AGM Finance Report and Audit disapplication 2023

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Report to follow


AUDIT Request from the Freegle Board:

The Board would like the AGM to approve the dis-application for a full audit for the Freegle Ltd accounts 2023/24. This would be in line with previous procedure and is due to the level of expense for an external auditor and time required from the volunteer Treasurer for a full audit.

Industrial and Provident Societies must have a full audit if they are a charitable IPS with a turnover of over £10,200,000 or assets in excess of £5,100,000.

As we don't get near to these figures the expense and time for a full audit seems unnecessary when our transparency is confirmed by a qualified accountant’s Independent Examination. More information can be found in the legal explanatory note here: http://www.legislation.gov.uk/ukpga/2014/14/section/84

Link: AGM 2023 Agenda

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