We have updated the “Statement on Members Engaging in Public Practice” to take into account a statutory change in the threshold for small charities which comes into effect on 30 September. The revised ICAEW Statement was approved by the ICAEW Regulatory Board (IRB) on 23 July and will apply from 1 October 2026.

What is changing

Following The Charities Acts 1992 and 2011 (Substitution of Sums) Order 2026, the thresholds for small charities will increase from gross income of £250,000 to gross income of £500,000 on 30 September 2026.

This means that an ICAEW member can undertake an independent examination of a small charity with gross income less than or equal to £500,000 without a practicing certificate as long as the service is provided pro bono or for a token non-monetary reward.