Finance Matters

This section highlights the Community Accountancy Project which offers finance advice and verification of accounts to voluntary and community groups. There are also finance guidance notes for voluntary groups and how to access GVOC’s payroll service.

Finance guidance notes
Financial training
Payroll service

Community Accountancy Project (CAP)

This has been a busy year and services being delivered by the Community Accountancy Project are:

• Financial Health Checks.

• Help with financial systems, particularly for new organisations, or one that has grown quickly in size, and needs a robust financial system to reflect this.

• Budgeting/cash-flows – usually needed in the first instance for a funding bid.

• Monitoring of the above.

• Financial training in conjunction with the Capacity Building project.

• Inland Revenue queries and Payroll in conjunction with IT Officer, Colin Bell.

• Computerised accounts.

• Information Sheets – both hard copy and via the website.

• Reporting and returns for outside organisations such as the Charity Commission and HM Revenue and Customs.

• Year end accounts and Independent Examinations.

Some of the services offered will have a charge (we try to keep this as low as possible), and these are as follows:

Provision of book-keeping services if required

Independent Examination of Accounts

Accredited Training

We hope to continue supporting groups, both old and new, and will be looking in particular at the impact the new Fraud and Anti Money Laundering regulations will have on the sector, along with changes to the Charities Act and Companies Act and the new Charitable Incorporated Organisations.

If you have any particular requirements or ideas about what you would like to see provided please contact me.

Please click link for CASNews.

Financial training
GVOC regularly runs training – from the Accredited Course ‘Book-keeping and Financial Management for the Not-For-Profit Sector’ to one day sessions.

Finance guidance notes

Bank Reconcilliations

Choosing and Using a Bank
Computerised accounts
Employed or self-employed
Financial diary

Financial health check

Legal Structures and Registration Requirements
Mileage rates

Quick Guide to Annual Accounts
Reserves

Payroll

Because we have many years of experience in working with both voluntary sector organisations and individuals in receipt of direct payments we understand your needs and our knowledgeable and helpful staff are just a phone call away to offer support and guidance for those who sign up for this very competitively priced service.

Our friendly team will work with you to develop services to suit you, provide easy to understand reports and ensure that wages are calculated correctly.

• We calculate what Tax & N.I. needs to be paid to Inland Revenue
• Ensure that all statutory payment regulations are adhered to
• Complete all year end tax returns and issue P60’s
• Issue P45’s to staff who leave your employment
• Deal with all enquiries, alterations and amendments
• Ensure compliance with HMRC rules and regulations

Using our payroll service allows you to save time to spend on other elements of your work and takes the headache out of payroll.

NJC Pay Scales 09/10 in pdf format.

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