You will need to have your accounts either audited or independently examined, only if your income for the year is in excess of £25,000. If your charity’s income is below this threshold, then you only need to apply external scrutiny if your governing document requires it.
We can accommodate your audit requirements, but also are experienced in preparing accounts for charities. If you also require some involvement in the preparation of your accounts, please take a look at our accountancy services page.
Income between £25,000 and £1 million
At this income level, you are required to appoint a registered auditor to conduct an independent examination of your accounts. This is not the same as a statutory audit but is often referred to as an audit for simplicity. This is in fact an assurance assignment
We will examine your accounts at a competitive rate and will provide you with an independent examiners report for inclusion in your financial statements.
We have expertise in examining a wide variety of smaller charities, including trusts for sports personalities, overseas aid organisations, religious institutions and a variety of interesting and inspiring causes.
Does your charity require an independent examination? Contact us to request a quote for our services.
Income of over £1 million
If your charity has grown to over £1 million in income, you will require a statutory audit.