Charities and non-profit organisations that do not require a full statutory audit may need an independent examination of their accounts instead. This is a requirement of the Charity Commission for England and Wales for charities above a certain income threshold.
Who Needs an Independent Examination?
- Registered charities with gross income above £25,000
- Community Interest Companies (CICs)
- Clubs and associations with member funds
- Non-profit organisations required by their constitution
What Is Included
- Review of the accounts and supporting records
- Written report to the trustees
- Filing support with the Charity Commission