Not For Profit

Trading Charities

We act for a number of charities, who undertake trading activities, and feel that we understand the unique issues that affect them.

Trading can be an excellent method of fundraising, as long as it is carefully planned and thought through. Issues which Trustees never thought they would ever have to deal with, such as VAT, Corporation Tax, retail systems and branch accounts suddenly become a reality.

Connor Warin are ideally placed to advise charities who intend to become involved in trading activities. With significant experience of commercial trading business, yet understanding the needs of charities, we are able to advise on the very best solutions and point out some of the do's and don'ts.

Services that we can offer to your charity:-

• Preparation of Financial Statements
  
• Independent Examiners' Reports
  
• Audit of Financial Statements
  
• Consultancy Advice
  
• Gift Aid Advice
  
• PAYE Advice
  
• VAT Advice
  
• Payroll Bureau Service
  
• Capital Project Planning
  
• Company Secretarial (for charities limited by guarantee)
  
• Business Plans and Forecasts
  
• Advice on Systems and Controls

As part of our audit or independent examination, we will perform a full review of your systems and controls, and offer advice on how to improve them.

Trading can be a taxing issue

There are certain circumstances where profits from the trading activities of a charity can fall under tax legislation.

It is also likely that if trading proceeds exceed certain limits, then the charity will need to register for VAT

Trading, for a charity, can be complex. We are happy to advise you on the issues that need to be considered.