Not for profit and charities

This category supports charity trustees and finance leads with clear, practical guidance on charity finance. We explain Charities SORP (FRS 102), restricted and unrestricted funds, independent examinations, Gift Aid, VAT, and governance responsibilities. Our blogs are written for real charities, helping trustees meet their legal duties, improve financial oversight, and run their organisations with confidence.

What Is the Difference Between an Independent Examination and an Audit?

Unsure whether your charity needs an independent examination or a full audit? While both involve an external review of your accounts, they are very different in scope, cost, and legal requirement. This guide explains the difference in plain English, outlines the income and asset thresholds, and helps trustees understand which option is right for their charity.

Skyrock Accountants

1 day ago3 min read

When Should a Charity Recognise Income under the Charities SORP?

When should a charity recognise income in its accounts? This article explains how the Charities SORP requires income to be recognised, using clear examples for donations, grants, and fundraising income. Ideal for trustees and finance officers who want to stay compliant without getting lost in technical jargon.

Skyrock Accountants

1 day ago3 min read

How to Manage Cash Flow: Tips for Small Businesses

Cash flow is one of the most common challenges facing UK businesses — and one of the main reasons many struggle or fail in their early years. At Skyrock Accountants, we often see businesses that are profitable on paper but still under pressure because cash isn’t coming in at the right time. Managing cash flow well isn’t about complex spreadsheets — it’s about visibility, discipline, and forward planning. Here’s how to manage cash flow properly and keep your business in contro

Skyrock Accountants

Jan 143 min read