What is an independent examination?

Charities with an income between £25,000 and £1 million must have an independent examination. A chartered accountant confirms your records reflect your charity's finances and meet Charity Commission requirements 

Designed for smaller charities, an independent examination costs less and takes less time than a full audit. But donors and stakeholders can see your accounts are properly managed 

Audits vs Independent Examination Thresholds

If you own or manage a charity or social enterprises registered in the UK, it is important to understand whether or not your accounts need to be independently examined or audited. These requirements are guided by charity law and the Charity SORP, which sets out how charities should prepare their accounts.

There are some exceptions and other factors to consider when deciding what applies to your charity. In Scotland, an independent examination is required regardless of the income level.