The Charity Commission for England and Wales (the Charity Commission) has recently issued updated guidance on charities’ financial controls to protect against fraud and new technology risks.
An amendment to the Charities Act 2011 has recently come into force which means that Charities with income below £1m will no longer require a statutory audit.
As one of the leading accountancy firms in Swansea & West Wales, Bevan & Buckland get asked this question on a regular basis.
The Companies Act 2006 has been changed, accounts for medium and large companies ending on or after 30 September 2013 with require a strategic report to be included within the directors’ report in your statutory financial statements.