Part 8

Charity accounts, reports and returns
CHAPTER 5

Powers to set financial thresholds

Powers to alter certain sums specified in this Part
174
1
The Secretary of State may by order amend any provision listed in subsection (2)—
a
by substituting a different sum for the sum for the time being specified in that provision, or
b
if the provision specifies more than one sum, by substituting a different sum for any sum specified in that provision.
2
The provisions are—
- section 133 (gross income in connection with option to prepare account and statement instead of statement of accounts);
- section 144(1)(a) or (b) (gross income and value of assets in connection with requirements as to audit of larger charities);
- section 145(1) (gross income in connection with option to have accounts examined instead of audited);
- section 145(3) (gross income in connection with requirements as to qualifications of independent examiner);
- section 163(1) or (2) (gross income in connection with requirements to transmit annual report to Commission);
- section 169(2) (gross income in connection with requirement to prepare annual return).
Pt. 8 applied (with modifications) (2.1.2013) by The Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012 (S.I. 2012/3013), regs. 1, 41
Words in s. 174(1) substituted (9.11.2016) by The Transfer of Functions (Elections, Referendums, Third Sector and Information) Order 2016 (S.I. 2016/997), art. 1(2), Sch. 2 para. 25(2)(aa) (with art. 12)