Charities & Non-Profits + Self-Assessment Tax Return: The Challenge
As charity, preparing bank statements for self-assessment tax return is a common but time-consuming task. Self-assessment requires reviewing a full year of bank transactions to identify income, allowable expenses, and taxable events. Doing this manually from PDFs takes hours.
How BankScan AI Helps Charities & Non-Profits with Self-Assessment Tax Return
Make bank statement reconciliation simple for volunteer treasurers. Upload statements, get clean spreadsheets for your financial reports. For self-assessment tax return specifically, BankScan AI extracts Self-employment income, rental income, interest earned, dividend receipts, allow automatically.
How Charities & Non-Profits Handle Self-Assessment Tax Return
When preparing bank statements for self-assessment tax return, charities & non-profits need to Charity treasurers collect bank statements monthly, reconcile them against donation records and grant income, allocate expenditure to restricted and u. BankScan AI automates the data extraction step.
Key terms you'll encounter: restricted funds, unrestricted funds, fund accounting, Charity SORP.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload Full tax year (6 April to 5 April), so 12 months of statements of statements for self-assessment tax return.
AI extracts what you need
Our AI extracts Self-employment income, rental income, interest earned, divi — formatted for charities & non-profits workflows.
Complete your self-assessment tax return work
Download Excel files ready for self-assessment tax return. Transactions categorised by SA100 box number or trade income/expense type; annual totals per category for direct entry into tax return
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Charities & Non-Profits — Self-Assessment Tax Return
- Built for Charities & Non-Profits — Saves volunteer treasurers 2-3 hours per month on bank reconciliation, reducing reliance on accounting expertise that small charities often lack
- Software compatible — Output works directly with Xero, QuickBooks, LibreOffice Calc
- Built for Self-Assessment Tax Return — Convert 12 months of bank statements to Excel in minutes. Filter, sort, and categorise transactions to identify income and allowable expenses for your SA100.
- Key data extracted — Self-employment income, rental income, interest earned, dividend receipts, allowable business expenses by category, capital gains proceeds
Compliance: Charities & Non-Profits + Self-Assessment Tax Return
When charities & non-profits prepare bank statements for self-assessment tax return, specific compliance requirements apply.
- Charities with income over 250,000 GBP must have accounts independently examined or audited. The Charity Commission requires annual accounts and returns, and SORP (Statement of Recommended Practice) governs how charity accounts are prepared. Fund accounting rules require income to be tracked against specific restricted funds.
- Legal basis: Taxes Management Act 1970 sections 8-12; HMRC record-keeping requirements under SA BK3 guidance
Self-Assessment Tax Return — Built for Charities & Non-Profits
Paper returns due 31 October, online returns due 31 January following the tax year; late filing triggers automatic penalties starting at 100 GBP
Try Free — Charities & Non-Profits + Self-Assessment Tax Return