The Charities Act 2011 (Group Accounts) Regulations 2015

• Citation: S.I. 2015/322
• Sections: 6

Section 1 Citation and commencement

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

Section 2 Exceptions to requirement to prepare group accounts

The sum specified for the purposes of section 139(2) (exceptions to requirement to prepare group accounts) of the Charities Act 2011 is £1 million.

Section 3 Exceptions to requirement to prepare group accounts

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

Section 4 Audit of accounts of larger groups

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 £1 million.

Section 5 Audit of accounts of larger groups

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

Section 6 Transitional provision

These Regulations apply to any financial year of a charity ending on or after 31st March 2015.