Charity law requires all charities with annual gross income in excess of £25,000 to have an external scrutiny of their accounts. Provided a charity is not required by law or its governing document to have an audit then trustees may choose an independent examination, a simpler and less expensive form of external scrutiny.
An independent examination will provide all stakeholders with assurance that the charity’s accounts have been reviewed by an independent person as outlined in a report made to the trustees once the independent examination has been completed.
As a member of the Institute of Chartered Accountants in England and Wales, one of the bodies listed in the Charities Act, Pringle Accountants Limited has the expertise to conduct an independent examination of charity accounts with turnover up to £500,000 (or £250,000 where gross assets exceed £3.26m).
Call Ruth Pringle direct on 07786 156247 or email ruth.pringle@pringleaccountants.co.uk for more information.