CHARITIES

Operating a charity is a noble endeavor, and XVARO Accounting is here to support you every step of the way. Our expert team understands the unique challenges that charities face and is dedicated to helping you build a solid financial foundation.

CHARITIES continued
TAILORED ACCOUNTING SOLUTIONS

We offer customized accounting solutions that are designed to meet the unique needs of your charity. From setting up your accounting system to managing your finances as you grow, we provide the tools and support you need to succeed.

CLOUD BASED CONVENIENCE

Our cloud accounting services allow you to access your financial data anytime, anywhere. With user-friendly platforms like Xero and QuickBooks Online, you can manage your finances efficiently, giving you more time to focus on your mission.

FLEXIBLE & SCALABLE SERVICES

As your charity evolves, so do your accounting needs. We offer flexible and scalable services that can adapt to your changing requirements. Whether you need additional financial advice or advanced management solutions, we’re here to support you.

CHARITY FORMATION

Setting up a charity involves navigating a maze of regulations and requirements. We advise you on the best structure for your charity, assist with all necessary registrations, including HMRC and the Charity Commission, and ensure all documentation is properly filed so you can get started as quickly as possible.

TAX COMPLIANCE

Navigating the complex tax landscape can be daunting for charities. Let us handle all your VAT and tax obligations. Our experts ensure you remain fully compliant with all tax regulations and charity-specific reporting requirements, such as Gift Aid and tax reliefs for charitable donations, giving you peace of mind.

cash flow management

Charities often struggle with unpredictable funding streams. XVARO Accounting provides detailed cash flow analysis and forecasting, helping you manage donations, grants, and other funding sources effectively. We ensure you have the funds to meet your obligations and support your programs and initiatives.

expense management

Tracking and managing expenses is critical for maintaining donor trust and financial health. XVARO Accounting offers tools and support to monitor and control your expenses, ensuring transparency and accountability. We help you reduce unnecessary costs and enhance financial efficiency.

GROWTH AND DEVELOPMENT

Expanding a charity’s reach and impact requires careful planning. XVARO Accounting assists you in developing and implementing growth strategies, providing the financial expertise needed to scale your operations, engage more donors, and increase your impact.

FINANCIAL PLANNING AND BUDGETING

Effective financial planning is crucial for sustaining your charity’s mission. We help you create realistic budgets and long-term financial plans that align with your goals, ensuring efficient resource allocation and financial stability.

ACCESS TO FUNDING

Securing diverse and sustainable funding is a major challenge for charities. We assist in preparing compelling financial statements and grant applications to attract donors, grant-makers, and funding bodies, increasing your chances of obtaining the necessary financial support.

MANAGEMENT REPORTING

Regular, accurate reporting is essential for transparency and informed decision-making. We provide comprehensive management reports tailored to charity needs, offering insights into your financial health, program efficiency, and overall performance, helping you identify areas for improvement and demonstrate impact to stakeholders.

TRUSTEES’ ANNUAL REPORT (TAR)

Charities are required to produce a Trustees’ Annual Report (TAR) as part of their annual reporting obligations. XVARO Accounting advises you in preparing a comprehensive TAR that meets regulatory requirements, highlights your charity’s achievements, financial performance, and strategic goals. Our expertise ensures your report is accurate, transparent, and compelling for donors and regulators alike.

FAQs

What services does XA offer?

We provide a comprehensive range of accounting services including bookkeeping, tax preparation, payroll services, management reporting, and financial forecasting. Additionally, as management consultants, we offer strategic business advice and planning to help your business achieve its goals.

How can XA help my business?

We can streamline your financial operations through expert accounting services, reduce your tax liabilities with strategic planning, and provide crucial business insights that enable informed decision-making to drive growth and efficiency.

What industries do you specialise in?

We specialise in serving small to medium-sized enterprises across various industries including fintech, technology, gaming, logistics, and manufacturing. Our diverse expertise allows us to tailor solutions specific to each industry’s challenges and opportunities.

How do we ensure security of financial data?

We use industry-leading security measures driven by the cloud based accounting software we use, secure cloud storage, and strict internal protocols to ensure all financial data remains confidential and protected against unauthorized access.

What is the Minimum Contract Term?

Our minimum contract term is one month, providing you the flexibility to try our services and make sure they are a best fit.

Are your accountants certified?

Yes, all our accountants are certified professionals accredited by by the ICAEW. We are an ICAEW registered accounting practise. This ensures you receive services that meet the highest standards of quality and compliance.

How often will we communicate?

Communication frequency can be tailored to your preferences. Typically, we provide monthly reports and are available for advisory calls as needed. You can also take advantage of our 30 minute business advisory calls if this is part of your package or you have included it as an add on.

What are your fees?

Our fees depend on the services selected. We have transparent packages and you can include add-ons as required. You can also benefit from savings when you pay annually.

What is the process for onboarding clients?

Onboarding involves an initial consultation to understand your business needs. We then sign you up to an agreement and transfer you over from your existing accountant if applicable and set you up on our systems and develop the reporting you need.

Is it easy to change accountants?

Changing accountants is straightforward with us. We handle the transition process from your previous accountant, ensuring that it is smooth and that all necessary financial history is transferred accurately.

What makes Xvaro different?

We stand out through our dual expertise in accounting and management consulting. We not only manage your accounts but also provide strategic insights that contribute to sustained business growth.

HOW DO I ACCESS MY FINANCES?

Yes, our clients can access their financial reports through a secure, cloud-based portal that is available 24/7 (through either QBO or XERO), allowing you to keep track of your financial status anytime, anywhere.

How can I contact you?

You can contact us via email or through our website’s contact form. We are ready to assist you with any inquiries or to schedule a detailed consultation to discuss your needs.

karthik@xvaro.co.uk

What accounting software do you use?

We utilise two leading accounting software platforms QuickBooks and Xero, depending on the best fit for your specific business requirements.

CAN XVARO CONSULTANCY SUPPORT ME?

XVARO consultancy can support you by providing strategic business planning, performance improvement insights, and management advice that aligns with your long-term business objectives. We also support businesses in preparing for funding and sale, finance transformation, process review / build and risk management services.