I have been approached by a non-profit making organisation to prepare an independant examination of their accounts. They make about £10k t/o and around £3k net profit which is invested back into the organistion. They are basically a community group who raise funds for a specific community event, record expenses incurred for that event and the surplus is used for following events.
The organisation is not registered as a charity or company and nothing official has been published. Is it OK for organisations such as this to exist? I would have thought that some "official" status would be needed.