Charities compliance

All Scottish charities are required by law to prepare annual accounts in accordance with the Charities Accounts (Scotland) Regulations 2006.

We represent several hundred charity and not for profit clients and our specialist team provides external audit services for over 100 charities. At Alexander Sloan we work with you to ensure your accounts comply with all legal requirements, that you can trust in the accuracy of its financial statements and that you can have confidence in the efficiency and effectiveness of your accounting procedures and internal controls.

An Independent Examination of your accounts is required if:

• The charity's annual income is less than £500,000 or if it's gross assets are less than £2,800,000.
• The report must state if the accounts do not comply with disclosure requirements or if proper accounting records have not been kept.
• The work involved is less onerous than is required for an audit, which is reflected in our fee.

 An Audit of your accounts is required if:

• The charity's annual income is above £500,000 or if it's gross assets amount to more than £2,800,000.
• The charity's constitution requires it.
• A funder requests an audit to be carried out as a condition of a grant.
• The trustees feel an audit would be beneficial.

We are registered to carry out audit work by the Institute of Chartered Accountants of Scotland and are experienced in the audit of a wide range of charities and voluntary organisations.

Contact us to discuss your compliance requirements.