Independent examination of charity annual accounts.
Your charity’s legal obligations met — in respect of year-end external accounts scrutiny.
The guarantee of fully compliant financial statements for Charity Commission submission.
Thoughtful suggestions on the content of your charity’s Trustees’ Annual Report.
Advice and best practice sharing around internal controls, governance and best practice.
The requirement:
UK law stipulates that the accounts of charities with income of over £25,000 for the year are subject to a form of scrutiny by a third-party.
If gross annual income exceeds £1,000,0000, or income is £250,000 or more and gross assets on the balance sheet exceed £3,260,000 in value, this must be in the form of a full statutory audit by a registered auditor.
Otherwise, subject to there being no audit requirement imposed by a third-party authority or in a clause of the charity’s governing document, in most cases an independent examination is sufficient.
Thoroughfare’s specialist offer:
Thoroughfare offers independent examinations which go beyond legal minimum requirements, delivered by a member of the Institute of Chartered Accountants in England and Wales with over a decade’s experience with the accounts of charities, prepared in accordance with the Charities Statement of Recommended Practice (the ‘Charities SORP’), the receipts and payments format and other frameworks.
So you can be assured your charity’s year-end financial statements are compliant and subject to the required scrutiny.
Ring 0208 159 6911 for free advice on your charity’s accounts scrutiny requirements. Or request a quote using the form below.
Explore Thoroughfare’s useful introductory guidance articles:
A guide to determining your UK charity’s annual accounts scrutiny requirements.
An introduction to UK charity year-end accounts and Charity Commission filing requirements.