Non-company charities with a gross annual income of less than £500,000 fall below the audit threshold and can use either of our Accruals accounts packs.

For financial years ending on or after 1 April 2009, an audit will be only be needed if gross income is more than £500,000 or where gross income exceeds £250,000 and the aggregate value of assets is more than £3.26m. For financial years ending before 1 April 2009, a lower aggregate asset threshold of £2.8m was applied when income exceeded £100,000.

Our packs provide a template for the layout and content of the trustees' annual report and accounts and can be used where these audit thresholds are not exceeded:

• Accruals Accounts Pack (CC17) Charities not using the 'accruals accounts pack' must be familiar with the SORP 2005 when preparing their accruals accounts.
• Accruals Accounts pack (CC39) Charities with income below the audit threshold in the financial year may prepare accruals accounts using natural categories rather than by charitable activity. This alternative accruals accounts pack provides a template for the layout and content of the trustees' annual report and accounts for charities wishing to prepare accounts by natural category