Charity Accounting & Reporting
An Introduction
Charity Accounting & Reporting: An Introduction provides a practical overview of charities in the UK, focussing on their accounting and reporting obligations.
What does it cover?
Charity Accounting & Reporting: An Introduction provides a practical overview of charities in the UK. Written in a user-friendly style and packed full of examples it covers topics including:
- What a charity is;
- Legal structures for charities;
- Charity legislation and regulation;
- The trustee's annual report;
- Fund accounting;
- Receipts and payments accounts;
- Accruals accounts;
- External scrutiny of charity accounts; and
- Taxation of charities.
Perhaps you’re already familiar with accounting and want to know more about the charitable sector or maybe you’re about to start working or volunteering for a charity as a treasurer or trustee – this is the head start you need.
An introductory guide to charity accounting.
Packed full of real world examples
Practical guidance on how to prepare and report on charity accounts.
Structure of the book
The first chapter of Charity Accounting & Reporting: An Introduction explains what a charity is, legal structures for charities, the regulation of charities in the UK and relevant legislation and regulations.
In Chapter 2, moves on to consider the overarching principles of accounting and reporting in charities, including responsibilities, fund accounting and reserves policies.
Next, Chapter 3 explores the requirements for and contents of the trustees’ annual report and accounts including the basis of preparation of those accounts.
Chapters 4 and 5 introduce and examine receipts and payments accounts and accruals accounts respectively. The chapters offer illustrative layouts for the primary financial statements and address how a number of common transactions are accounted for.
Chapter 6 highlights external scrutiny requirements for charities, addressing whether a charity requires its accounts to be subject to an independent examination, an audit or no external scrutiny at all.
Finally, chapter 7 provides a brief introduction to taxation of charities in the UK, highlighting some of the key reliefs and exemptions available as well as exploring the topic of gift aid.
Other Quick Start Accounting books
Audit: An Introduction
UK Accounting & Reporting: An Introduction
Ethics & Corporate Governance: An Introduction