Charity registration and accounting requirements
27th March 2007, 9:58 am
The income threshold when charities are required to register increases (from £1000) to £5,000 with effect from 23rd April. Those with income under £5,000 can register voluntarily, or deregister if already registered. Applies to England and Wales. See Sandy Adirondack’s Legal Update: http://www.sandy-a.co.uk/managing.htm#charityreg-threshold.
Income thresholds in relation to audit requirements change for financial years starting on or after 27th February 2007. Companies Act provisions expected this autumn complicates things for charities with limited liability. See Sandy’s update for clarification: http://www.sandy-a.co.uk/managing.htm#charact-charcoaudit.