Non-company charities with a gross annual income of less than £500,000 fall below the audit threshold and can use either of our Accruals accounts packs.
For financial years ending on or after 1 April 2009, an audit will be only be needed if gross income is more than £500,000 or where gross income exceeds £250,000 and the aggregate value of assets is more than £3.26m. For financial years ending before 1 April 2009, a lower aggregate asset threshold of £2.8m was applied when income exceeded £100,000.
Our packs provide a template for the layout and content of the trustees' annual report and accounts and can be used where these audit thresholds are not exceeded:
© 2012 Crown Copyright Copyright Notice | Disclaimer and Privacy Statement | Cookies