Charity accounting just got lighter. For financial years ending on or after 30 September 2026, the main thresholds have risen: independent examination now starts at £40,000 (up from £25,000), and audit on income at £1.5m (up from £1m).

Many charities in the £1m to £1.5m band can now choose an independent examination over a full audit: narrower, and considerably cheaper. But funders and governing documents can still require an audit, so look before you leap.

Our short guide for trustees sets it all out.

read more...