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Charity accounts Part 1: framework and scope

This article, the first in our series on charity accounts, will focus on the framework of charity regulation and accounts outlining which charities are exempt from filing and audit examinations and providing details on Statements of Recommended Practice (SORP)

Charities can take many legal forms, the most common being trusts, limited companies and charitable incorporated organisations, and this will affect the format of their annual report and accounts and the level of independent scrutiny that will be required.

In each part of the UK, all charities are subject to the relevant charities law. In England and Wales, this is the Charities Act 2011 (CA 2011), in Scotland it is the Charities and Trustee Investment (Scotland) Act 2005 and in Northern Ireland it is the Charities Act (Northern Ireland) 2008 and 2013.

In Scotland, all charities must register with the Office of the Scottish Charity Regulator (OSCR) and will be regulated with them.

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