• Accountancy

Accountants to the Voluntary Sector including charitable and not-for-profit organisations usually have specialist qualifications to understand the different rules and regulations.  The voluntary sector is governed by different legal obligations to profitable organisations and hence requires specialist aid.

Accountants to the voluntary sector will work from a set of guidelines known as SORP 2005 or The Statement of Recommended Practice.  This documentation details the different taxation laws the voluntary sector must work under.  The specifically trained accountants to the voluntary sector help charities and not-for-profit organisations to spend their funds appropriately and in line with the strict regulations.  Their knowledge of these guidelines will also aid the voluntary sector in compiling the reports for their annual accounts, which are required by law.