CharityFinancials

What CharityFinancials is

CharityFinancials is web-based accounting software built for UK charities, CIOs, churches, and faith organisations. Its fund accounting tracks restricted, unrestricted, designated, and endowment funds with live balances and an audit trail. Users can tag transactions to projects, set project budgets, and report project income, expenditure, and remaining funds. Reports include SOFA, Income & Expenditure, Balance Sheet, Trial Balance, donor reports, and fund and project reports.

The software supports charity statutory accounts, including the Trustees' Annual Report, an independent examiner or auditor report, primary statements, and SORP notes. It also says it supports iXBRL tagging with the FRC 2025 taxonomy for Companies House and HMRC filing. Bank statements can be imported from CSV or Excel; the small-charity page says there is no direct bank-feed licence. Reports can be exported to PDF and Excel, while management accounts can be exported to MS Word. The maker describes MTD VAT submission to HMRC, but says its HMRC software recognition listing for MTD VAT is pending and alternative filing routes may be used meanwhile.

NfP Accountants Ltd develops and supports CharityFinancials, drawing on its work exclusively with charities and not-for-profits. The product is aimed at UK charities and their accountants, including small charities and volunteer treasurers. The Standard plan costs £25 a month (billed £25 + VAT / month) and includes multi-fund accounting, budgets and budget-vs-actual reports, SORP-aligned reports, MTD VAT, and CSV/Excel bank statement import.

Who it suits

CharityFinancials suits UK charities and their accountants that need fund accounting, project budgets, and charity-specific reports. Its stated audience also includes small charities and volunteer treasurers.

Limits

The listed Standard plan includes multi-fund accounting, budgets and budget-vs-actual reports, SORP-aligned reports, MTD VAT, and CSV/Excel bank statement import. There is no direct bank-feed licence, and the HMRC software recognition listing for MTD VAT is pending; alternative filing routes may be used meanwhile.

Getting started

1. Visit the CharityFinancials website.
2. Use the web platform.
3. Choose the Standard plan at £25 a month (billed £25 + VAT / month).
4. Import bank statements from CSV or Excel, if needed.

Verdict

Choose CharityFinancials if a UK charity needs fund accounting, project costing, and charity-specific reporting. The Standard plan brings those tools together for £25 a month (billed £25 + VAT / month). Buyers relying on direct bank feeds should account for the lack of a direct bank-feed licence, and MTD VAT recognition is pending.