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Audit Limit for Charites rises to £1m

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.

Strategic Report and Directors’ Report

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.