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Accountants for social enterprises across South Wales who reply the same day
Accountants for social enterprises get asked for things a standard practice rarely sees: a funder’s spend report, a community interest report, and income that has to be split by project.
Most directors ring us because a grant report is due on Friday and the bookkeeping does not separate the funding. We agree the fee in writing before we start. Tax investigation cover is included free for every client we act for.
In one lineSupreme Consultants is an AAT licensed accountancy practice in Cardiff Bay that acts for social enterprises and community interest companies across South Wales. It handles CIC accounts, community interest reports, grant spend reporting, VAT and payroll on a fixed fee agreed before work starts, with tax investigation cover included for every client.
Check we’re the right fit
A few questions about your business. Mudassir replies the same working day.
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
5.0 on Google from 14 reviewsReply the same working dayFee fixed before we startEnglish, Urdu, Hindi and Farsi spokenIs your social enterprise in good hands? Three questions.
Answer by button, nothing to type.
Question 1 of 3
Does your accountant reply the same working day?
Do you know your fee will not change this year?
If HMRC wrote tomorrow, would they deal with it at no extra cost?
That is a real gap, and it usually shows up at the worst moment, when a funder or HMRC sets the date. The check takes a few minutes and tells you what is actually missing.
Start the checkYou are in a reasonable position on most of it. There is one piece worth a conversation, and the check will show you which.
Start the checkYou are well served and there is no reason to move. Have a look at the guides if you want to sense check the CIC reporting side.
Read the guidesWhat you get
Tax investigation cover at no extra cost
Other firms sell it as an add-on. We cover it ourselves for every client, and every HMRC investigation we have handled, we have won.
The funder report ready on the day asked
Grant income and spend are coded by project through the year. When a funder asks what their money bought, the answer is already there.
A fee you know before we start
One fixed monthly fee agreed in writing. Calls, meetings and emails are never charged for, so you ask the small questions early.
What directors tell us when they first call
Three things we hear most from social enterprise and CIC directors in Cardiff.
“Our funder wants a spend report by Friday and our books do not split the grant from trading income.”
Two evenings rebuilding a spreadsheet, and a report the funder had to query twice.
“We filed the accounts but nobody mentioned the community interest report until Companies House did.”
A late filing on the public record that every future funder can see.
“I emailed our accountant about the VAT on a grant three weeks ago and heard nothing.”
The return went in on a guess, and the correction cost more than the question would have.
What changes once we take it on
Funding, trading income and restricted spend are coded as they go through, not reconstructed in March. Every deadline for the year is diarised, including the community interest report. You ring us when something comes up and there is no invoice for the call.
How this differs from a general practice
Plenty of good accountants file accounts well and have never touched a funding agreement.
A general high street accountant
Files the accounts and corporation tax
Grant spend pulled together at year end
Calls and emails can appear on the invoice
Tax investigation cover sold as an add-on
With Supreme Consultants
CIC accounts and the community interest report together
Funding coded by project as it goes through
Calls, meetings and emails are never charged for
Tax investigation cover included free
Eight things to check about your own set-up
Answer these honestly before you speak to anyone, including us.
Can you show a funder what their money bought this quarter?
Restricted funding should be coded as it is spent, not sorted out later.
Is the community interest report diarised alongside the accounts?
It is filed with the accounts and late filing sits on the public record.
Do you know which of your income streams carry VAT?
Grants, contracts and trading income are treated differently and the mix changes the answer.
Does your accountant reply the same working day?
A grant deadline does not wait a week for an email back.
Is your fee fixed for the year in writing?
You should know the figure before any work starts.
Have you been billed for a phone call?
If the clock runs on questions, directors stop asking them.
Are directors’ payments and expenses documented properly?
The asset lock makes how money leaves a CIC worth getting right first time.
Would somebody handle an HMRC letter for you at no extra cost?
Cover is included free for every client we act for.
What we do for your social enterprise
The full compliance package in one place, with the CIC reporting handled properly.
All Who we help- CIC accounts and reporting
- Year-end accounts, corporation tax and the community interest report prepared and filed together.
