If your charity’s income is over £25,000, trustees must arrange for an independent person or accountancy firm to carry out an audit or independent examination of the charity’s accounts.

The purpose of this is to give the charity’s trustees, supporters, beneficiaries and the wider public, some independent assurance that the charity’s money has been properly accounted for. The trustees of most charities are able to choose to have an independent examination instead of an audit. Independent examination is a ‘light touch’ scrutiny that usually costs less than an audit.

To help trustees, the Charity Commission has updated their guidance: Independent examination of charity accounts: guidance for trustees (CC31), to make it easier to read and more accessible.

This guidance will help you appoint an independent examiner with the ability and practical experience needed to carry out a competent examination of your charity’s accounts.