return filing
• Gift Aid claims and GASDS (Gift Aid Small Donations Scheme)
• VAT recovery for charities (partial exemption calculations)
• HMRC charity tax return filing
• Fund accounting — restricted, unrestricted, and endowment funds
• Independent examination or audit preparation
• Governance and internal controls advisory

Trust Accounting Services

• Trust tax returns (SA900) preparation and filing
• Trust income and capital gains calculations
• R185 certificates for beneficiaries
• Trustee annual accounts and reporting
• Trust Registration Service (TRS) compliance
• Inheritance tax implications and planning

Why Specialist Charity Accountants Matter

General accountants often lack the specific knowledge required for charity compliance. Charities SORP requires a fundamentally different approach to accounting — fund accounting, restricted income recognition, and trustee reporting have no equivalent in commercial accounting. CBM’s specialist team ensures your charity meets every regulatory requirement while maximising your tax-exempt status.