(This note is not part of the Order)
This Order amends provisions in the Charities Act 2011 relating to charities’ accounts by substituting the sums specified in the Order. The Order also amends provisions in the Act relating to the examination of accounts.
The effect of article 3 is to increase the gross income threshold which applies for the purpose of determining whether a charity is required to have its accounts audited.
The effect of article 4 is to add two new bodies to the list of bodies whose members may examine the accounts of certain lower-income charities.
Article 5 makes transitional provision.
A full impact assessment of the effect that this Order will have on the costs of business and the voluntary sector is available from the Office for Civil Society, 1 Horse Guards Road, London. SW1A 2HQ (020 7271 6282) and is annexed to the Explanatory Memorandum which is available alongside the Order on www.legislation.gov.uk.