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CharityFinancials
What it is
CharityFinancials is paid web-based accounting software for UK charities, CIOs, churches, faith organisations, and their accountants. Its fund accounting tracks restricted, unrestricted, designated, and endowment funds with live balances and an audit trail. Users can assign transactions to projects, set budgets, and report project income, expenditure, and remaining funds. Reports include SOFA, Income & Expenditure, Balance Sheet, Trial Balance, donor reports, and fund or project reports. The statutory accounts module covers trustees’ annual reports, examiner or auditor reports, primary statements, and SORP notes. The product says it supports iXBRL tagging with the FRC 2025 taxonomy for Companies House and HMRC filing. Bank statements import from CSV or Excel, while reports export to PDF and Excel and management accounts to Word. MTD VAT recognition is pending, with alternative filing routes noted. The Standard plan is £25 a month, billed at £25 plus VAT monthly.
For and against
For
- Tracks four fund types with audit trail
- Project budgets and remaining-fund reports
- SORP-aligned statutory account coverage
- CSV and Excel bank imports
- PDF, Excel, and Word exports
Against
- Paid Standard plan
- No direct bank-feed licence
- MTD VAT recognition listing is pending
- Web platform only
The verdict
CharityFinancials focuses on UK charity fund accounting, project control, reporting, and statutory accounts. Prospective users should consider the pending MTD VAT recognition and bank-import method.
Who it suits
It is aimed at UK charity finance teams, accountants, small charities, and volunteer treasurers needing fund and project accounting. Web access supports reporting and statutory account preparation.
Plans and prices
Standard
Multi-fund accounting · budgets and budget-vs-actual reports · SORP-aligned reports · MTD VAT
Read 9 Oct 2026 · charityfinancials.uk
On the record
- Bank imports
- Bank statements can be imported from CSV or Excel; the small-charity page says there is no direct bank-feed licence.charityfinancials.uk · read 9 Oct 2026
- Charity reports
- The software includes SOFA, Income & Expenditure, Balance Sheet, Trial Balance, donor reports, and fund and project reports.charityfinancials.uk · read 9 Oct 2026
- Exports
- Reports can be exported to PDF and Excel, and management accounts can be exported to MS Word.charityfinancials.uk · read 9 Oct 2026
- Fund accounting
- It tracks restricted, unrestricted, designated and endowment funds with live balances and an audit trail.charityfinancials.uk · read 9 Oct 2026
- Integrations
- The maker describes MTD VAT submission to HMRC and CSV or Excel bank statement imports; it does not name other integrations on these pages.charityfinancials.uk · read 9 Oct 2026
- Intended users
- The product is aimed at UK charities and their accountants, including small charities and volunteer treasurers.charityfinancials.uk · read 9 Oct 2026
- iXBRL
- The product says it supports iXBRL tagging using the FRC 2025 taxonomy for Companies House and HMRC filing.charityfinancials.uk · read 9 Oct 2026
- Project costing
- Users can tag transactions to projects, set project budgets and report project income, expenditure and remaining funds.charityfinancials.uk · read 9 Oct 2026
- Purpose
- CharityFinancials is accounting software built for UK charities, CIOs, churches and faith organisations.charityfinancials.uk · read 9 Oct 2026
- Security
- The homepage describes the product as an all-in-one secure platform designed for UK charities and their accountants.charityfinancials.uk · read 9 Oct 2026
- Statutory accounts
- Its statutory accounts module covers the Trustees' Annual Report, independent examiner or auditor report, primary statements and SORP notes.charityfinancials.uk · read 9 Oct 2026
- Support
- The software is developed and supported by NfP Accountants Ltd, a UK practice that works exclusively with charities and not-for-profits.charityfinancials.uk · read 9 Oct 2026
- VAT status
- The features page says the HMRC software recognition listing for MTD VAT is currently pending and alternative filing routes may be used meanwhile.charityfinancials.uk · read 9 Oct 2026
