When your charity's accountant is so thorough, your stakeholders will feel they're virtually in the same room

Virtual reality is not something you’d expect to be a part of an accountant’s armoury, but when a specialist charity accountant provides your charity with accounts that bring your charity to life, you’ll know by the response you get from your stakeholders, that the information has resonated with them, has been understood, and received well. 

An accountant’s input can vary, so how do you ensure that this is the case? Here are some pointers from one of the sector’s longest serving accountancy firms, Griffin Stone Moscrop & Co. (GSM to its many Not For Profit friends.)…

  • Is there appropriate information on the charity’s funding position and consideration of its sources of income?
  • Is there an appreciation of the financial strategy, income streams, financial controls, risk management and procedures?
  • Is there a well considered reserves policy in place?
  • When scrutiny is at its highest, are they inscrutable, or providing as much transparency as is possible to ensure there is comprehension of the full financial picture?
  • Where multiple charitable activities are involved are they each easily interpreted and an appreciation for the separate resources required in order to achieve the desired return?
  • Access to reliable financial information is essential to give the full picture of the Charity and not confined to an annual exercise, as financial sustainability requires an ongoing management of cash flows, monitoring and reviewing financial performance throughout the year on a regular basis

We understand these issues and many more, giving every good cause good reason to review their current accountancy provision in favour of GSM. To gain more guidance from nearly a century of charity sector accountancy expertise, contact GSM today on 020 7935 3793