Charities in the UK need to comply with all the UK Charity Commission regulations, which include audits. However, not all charitable companies are required. It’s only mandatory for larger organisations (i.e., with gross income over £1 million). If your registered charity is considered a “small company,” you are usually exempt.
But even when you are exempt from charity audit requirements, getting an independent examination is highly advisable. An audit report is proof that you care about showing you are responsible and ethical when it comes to managing charitable funds, boosting confidence in your stakeholders and the public. Our team of chartered accountants in London has got your back, from audit and taxation to complete business advisory.
We offer comprehensive tax, accounting, financial, and business advisory services, not just audits. But we also know that when it comes to charity auditing, choosing just any auditors may do more harm than good. You need a chartered accountant who has deep expertise in conducting financial audits, especially for the not-for-profit sector. Legend Financial, operating alongside our very own UK non-profit organisation, is your go-to partner for charity audit services UK.
Not always. It depends on your charity’s size. Bigger charities in England and Wales (over £1M income, or £250K+ income and £3.26M+ assets) usually need a full audit. Smaller ones might get by with an independent examination.
An audit provides a deep, comprehensive financial check, giving high assurance, whilst an independent examination is a lighter review for smaller charities to meet basic compliance requirements.
A charity audit is an independent review of your charity’s finances and controls. It ensures transparency, confirms funds are used ethically, and helps manage risks.
A full charity audit must be done by a registered auditor. For independent examinations, they need to be independent and competent, often from a recognised accountancy body, ensuring financial stability.
UK charities must comply with regulatory requirements, especially by the Charity Commission. This means your trustees ensure transparency, manage finances properly, submit annual reports, and get audits or examinations.
We provide services to our clients based on the principle of honesty, sound knowledge, reliability, and integrity, assuring the best quality and relevant advisory to our clients’ individual and business tax needs.
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