Charitable Organisations

Germany has an impressive number of charitable organisations. Since over 600,000 clubs and about 23,000 foundations administer EUR 68 billion altogether, this sector plays an important economic and social role. In addition, about 10,000 charitable limited liability companies operate in various industries.

In order to successfully fulfil their missions, charitable organisations must not only comply with rules and regulations but also be able to deal with a high number of additional requirements. Especially in the area of audit, such requirements can be quite comprehensive. These include special civil law requirements, stricter verification and accounting obligations as well as complex accounting regulations and audit obligations.

Mastering the challenges facing charitable organisations

At Nexia we understand the challenges charitable organisations are confronted with and offer the necessary expertise and professional knowledge in the area of audit for you to be able to face them and avoid pitfalls. We are very knowledgeable not only about the tasks and work you have but also about the regulatory environment you are operating in and about the relevant national requirements where you are working.

Our objective is to support charitable organisations so that they can effectively achieve their goals and maintain their financial integrity. With our assistance you can concentrate on your important work and at the same time ensure that all legal requirements are being fulfilled.

Our services for charitable organisations

Of course, we can assist you in all tax matters and offer your company comprehensive audit and assurance services as well.
In addition, we are at your disposal for the following services:

• Auditing and preparing financial statements
• Preparing tax returns including a utilisation of funds statement
• Evidence of funds utilisation, also in accordance with EU Directives
• Designing and drafting statutes and assisting in complex approval processes
• Organising cooperations, spin-offs of facilities or institutions, reorganisations
• Advising on fee negotiations and on profitability calculations
• Representing you at the tax authorities and before the courts