As a charity you’ll know that if you have your own in-house book-keeper or accountant that it’s necessary for an independent review of charity accounts to be held regularly. This independent scrutiny enables the public to maintain confidence in the work done by the charity and is a requirement of charity law.
There are too ways that that this independent review of the accounts can take place; a full accounting audit or by Independent Examination.
As long as a charity is not required by law or its governance documentation to have a full audit of its accounting then trustees may elect for the second and less expensive form of scrutiny.
The work undertaken as part of the independent examination is set out in the Directions made by the Charities Commission and there is a specific requirement around the content of the report that will be produced which is set out in the 2008 Regulations. Compliance with the regulations and the Directions are mandatory and apply to examinations of both registered charities and those charities currently excepted from registration.
First Call can do this for you, with one of our staff being an associate member of the Association of Charity Independent Examiners. What’s more, because we’re keen to meet our corporate social responsibility by giving back to society, we keep our costs down to and provide this service to charities at a fraction of the cost of other accountants.
Need a Hand?
More information about independent examination can be found on the Charity Commission website here
Alternatively, give us a call on 0117 379 0810 and we can explain the requirements in further detail and provide an independent examination of your Charity accounts at a very competitive price.