Accounting Clinic

An independent examination is a form of external scrutiny that provides a limited check on specific matters.

UK Charity Law requires all charity trustees to prepare accounts for their charity.  The trustees of registered charities must also prepare a trustees’ annual report. This annual report tells donors and others interested in the work of the charity what the charity is set up to do, what it has done in the year and how it raised and spent its money.

This limited form of check (sometimes referred to as ‘negative assurance’) contrasts with an audit.  The examiner is only required to confirm whether any material matters of concern have come to their attention, whilst an auditor is required to provide an opinion on whether a charity’s accounts give a ‘true and fair view’.

The charity must be eligible to have an independent examination; to maintain public confidence in the work of charities, UK Charity Law sets out the reporting, filing and external scrutiny obligations on trustees.

UK Charity Law requires those charities with a gross income of more than £25,000 to have some form of external scrutiny of their accounts.  This threshold is subject to change from time to time as the regulations made under the 2011 Charities Act are updated.

An examination involves a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also involves a review of the accounts and the consideration of any unusual items and/or disclosures provided.

No. This is a free service offered to all registered UK charities that fall under the £250,000 annual gross income threshold. We only ask for your time to provide the necessary account details and work with our student and academics.

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