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Charity Accounts Consultation

22 October 2015

The Department for Social Development is consulting with stakeholders about accounting and reporting by charities, for more details about the consultation please see link below:

https://www.dsdni.gov.uk/consultations/accounting-and-reporting-by-charities

Volunteer Now, as part of the Developing Governance Group, has reviewed the issues raised by the consultation.   We are particularly concerned about the impact on the volunteers who support governance in the many charities in the sector, particularly in volunteer run and led groups.  With that in mind we a have agreed the following overarching position and would encourage groups to respond using these bullet points or the NICVA consultation response as a basis. 

http://www.nicva.org/article/nicva-response-on-the-charities-accounts-and-reports-regulations-ni-2015

  • Volunteer Now does not agree that the income thresholds should remain at the 2008 Act levels as these are too low.
  • Volunteer Now believes that charities with an income under 250,000 should be permitted to prepare receipts and payments accounts.
  • Volunteer Now believes that charities with an income under 250,000 should be permitted to have an independent examination by someone that the charity trustees believe has the requisite ability and experience.
  • Volunteer Now believes that charities with an income between 250,000- 1m should be eligible to have an independent examination by a qualified person.
  • Volunteer Now believes that the threshold for audit should be 1m (subject to an assets threshold).
  • Volunteer Now believes that an asset threshold should be introduced for consideration for audit if the audit threshold is increased to 1m.
  • Volunteer Now proposes that charities with  an income over 250,000 and gross assets of at least 3.26m should be required to have an audit.
  • Volunteer Now believes that the threshold for the preparation of group accounts should be aligned to the audit threshold of 1m.
  • Volunteer Now believes that a de minimis threshold should be introduced for very small charities.
  • While not part of this consultation, Volunteer Now believes that DSD should review the requirement that very small organisations must register with CCNI.