Which charities are eligible for Independent Examination? |
In England and Wales Charities with (a) annual income not exceeding £1,000,000; and (b) gross assets not exceeding £3,260,000, must have an independent examination (unless an audit is required for some other reason). Note: Charities with an income not exceeding £25,000 are not required by law to have an Independent Examination, but may elect to do so. Click here to download our thresholds charts for England & Wales In Scotland Charities with (a) annual income of less than £500,000; and (b) gross assets not exceeding £3,260,000 must have an Independent Examination (unless an audit is required for some other reason). Click here to download our thresholds charts for Scotland In Northern Ireland For accounting periods beginning on or after 1st January 2016, charities with an annual income of less than £500,000 must have an independent Examination, unless an audit is required by the governing document, another enactment, a funder, or for any other reason. Click here to access threshold guidance for Northern Ireland |