At Elsby, we understand the importance of a trusted and reliable audit service to protect and encourage the growth of your Charity. While audits are not mandatory for charities, a willingness to undergo one can show a commitment to being transparent and accountable. This can positively influence how benefactors view a cause. Moreover, stakeholders and trustees of not-for-profit organisations can rest easy knowing that donations are properly allocated, accounts are managed well, and there are no irregularities in financial statements. Charity audits play a crucial role in ensuring that charitable organizations operate ethically, manage funds responsibly, and fulfill their missions effectively. Audited financial statements can enhance the credibility of a charity, making it more attractive to donors and stakeholders who seek assurance about the organization’s financial integrity.



How does a Charity Audit work?


  1. Financial Statements Examination: We review your financial statements, including the balance sheet, income statement, and cash flow statement. This process helps ensure that the financial information presented is accurate and reflects your financial position.
  2. Compliance with Regulations: We assess whether the charity is adhering to relevant laws and regulations governing charitable organizations. This can include compliance with tax regulations and specific rules related to charitable activities.
  3. Internal Controls: We examine your internal controls and financial management practices to identify any weaknesses or areas of improvement. Strong internal controls are essential for preventing fraud and ensuring the proper use of charitable funds.
  4. Use of Funds: We evaluate how you use your funds, ensuring that resources are allocated according to the organization’s mission and goals. This is particularly important for maintaining the trust of donors and the public.
  5. Transparency and Accountability: A charity audit promotes transparency by providing an independent assessment of your financial health. This transparency contributes to your accountability to your stakeholders, including donors, beneficiaries, and the public.
  6. Auditor’s Report: At the conclusion of the audit, we issue a report summarizing our findings. This report typically includes an opinion on the fairness of the financial statements and may highlight any areas of concern or improvement.



At Elsby, we don’t just simply carry out an audit, our value-added service see’s us extend our support to help you mitigate risks and find areas for growth and development.


If you’d like to speak to one of our Audit team, get in touch.



Elsby are registered to carry on audit work in the UK & Ireland by the Institute of Chartered Accountants in England & Wales. Elsby and Co is a trading name of Elsby & Co (Sywell) Ltd, registered in England no. 05377378. Director Carl Elsby (ACA).

What our clients say about us

Gina Wood
Dipesh Radia has always been most professional and friendly in his emails and telephone conversations. He is very knowledgeable in all areas of tax affairs. Overall the service received has been of a very satisfactory level. Communication is excellent which is key to maintaining a good relationship with clients
Mark Ellis
Elsby & Co look after all my Tax and accounting needs, both personal and Business, and I am completely happy with the service they provide. In all of my dealings, whether by phone or e mail, I have always found all staff to be extremely pleasant....Polite, capable ,professional and easy to talk to. If I have had any questions or queries, they have always answered them straight away, fully and to my complete satisfaction. Responses to my mails or calls has been virtually immediate. I have every faith in them to always look after my best interests and therefore I would happily recommend Dipesh and the whole Elsby and Co team to my family and friends.
Zane Oliver
I had the pleasure of working with James from Elsby & Co as my accountant, and I cannot recommend him enough. James is an expert in his field, and he provided me with fantastic accounting services that went above and beyond my expectations. James took the time to understand my business and my financial needs, and he provided me with tailored advice and solutions that helped me to improve my bottom line. He is knowledgeable, efficient, and detail-oriented, ensuring that all of my financial records were accurate and up-to-date. In addition to his technical abilities, James is also a pleasure to work with. He is friendly, approachable, and always available to answer any questions I had. He made the often-daunting process of managing my finances a breeze, and I always felt confident that my financial affairs were in good hands. Overall, I cannot recommend James and Elsby & Co enough. If you are looking for an accountant who can provide you with top-notch services and help you to achieve your financial goals, look no further. James is the best in the business, and I guarantee that you will not be disappointed!
Colin Halford
Formerly Trevor Newell Accountants, i was a little apprehensive when i learnt a new accountants would be doing my accounts. Dipesh is now my accountant & after a little misunderstanding on my part probably i am happy with how things work & that he is doing a good job on my behalf & explains things well.
Emma Fletcher
Elsby & Co recently performed an external audit for us for a grant fund claim. The process was simple and efficient and the team were very helpful.
Ben Verinder
Professional. Prompt to respond to queries. Good team and really really useful advice.
Very professional, knowledgable and friendly team, everyone goes above and beyond ! I couldn’t recommend Elsby & Co highly enough !!!
Sam Etemadi
The level of advise, care and professionalism is next to none. Our company, Dr S Etemadi Dental Practice Ltd, has been a client for many years and intends to stay for many more years to come. Highly recommended.
Sam Etemadi
A very big Thank You to Leona, James, Natalie, Sarah, Sarah, Charlotte, Rebecca and everyone else in this firm who are always there to lend a hand when you need advice and help. One of the best!
Nic Brough
Personal tax has become complex for me, and Elsby were able to review my position and do a professional job of filing the return for me, incidentally helping me save some money as well as giving me two days back. Very helpful and friendly, as well as clear and fast.