C1Part 8Charity accounts, reports and returns
CHAPTER 3Audit or examination of accounts
Exempt and excepted charities
160Exempt charities
1
Nothing in sections 144 to 155 (audit or examination of accounts) applies to an exempt charity.
2
Sections 156(2) to (6) and 157 (duty of auditors etc. of individual accounts to report matters to Commission) apply in relation to a person appointed to audit, or report on, the accounts of an exempt charity which is not a company as they apply in relation to the person referred to in section 156 as “P”, but reading—
a
any reference to P's acting in the capacity mentioned in section 156(1) as a reference to the person acting as a person so appointed, and
b
any reference to the Commission or to any of its functions as a reference to the charity's principal regulator or to any of the latter's functions as principal regulator in relation to the charity.
3
Nothing in section 158 (duty of auditors etc. in relation to group accounts) applies to an exempt charity.
161Excepted charities
1
Nothing in sections 144 to 146 (audit or examination of individual accounts) applies to any charity which—
a
falls within section 30(2)(d) (whether or not it also falls within section 30(2)(b) or (c)), and
b
is not registered.
2
Except in accordance with subsections (3) and (4), nothing in—
a
section 154 or 155 (regulations relating to audits and examinations), or
b
section 156 or 157 (duty of auditors etc. to report matters to Commission),
applies to a charity mentioned in subsection (1).
3
Sections 154 to 157 apply to a charity mentioned in subsection (1) which is also—
a
an English NHS charity (as defined in section 149), or
b
a Welsh NHS charity (as defined in section 150).
4
Sections 156 and 157 apply in accordance with section 160(2) to a charity mentioned in subsection (1) which is also an exempt charity.
Pt. 8 applied (with modifications) (2.1.2013) by The Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012 (S.I. 2012/3013), regs. 1, 41