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TESTIMONIALS

John has guided me over many years from the heady and carefree days of being a Sole Trader, through the pitfalls of Partnerships to the rather more serious and grown up world of Limited Companies. To say that accounting can be fun is perhaps going a bit too far, but he and Caladine have made the accounting and taxing process easy to understand, and exceptionally painless. Honesty and Confidentiality are two of the many qualities I have experienced with them over the last 15 years. And if you get him in a good mood, he’ll even buy you lunch. What more could you ask from an accountant?

Dave Cooke of D & T Cooke Ltd

"CCLI has worked with Caladine since 1991, during this time CCLI has seen substantial growth both in the UK and throughout Europe. The support, advice and attention to detail that Caladine gives is outstanding. We are grateful for their input and see our working relationship as a "partnership" within our ministry."

Andy Bodkin of CCL

In our long association, John and his team have not only provided a professional, efficient, ethical and reliable service, but added to it a level of personal care and commitment that is rare and refreshing in the world of business.

Graham Kendrick, Makeway Music

Since he began his practice John has been our Accountant on personal, corporate and charity matters. We commend his insight, wisdom and advice. He brings a human perspective to a technical profession.

Geoff Booker of Quicken Trust

Caladine are what every business needs along with a friendly bank manager - an extension to your business taking the stress out of all the red tape that government has created and letting us get on with the work. We really appreciate having Caladine as our accountants

With very kind regards

Chris Powell of Verite CM

John has been dealing with my accounts for over ten years now, and he and his team have been efficient, helpful and reliable throughout. I warmly recommend them.

Stuart Townend, Songwriter

“It has been a joy to work with John from the early stages of thinking about setting up the UK’s first beach sports centre through to achieving our dream. It would not have happened but for his encouragement and advice.

At all times I have found John and his excellent team of staff to be professional, supportive and reasonable with their charges. Despite having moved from Eastbourne to Brighton I have not hesitated in continuing to work with Caladine.

I would be very happy to give a reference if any potential clients would find that helpful”

Alan Randall
Director
Yellowave Ltd

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CASE STUDY

We recently took over the auditing, accounting and taxation affairs of a Charity. This Charity also had a separate trading subsidiary Company.

Our initial review highlighted the following areas of concern:

Neither the main Charity or the subsidiary Company were registered for VAT. However, the trading subsidiary had a number of Charity Shops where they sold donated goods – the turnover of these was in excess of the VAT registration threshold. The sale of donated goods is zero rated for VAT purposes and therefore VAT registration was necessary. The problem being of course that the trading subsidiary had other sources of income which could be classified as standard rated – not much, but because VAT registration was now needed this income would become subject to tax, in effect the trading subsidiary would lose part of its income.

The solution we offered was to move the standard rated income of the trading subsidiary back into the main Charity. This standard rated income was below £50,000 per annum and therefore would not cause the main Charity any problems with the Charity Commission from a trading perspective.
Charities can have up to 25% of their incoming resources from trading activities to a maximum of £50,000 per annum.

With Charities and trading subsidiaries it is always very important to look at the various sources of income and consider not only the trading issues but also the VAT issues. Careful planning and rearrangement can often mitigate any potential liabilities or problems arising.

A further area we considered for this Charity was Gift Aid. They were not aware that it is possible to claim Gift Aid relief on donated goods. There is obviously paperwork involved, but done correctly, with the consent of the donor any money raised from donated goods can be subject to Gift Aid enabling the Charity to reclaim a further 25p in the £1 (currently 28p in the £1).