RBK participate annually in the Good Governance Awards and are delighted to help improve governance in the sector via our participation on the technical judging panel. This panel of industry experts are involved in reviewing and assessing annual reports from across the sector and recommending them for shortlisting at the prestigious awards night which takes place at the end of Trustee Week each November.
Audit & Financial Reporting
Our experienced audit team leverage from their many years of auditing experience to tailor the audit to the specific risks that are unique to the sector. While statutory requirements guide our audit approach, we go beyond compliance to deliver meaningful insights and practical recommendations that add real value to your organisation.
Our audit and financial reporting services include:
- Access to experienced professionals with specialist expertise in the charities and not-for-profit sector
- Independent, partner led audit services delivered by a team of accountants that have experience in the sector
- Preparation of your financial statements in accordance with the Charities Statement of Recommended Practice (SORP)
- Advice and guidance in relation to reserves management including the designation of reserves and the disclosures of same.
Our team combines a collaborative and approachable style with the highest standards of professionalism and technical excellence.
Internal Audit
Strong governance and robust internal controls are essential for charities operating in today’s increasingly regulated and transparent environment. While not a current regulatory requirement, many organisations in the sector are embracing internal audit as a way to provide added assurance that internal controls are robust and fit for purpose.
At RBK, our in-depth knowledge and understanding of the Charity and Not For Profit sector means that we are well positioned to provide a practical risk-focused internal audit service that provides independent and objective assurance to your Board and senior management.
Our internal audit team services include:
- Assessing your internal audit requirements
- Developing a tailored, risk assessed and strategically focused internal audit plan
- Delivering a fully outsourced internal audit function
- Generating your internal audit policy and charter
- Providing clear, concise and actionable reporting
- Focusing on key risk areas and regulatory priorities
- Advising on sector best practice.
Trustee and Senior Management Support
Your board or trustees holds ultimate responsibility for ensuring that your organisation demonstrates compliance with the governance code and has appropriate governance structures. Our team will leverage its knowledge of best practice governance arrangements to support you in the following ways:
- Advice and assistance to either create or review your Mission Statement and embed it in your organisation
- Providing guidance on how best to meet your legal and ethical obligations including compliance with the requirements of the Charities Act, Charities Regulatory Authority requirements, Code of Good Practice for Fundraising, Financial reporting and other relevant guidelines and best practice
- Guidance and support in devising a risk management framework including developing a risk register and risk appetite statement
- Supporting your Chief Executive to achieve your organisation’s strategic goals
- Advising on effective financial and strategic planning
- Monitoring your charity’s financial performance against budget and providing accurate up to date financial information
- Advice and guidance in the preparation of your Directors/Trustees Reports
- Support in the development of policies and procedures
At RBK, adding value is a key a part of what we do. With impending changes in the charities sector, we keep our clients informed. If you would like to join our mailing list and/or to discuss how RBK can assist your organisation, please contact a member of our team.
Outsourced Accounting Services and Payroll
Many organisations find that managing financial reporting and compliance requirements is challenging and places a lot of demand on internal resources.
RBK’s outsourced accounting solution provides flexible, cost-effective support tailored to the specific needs of your charitable organisation. Whether you require full finance function outsourcing or targeted support in areas such as bookkeeping, management accounts, payroll, budgeting or SORP-compliant financial statement preparation, our experienced team integrates seamlessly with your team.
We deliver timely, accurate financial information to support informed decision-making, ensure regulatory compliance and strengthen financial governance. This allows your team to focus on delivering your charitable mission with confidence.
With ongoing changes in payroll legislation, keeping up to date can be challenging and place significant demands on resources in terms of processing payroll and maintaining the appropriate records. At RBK, our payroll team has man years’ experience supporting all business types with weekly and monthly payrolls.
HR
Our dedicated HR team has assisted many organisations within the charity and not for profit sector. Their extensive experience in the areas of organisational design, compensation and benefits, performance management, employee engagement, and recruitment allow our team to design practical, solution orientated services that meet your specific requirements.
Whether you need to engage our team for ongoing support via our HR Helpdesk or need assistance with a specific HR consultancy piece of work, or team are personable and practical which gives you confidence that your organisation is protected.
