Audit

If you are a charity with gross income of more than £500,000 per year and/or gross assets in excess of £3.26 million you will need an audit. If you are a charity with gross income of more than £100,000 per year you will need an independent examination of your accounts. An incorporated charity with a turnover of £90,000 requires a compilation report. The latter two are not as detailed as an audit, but do require more than just the putting together of the accounts.

Sometimes Charities have the skilled volunteers or paid staff to produce accounts in the appropriate format, however, the audit must be carried out by a registered auditor who have no links with the Charity concerned. Similarly, an independent financial review must be carried out by an independent person with the requisite skills.

We can provide all of these services.