Client is a Not For Profit company. The yearend is 31 December.
They are expecting to be registered as Charity by the end of March 2016.
Am I correct in thinking that Charity status would trigger a new financial year? Should we extend the 31/12/15 year to 31/3/16, and prepare 15 month accounts to 31/3/16?
Then start afresh in Sage from 1/4/16, as a charity?
What's the best way to deal with this?
Thanks in advance for your help.