03/11/2026
THIRD SECTOR NEWS: The Charity Commission has updated its accounting and reporting requirements for charities in England and Wales, with new thresholds taking effect from 30 September 2026.
The changes aim to reduce administrative burdens and costs for smaller charities. Key changes include:
Independent examination: The annual income threshold has increased from £25,000 to £40,000.
Receipts and payments accounts: Eligible non-company charities can now use this simpler accounting method with income up to £500,000, increased from £250,000.
Audits: The main annual income threshold for mandatory audits has increased from £1 million to £1.5 million.
The new thresholds apply to financial years ending on or after 30 September 2026. Charities are encouraged to review the updated guidance to understand how the changes affect their reporting obligations.
https://www.gov.uk/guidance/changes-to-charity-accounting-and-reporting
