Increase in charity audit thresholds
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Increase in charity audit thresholds
February 19th, 2015     A+ | a-

Following a short consultation period, the Cabinet Office have announced  that it intends to pursue the following proposals to increase in charity audit thresholds (for charities registered in England & Wales):

(a) Increasing the income threshold above which an audit is required, from £500,000 to £1 million.

(b) Increasing the Group income threshold above which an audit is required, from £500,000 to £1 million.

(c) Increasing the preparation threshold for Group Accounts from £500,000 to £1 million.

A statutory instrument will be drafted and laid before Parliament with sufficient time before dissolution on 30 March 2015.


(a) These changes are expected to apply to financial periods ending on or after 31 March 2015.

(b) These changes do not apply to charities in Scotland or Northern Ireland.   This includes “Cross-Border” charities that are registered with both the Charity Commission and OSCR, as the lower thresholds applicable in Scotland will continue to apply.

(c) For technical reasons, the asset test threshold is not being increased at this time, as previously envisaged. Thus charities will still require an audit if income exceeds £250,000 and assets exceed £3.26 million.

Further details can be found in the Cabinet Office’s consultation response:

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