0161 341 0368

info@parallax-consultancy.co.uk

Providing financial clarity and direction

Charities do amazing work in delivering services, invariably on a shoestring budget, but can struggle with maintaining financial stability.

Third sector organisations must still operate in business terms when it comes to accounting and financial management and reporting. The nature of their operation, however, means they often feel more of a burden to keep a tight rein on expenditure and manage income effectively, as the majority of revenue is obtained through donations and charitable funding.

In a sector where demand often outweighs supply, it is so important for management to keep a close eye on day-to-day cashflow and forecasts to help balance budgets.

Funding red tape and changes in political circumstances can also add to challenges, and confuse even the most experienced fundraisers and charity managers. Keeping abreast of the changes and ensuring financial obligations are met whilst ensuring services are not compromised can be tricky.

Our specialist training in this arena gives us the experience to help charities with their systems and procedures, ensuring they are applying the appropriate recommended practices and making sure their accounting systems can publish their accounts in the right format. Professional management reporting which is meaningful for the Trustees is vital.

We can help provide a clarity in accounting records everyone welcomes. This often includes implementing effective systems and training staff, before stepping back with a support package once procedures are in place and running effectively, which the organisation is comfortable with both from a practical and financial perspective.

Additionally, our charities have benefited from use of our gift aid tool which supports charities in calculating the gift aid tax they can collect.

Find out how we work with charities and not for profit organisations

Read our latest news

How to protect you and your business from the latest scams

Every business large or small, is susceptible to fraud. It can impact your financial health as well as your reputation, but there are ways you can help safeguard your company. Scammers are experts at impersonating people, businesses and trusted organisations. They may spend hours researching your business for their scam, hoping you will let your

Read more

Five ways to spring clean your finances

Spring is the season of new beginnings and never has that been more true for business than this year. As we emerge from lockdown, businesses are having to embrace new ways of working and many are counting the cost of a bleak 12-months where income fell drastically. Spring 2021 has brought with it a host

Read more

Five ways you can help local businesses

As restrictions are lifted and we slowly emerge from lockdown we would be naïve to think that everything will go back to being just as it was. Local business owners have been through the most disruptive and damaging period that they will probably ever face. Now they have the mammoth task of picking up the

Read more

© 2015 Parallax Consultancy