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Finance Services


Islington Voluntary Action Council
322 Upper Street, London N1 2XQ
Tel: 020 7226 4862
Fax: 020 7359 7442
Email: information@ivac.org.uk


What does the finance service do?

The finance team provides a range of services, including payroll, book keeping and accounts, independent examinations, training, advice and finance review.

Payroll: We administer monthly payroll for voluntary organisations unable to fulfil this function for themselves. Our computerised payroll system provides all the necessary printed reports and payslips. We can run the system for you at IVAC or install it in your workplace. See below for further details.

Book keeping and accounts: We can design a manual or computerised system from scratch; keep your books up to date; prepare end of year accounts; and prepare income and expenditure statements, balance sheets and other schedules.

Independent examinations: We can carry out full independent examination of end of year operations for small unincorporated and charitable organisations in accordance with the relevant regulations and legislation.

Training: We provide training courses on payroll, accounts tax, fundraising and much more.

Advice: We can advise on issues relating to accounts, payroll, tax and fundraising, including grant applications.

Finance review: We can support you in reviewing any aspect of your financial system, and make recommendations for changes where necessary.

Charges: Our charges are low, with additional discounts for IVAC members. Your finances may be at risk if you ignore our friendly, good quality and cost-effective service.

Contact: Yaw Brobbey or Yaw Addo on 020 7288 0944 or email yawbrobbey@ivac.org.uk or yawaddo@ivac.org.uk.


Payroll

One of the support services IVAC offers is a Payroll Service. We aim to provide voluntary and community groups with a professional and affordable service that, in addition to processing salaries etc., is committed to the development of good practice in employment.

We have a large pool of personal knowledge and expertise and reference material to draw from. This is regularly updated in line with legislation changes, budget changes and other related issues affecting employers.

WHAT WE OFFER:

  • Monthly payslips and a payment summary detailing all payments and deductions, including payments due to the Inland Revenue.
  • At year-end, completed P14’s/60’s, figures for the Employers Annual Return (P35) and advice on how to complete the form. For an additional charge, we can complete the P35 for you.
  • Advice and support on all aspects of PAYE including registration with the Inland Revenue.

After the initial set up, all you need to do is:

  • Pay your employees
  • Pay the Collector of Taxes (Inland Revenue)
  • Inform us of any changes to the normal pay details

Our service is designed to meet the needs of voluntary and community groups.

We also offer a problem solving and support service to users of our payroll service.

For example:

  • Liaison with the Inland Revenue about specific issues such as over/late payments
  • Supporting Treasurers
  • Record-keeping
  • Absence – SSP/SMP

Charges for this will vary according to the amount of work needed.

If you would like to discuss what the Payroll Service can offer your organisation, please ring Yaw or Yaw on 020 7288 0944, or email yawbrobbey@ivac.org.uk or yawaddo@ivac.org.uk.

 


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