2015 No. 322
The Charities Act 2011 (Group Accounts) Regulations 2015
Made
Laid before Parliament
Coming into force
The Minister for the Cabinet Office makes the following Regulations in exercise of the powers conferred by sections 139(2), 176(1) and 347(3)(b) of the Charities Act 20111.
In accordance with section 348(4) of that Act he has consulted such persons and bodies of persons as he considered appropriate.
Citation and commencement1
These Regulations may be cited as the Charities Act 2011 (Group Accounts) Regulations 2015 and come into force on 31st March 2015.
Exceptions to requirement to prepare group accounts
2
The sum specified for the purposes of section 139(2) (exceptions to requirement to prepare group accounts) of the Charities Act 2011 is £1 million.
3
Regulation 18 (exceptions relating to requirement to prepare group accounts) of the Charities (Accounts and Reports) Regulations 20082 is omitted.
Audit of accounts of larger groups
4
The sum prescribed as the relevant income threshold for the purpose of section 151(1)(a) (audit of accounts of larger groups) of the Charities Act 2011 is £1 million.
5
Regulation 29 (audit of accounts of larger groups) of the Charities (Accounts and Reports) Regulations 2008 is omitted.
Transitional provision6
These Regulations apply to any financial year of a charity ending on or after 31st March 2015.
(This note is not part of the Regulations)