The changes apply to charities in England and Wales and increase several of the income thresholds relating to accounts, independent examination and audit.

These changes could reduce the accounting and reporting burden for some smaller charities. However, your governing document or a funding agreement may still require a particular type of accounts, audit or independent examination, so it is important to check what applies to your organisation.

The Charity Commission has published updated guidance and a useful thresholds-at-a-glance table to help charities understand the changes. View this guidance here.

Read the full Charity Commission guidance on charity accounts >>>