0161 341 0368

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Providing financial clarity and direction

Parallax Consultancy Ltd brings financial clarity, stability and focus.

Charities and not-for-profit organisations have a huge responsibility to manage finances effectively, with a keen eye on cash flow, expenditure and investments. Robust financial planning to ensure a secure future is essential, but can be tough to administer with constant changes in funding red tape and reporting responsibilities.

Everything you do has to be closely monitored and relayed to Trustees in a clear and concise way.

We are also fully versed in the challenges faced by credit unions.  The rules and regulations that come with financial institution status are far more rigorous than any other not-for-profit organisation and the importance of compliance cannot be overlooked.

We can help you structure your financial systems to best suit your organisation, make commercial decisions that are financially beneficial, and establish procedures that will ensure your finances are always clearly defined and easily manageable.


Our key areas of responsibility include:

Accountancy support Professional services that bring peace of mind

Accountancy support
Professional services that bring peace of mind

Managing the books doesn’t need to be stressful. We appreciate that managers within the third sector aren’t always number crunchers, and the necessary paperwork and financial reporting that has to be done can be a source of anxiety that you just don’t need.

Whether you need help with setting systems and procedures that facilitate financial reporting, guidance and support to manage the accounts yourself, or a full service of account preparation, we can help.

We can undertake the full range of accountancy services on your behalf, including:
Payroll, bookkeeping, accounts production, VAT, tax returns, financial services, Compilation of Trustee reports

Peace of mind where finances is concerned is so important. As approved agents for HMRC, we can guarantee your tax returns and end-of-year accounts will be filed accurately and efficiently, ensuring compliance with regulations.

Should you wish to have more involvement in the management of your finances, we are adept at explaining things in a simple, concise way, helping you better understand and administer your own accounts and take control of your financial destiny.

Business planning Helping you see the way forward - and get there!

Business planning
Helping you see the way forward – and get there!

Structured business planning, with a clear focus on financial goals, is as essential in a charity or not-for-profit organisation as it is in a private company. Planning for continued sustainability and identifying opportunities for development are key factors in a charity’s survival.

Our expertise lies not only in recording the numbers, but in interpreting what they mean.  We support managers in identifying areas for financial improvement and implementing changes across an organisation that will bring fiscal benefits.

We can work closely with you to set targets, create a working business plan that is realistic and achievable, measure your progress and ensure you realise your goals.

This includes helping you structure your financial systems to best suit your organisation, make commercial decisions that are financially beneficial, and establish procedures that will ensure your finances are always clearly defined and easily manageable.

Management accounting and accounting for decision making Because knowledge is power

Management accounting and accounting for decision making
Because knowledge is power

Effective budget monitoring is essential to help you make better decisions, identify potential problem areas and overcome barriers to taking financial responsibility.

We have developed and implemented effective budget monitoring systems within charities and not for profit organisations, improving the financial control and decision making processes.

Financial transformation Implementing positive change

Financial transformation
Implementing positive change

We can help you assess your income and expenditure and put strategies in place to boost profits and reduce costs.

Effective cost evaluation, identifying potential savings and re-shaping services to ensure cost-effective delivery, can have a huge impact on an organisation’s accounts and can contribute to providing a secure financial future. As part of short, medium or long-term financial planning, we can help you identify changes that will positively impact your budgets. Our experience and support can be invaluable in driving and implementing positive change.

Governance - Ensuring your rules are accurate and fit for purpose

Governance
Ensuring your rules are accurate and fit for purpose

Governance arrangements are often out of date. We support organisations through a consultative process in reviewing, revising and implementing workable solutions.

We do this by leading organisations in making the most of their resources by providing clear frameworks for financial delegation, robust financial regulations and procedures which are then underpinned by effective commissioning and purchasing frameworks.

Financial Training Feel confident about financial management

Financial Training
Feel confident about financial management

Experience has taught us that managers often want to be more heavily involved in managing an organisation’s finances, but are not always confident with budgets and figures.

The success of organisations can hinge on the financial competence of decision makers, as every decision has an impact on the accounts.  We aim to improve awareness of the relationship between service operations and finances, to help managers make informed and economically sound choices.

Our support, offering practical financial training and coaching, can boost confidence and empower managers to take control of financial planning and management.

We can also provide selective training aimed at specific members of staff within an organisation who are part of the operational finance structure.

Read our latest news

Partnering with credit unions

Is there more room for partnership working to facilitate an improvement to the financial inclusion agenda? The Welsh Government promoted credit unions with strong advertising campaigns and asked organisations to partner with them, but no such political activity has been as strongly evident in England where membership levels in credit unions are still lower than

Read more

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