Brighton YMCA, a charitable organisation dedicated to supporting homeless individuals in Brighton and Hove, has been audited by Plus Accounting since 2008. With a core mission of providing social housing and additional support to vulnerable people, Brighton YMCA faces complex financial reporting requirements, particularly in complying with social housing regulations.
Challenges and Our Approach
As a long-standing audit client, Brighton YMCA has faced complexities associated with social housing organisations, including specific disclosures required to comply with regulations. Plus Accounting has supplied knowledge to these needs where necessary, helping to deliver a transparent and efficient audit process.
Our audit team work closely with Brighton YMCA’s leadership team ensuring clear communication and collaboration at every stage of the audit. Through Caseware, our cloud- based audit software, we provide a centralised platform for managing audit queries, enabling the client to easily upload documents and track progress in real-time.
Brighton YMCA have recently implemented new rental receipts software. We conducted an on-site visit to their Old Steine location, working directly with the client to understand this system and integrate it into the audit process. This collaborative approach enabled us to make informed recommendations, such as a quarterly review of their bad debt provision to ensure accuracy in their financial records.
Results and Impact
Thanks to our audit recommendations, Brighton YMCA now conduct quarterly reviews of their bad debt provision, ensuring more accurate records of income and helping them manage their financial processes more efficiently. Our proactive advice has supported their financial stability, allowing them to focus on their core mission.
Client Feedback and Ongoing Relationship
Brighton YMCA’s senior management team have expressed satisfaction with the audit services provided by Plus Accounting, particularly our communication and understanding of their operational needs. Despite changes in audit teams over the years, to ensure compliance with regulatory requirements relating to audit independence, Plus Accounting have maintained a strong working relationship, adapting to the evolving demands of their financial environment.
“Plus Accounting has been our trusted audit partner for many years. Their attention to detail, clear communication, and understanding of our unique challenges have been invaluable. Their recommendations have helped us refine our financial practices, ensuring we remain compliant and efficient.”