- Grant and funder reporting
- Bookkeeping coded by project and funding stream, so a spend report can be produced the day a funder asks.
- VAT and payroll
- VAT returns on mixed grant and trading income, plus payroll and auto-enrolment for your staff.
- CIC formations
- Setting up a community interest company properly for clients we go on to act for.
- Management accounts
- Regular figures your board and your funders can make decisions on during the year.
What reading your paperwork properly turns up
A Cardiff retail franchisee came to us still paying full business rates through the Covid period. The Welsh relief needed an application to the council and nobody had told him.
Clients described by type. Names withheld.
- How it was found
- We spotted it in the first meeting, reading his rates bill against the Welsh rules.
- What happened
- He got the money back, and we now check local reliefs for every new client before anything else.
Reviews from clients
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
I just want to say a big thank you to Mudassir for all the advice, guidance and help he has provided whilst dealing with my accounts and tax returns. From start to finish the service has been excellent and professional. Unlike other accountancy firms they provide a friendly personalised service, I was very clear on the process and was even provided with additional guidance where needed. Highly recommended!
Friendly, nice 👌 , helpful and great all around
Difficult to describe as there are too many words that can be expressed for a wonderful accountant and their firm.
Definitely 🔝 and highly recommended in Wales 🏴 and throughout the UK for Accountancy and Tax Services
Shaz Khan
How switching to us works
Most of it happens without you doing anything beyond saying yes.
- Before you join
A free introductory chat
Tell us where things stand. If we are not the right fit for your social enterprise, we will say so.
- Week one
Fee agreed and records moved
ID checks done, fixed fee confirmed in writing, and we write to your current accountant for the records. You avoid that conversation.
- First month
Past filings reviewed in detail
We go through your accounts, returns and HMRC record. This is where missed reliefs and appealable penalties usually turn up.
- By ninety days
Every deadline mapped for the year
VAT, payroll, accounts, corporation tax and the community interest report are diarised, and your bookkeeping is set up to track funding by project.
Who we are not right for
We do not act for registered charities.
We do not take on CIS construction subcontractors.
We cannot help if HMRC is already late into an investigation with you.
If none of those apply, run the check and we will tell you where you stand.
Accountants for social enterprises: questions people ask
How much do accountants for social enterprises charge?
We work on one fixed monthly fee agreed in writing before any work starts. It depends on turnover, VAT registration, how many funding streams you track, payroll headcount and the state of the records. We quote after the introductory chat rather than guess. Calls, meetings and emails are never charged for on top.
Can you take over from our current accountant part way through the year?
Yes, and most clients join mid-year. We write to your existing accountant for professional clearance and the records, so you do not have to make that call. We then get authorised as your agent with HMRC and Companies House, handle ID verification where it is needed, and give you a free first month.
What happens if HMRC writes to our social enterprise?
Send it to us the day it arrives and we deal with HMRC directly. Tax investigation cover is included free for every client we act for, where other firms sell it as an add-on. Every HMRC investigation we have handled, we have won. The sooner we see the letter, the more we can do.
Do we have to change our bookkeeping software?
No. We work with what you have, and most social enterprises stay where they are. If you do want to move to Xero, we migrate you free as part of switching and set the coding up so grant income and trading income are separated from the first month.
Do you prepare the community interest report as well as the accounts?
Yes. The community interest report is filed with your annual accounts at Companies House and explains what the company did for its stated community. We prepare both together and diarise the date, so it is not something you find out about from a Companies House reminder.
Do you work with charities as well as CICs?
We do not act for registered charities. We act for community interest companies, social enterprises trading as limited companies and grant-funded organisations across South Wales, from formation through to annual accounts and funder reporting. We founded LedgerUp CIC ourselves, so we run the model as well as report on it.
Three ways to take the next step
Run the check
A few minutes of questions, then we come back the same working day with what we would do and what it would cost.
Start the checkGot a question first?
Ask Mudassir directly and he will answer it, because calls and emails are never charged for.
Ask Mudassir a questionStill deciding
The guides cover CIC accounts, the community interest report and what funders usually ask for.
Read the guides