Welcome to Insights

November 2025 Insights newsletter

The monthly newsletter from the team at Insight Training

New Autumn courses

Autumn 2025 Budget Update

 Join Ros Martin on 28th November, 9.30-11.30, for our Autumn Budget Update.

This session will cover the main developments arising out of the budget on 26th November, including any subsequent press releases and draft legislation, and will use examples where relevant to highlight the changes.

To book email liz@insight-training.co.uk or visit Autumn Budget Update.

CPD portal

You can now manage all your bookings and certificates for our public CPD courses using our CPD portal. Details are linked in course communications and can also be accessed here.

In this month’s vlog, Nicky Clough discusses giving feedback.

In November’s blog, Maya Norbury gives her top tips for becoming an audit senior.

Upcoming courses

You can download our booking form and brochure here

Date – Time – Course – Presenter

18th Nov – 9.30-12.30 – Financial Reporting and Tax Update – Peter Herbert & Ros Martin

20th Nov – 9.30-12.30 – VAT Update – Dean Wootten

25th Nov – 9.30-12.30 – Audit Compliance Principals’ Regulatory Update – Peter Herbert & Jez Williams

26th Nov – 9.30-12.30 – Small and Micro Entity Accounting Issues – James Charlton

27th Nov – 9.30-11.00 – FRS 102 Periodic Review Leases – Jez Williams

27th Nov – 11.30-1.00 – Accounting for and Auditing Financial Instruments – Jez Williams

28th Nov – 9.30-11.30 – Budget Update – Ros Martin

2nd Dec – 9.30-12.30 – Property Taxes – Malcolm Greenbaum

3rd Dec – 9.30-12.30 – How to Become a Good New RI – Peter Herbert & Nicky Clough

4th Dec – 1.00-2.00 – Effective Feedback and Appraisal – Nicky Clough

Our 2025 AML, Ethics and GDPR E-Learning Programmes are available now. 

“Excellent delivery, easily understood with some good points raised. Delegate, Autumn series

FAQs from recent courses

Charities

Will charity audit thresholds increase now company audit thresholds have increased?

Since the increase in company audit thresholds were announced in late 2024, we’ve had lots of queries about whether the legislation for charity audit thresholds would also be increased. The government hadn’t given much away about their plans during 2025, other than a public consultation earlier in the year. However, an announcement by the Department for Culture, Media and Sport, the government department for charities in England and Wales, was made on 31st October 2025. This seems likely to increase thresholds, though legislation will still need to be passed.

Charity audit thresholds are going to increase 50% from £1M of income to £1.5M of income and from £3.26M of assets to £5M of assets. Additionally, independent examination requirements are being raised from £25K to £40k of gross annual income.

All 21 charity law thresholds have been increased, and the government estimates there will be average annual savings of £47m in audit fees for the charity sector as a result of changes introduced.

Pensions 

We have audited a Pension Scheme for the last few years and it’s approaching wind up. At the start of the year there will be 10 members. However, as there will be no members at the year-end, is the Scheme audit exempt as there are less than two members?

While the Law doesn’t actually make clear when in the year the less than two members rule applies, i.e. at year end or any point in the year, the general view of the institute is to consider the impact on the user.  Considering the pension scheme accounts will not be publicly available, and there will be no members to circulate them to, then an audit wouldn’t be required.

Do just check that the Trust Deed & Rules don’t require audited accounts (some do!) as that would negate the law. 

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