The Charity Commission and Companies Act force this waste of money. Please change this by simply adding a de minimus amount so that charities of this size are excluded from this bureaucratic nonsense.
My wife assists a charity that is also a Company limited by Guarantee. It has income of £85,000 a year and spends all of that each year helping disabled members of the public. It is forced to waste over £1,000 each year on an independent examination of its books and in producing a set of reports and accounts consisting of over 20 pages.