On-Air Now
Facebook

New limits for auditing charity accounts

Wed, 24 Aug 2011


Charities can now have an income of up to £25,000 without having their figures checked.

From this month, Manx registered charities don't need their books checked when their gross income is below £25,000, which is an increase on the previous threshold of £5000.

When charities are earning between £25,000 and £250,000, the accounts must be independently examined or audited, and those with an income over £250,000 must have their figures audited.

Previously, those with incomes over £100,000 had to undergo a full audit.

More information on the changes is available from the General Registry or the Government's website.

 


 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed