You are not considered to be engaging in practice and therefore do not require a Practising Certificate if you provide accountancy services to small charitable, community, religious or sporting bodies, or to similar non-profit making bodies where:
- You are not conducting this work "by way of business"
- You are conducting the work free of charge or for a nominal fee of £100 or less
- There is a maximum of ten appointments
- No audit is being undertaken and
- Any independent examinations conducted are for bodies with gross income of £500,000 or less.
If you do not require a PC, per the above guidance, but are providing independent examinations or other reporting services to charities on a voluntary basis, you should inform the trustees in writing that there is no PII in place.
Sample wording: "As a non-practising member of ICAS (i.e. I do not require to hold a practising certificate under ICAS' Rules and Regulations), I am required to inform you that there are no professional indemnity arrangements in place regarding the voluntary services which I am providing to AN Charity."
Any member who does not require to hold a PC may still use the designatory letters 'CA' or the description 'Chartered Accountant' when signing an independent examination.
Please note that the position for Community Accountants is currently under review and that if you have a query in this respect, please contact us for the most up to date position.
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