Accounting Activities in London
27 Netherford Road
NfP Accountants offers a full range of accounting services for small charities and social enterprises. Every organisation is unique, and their needs can change from time to time. With NfP Accountants, you have total freedom in choosing the services that meet your needs.
Basic management information
NfP Accountants appreciates that “small does not mean simple" when it comes to financial management for small charities and social enterprises. They often have to deal with the same financial management & reporting issues as their larger counter-parts: from dealing with fund analyses, contract income, VAT regulations, and sometimes, trading subsidiaries. Therefore NfP Accountants' approach is to take every opportunity to provide value added services for small charities and social enterprises.
There are some key differences in financial management for the charity sector compared to other sectors. Small charities often struggle with the sector-specific nuances e.g. in relation to restricted and designated funds, and will often rely on volunteers, trustees, and staff from other sectors, who will find these very challenging. The result is that financial management can become too removed from the primary objectives and operations of the charity.
Thankfully, NfP Accountants has a solution. A specialist finance director support without having to bear the huge cost that would otherwise come with this.
Our approach to financial management
NfP Accountants aims to embed financial procedures that are integrated in the operations of the organisation to help it achieve its objectives. We can achieve this through:
Understanding the organisation's objectives and priorities;
Mapping and understanding existing processes, even if this is as simple as a manual ledger book;
Identifying any gaps and opportunities for doing things better or simpler;
Working with staff to develop new processes if needed; and
On-going review and monitoring to ensure these continue to be fit for purpose as the organisation grows.
With this approach, we can offer unprecedented support for small charities and social enterprises, helping management make decisions that are based on timely accurate financial information.
For the non-accounting staff, reading financial documents can be a daunting experience. This is not helped by the various nuances that are specific to charity accounting and financial management. Therefore from time to time, NfP Accountants delivers charity finance training for non-accounting staff to help them better understand the finances of their organisations.
An online version of that training will be made available below for download.
In the meantime, we are building something of a mini-dictionary that non-accounting staff may find useful. Our “Glossary: a lay person's version of charity accounting terms" will help you decipher some of those technical terms.
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Specialist charity bookkeeping, including: setting up tailored bookkeeping systems for efficient internal and external reporting; Error-free bookkeeping; restricted funds tracking; project costs tracking; functional costs tracking.
Price: Fixed monthly prices from £20 p.m.
Independent examination for small charities - this option can be significantly cheaper than an audit. NfP Accountants also offers internal audit for charities which seek to improve their internal controls, and helps with systems set up and improvements.
Price: Fixed prices agreed in advance
Jargon-free management accounts with commentary; attendance at board, staff, & donor meetings; financial planning - including budgeting and cash forecasting; statutory compliance - including statutory accounts and charity VAT; and donor/grant management.
Price: Fixed prices agreed in advance
Charles has audited my client OBV's work for the past 4 years and has been unfailingly helpful, polite and produced quality work to the deadlines we have negotiated way ahead of time.Louise
Alexander, former Finance Director at Operation Black Vote.
As a Treasurer of Colombian Caravana UK Lawyers group I have had a very professional service provided by Charles Ssempijja whilst preparing annual accounts twice. The auditing services were to the highest professional standards, the advice and help our charity received is invaluable and were tailored to the specific needs of our charity. I have no hesitation in recommending Charles Ssempijja and his company as auditors to all charities. All our needs and specific nature of charity activities were taken into account and the Board of directors expressed twice special thanks to Charles for assistance and professionalism. Furthermore, Charles demonstrates compassion and understanding of the charitable activities, aims, goals and objectives that makes the whole experience extremely pleasant and accommodating.
Sasha (Alexandra) Zernova, Director/Treasurer of Colombian Caravana UK Lawyers Group.
Island History Trust has worked with Charles on our Annual Report and Accounts for the past four years and we have nothing but praise for his courtesy, his efficiency and his prompt attention to our requirements at all times. When he first dealt with our records, he very quickly grasped the nature of our work and the way we operated. He has been very patient in helping us to update our accounting methods and thus giving us a better operating system throughout the year. When it came to preparing the Accounts, Charles gave us his full attention and was meticulous in dealing with any queries and apparent inconsistencies that arose. The procedure of preparing the Annual Report and Accounts properly and on time can be difficult as well as time-consuming for small organisations. It is no exaggeration to say that having Charles on board has transformed the experience into one which we can look forward to with confidence
Eve Hostetller, Curator at Island History Trust.
Testimonials are added by the business owner and are not independently verified.