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The Charities Act 2011 (Group Accounts) Regulations 2015

S.I. 2015/322 · Made 19 February 2015 · Extends to England and Wales

Up to date with all changes known to legislation.gov.uk, revised to 30 September 2026.

Charities

Made 19th February 2015

Laid before Parliament 23rd February 2015

Coming into force 31st March 2015

The Minister for the Cabinet Office makes the following Regulations in exercise of the powers conferred by sections 139(2), 176(1) and 347(3)(b) of the Charities Act 2011f1.

In accordance with section 348(4) of that Act he has consulted such persons and bodies of persons as he considered appropriate.

Annotations to the whole text

Footnotes

f1

2011 c.25. Section 353 defines “the Minister” as the Minister for the Cabinet Office. Section 176(3) defines “prescribed” for the purposes of section 176(1).

Contents

  1. 1Citation and commencement
  2. 2Exceptions to requirement to prepare group accounts
  3. 3Regulation 3
  4. 4Audit of accounts of larger groups
  5. 5Regulation 5
  6. 6Transitional provision Repealed
  7. Signature
  8. Explanatory note

1Citation and commencementI1

These Regulations may be cited as the Charities Act 2011 (Group Accounts) Regulations 2015 and come into force on 31st March 2015.

2Exceptions to requirement to prepare group accountsI1

The sum specified for the purposes of section 139(2) (exceptions to requirement to prepare group accounts) of the Charities Act 2011 is F1£1.5 million.

3I1

Regulation 18 (exceptions relating to requirement to prepare group accounts) of the Charities (Accounts and Reports) Regulations 2008f1 is omitted.

4Audit of accounts of larger groupsI1

The sum prescribed as the relevant income threshold for the purpose of section 151(1)(a) (audit of accounts of larger groups) of the Charities Act 2011 is F1£1.5 million.

5

Regulation 29 (audit of accounts of larger groups) of the Charities (Accounts and Reports) Regulations 2008 is omitted.

6Transitional provisionF1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Signature

Rob Wilson

Parliamentary Secretary

Cabinet Office

19th February 2015

Explanatory note

(This note is not part of the Regulations)

These Regulations amend provisions in the Charities Act 2011 relating to charities’ accounts by substituting the sum specified in the Regulations.

The effect of regulations 2 and 3 is to increase the gross income threshold which applies for the purpose of determining whether group accounts must be prepared.

The effect of regulations 4 and 5 is to increase the gross income threshold which applies for the purpose of determining whether group accounts must be audited.

Regulation 6 makes transitional provision.

A full impact assessment of the effect that these Regulations will have on the costs of business and the voluntary sector is available from the Office for Civil Society, 1 Horse Guards Road, London. SW1A 2HQ (020 7271 6282) and is annexed to the Explanatory Memorandum which is available alongside the Regulations on www.legislation.gov.uk.