A charity must maintain accounting records.
A charity must prepare annual accounts.
A charity must make their annual accounts available to the public on request.
A charity must record the name under which it is registered, if appropriate, and any other name which it uses.
A charity must record the address of its principal office.
Many charities have a duty to file accounts and an annual report with the Charity Commission if their gross income exceeds £25,000.
Most non-company charities with a gross income of £250,000 or less may prepare their accounts on a receipts and payments basis.
Most charities with a gross annual income in excess of £25,000 are required to have their accounts independently examined or audited.
An audit will usually be required if the gross annual income exceeds £1,000,000.
An audit may be required for other reasons – for example it is specified in the trust deed.
If you consider we may be able to assist you in operating your charity please contact us for a no obligation meeting.
Richard Jeffreys, Senior Audit Manager