Do you need one?
All charities with an income of more than £25,000 will need to have an independent examination. If your charity has income of £1 million or more, then you will need to have an audit instead.
What is an independent examination
In order to maintain public confidence in the work of charities, law requires that charity accounts are subject to external scrutiny. An independent examination is a simpler and less expensive form of scrutiny than an audit, but still provides assurance that an external person has reviewed the accounts.