It consolidated the bulk of the Charities Act 2006, outstanding provisions of the Charities Act 1993, and various other enactments.

[3] Section 145(1)(a) allowed for charities' financial accounts to be independently examined where a full audit is not required.

An "independent examiner" is a person not connected to the charity who is "reasonably believed by the trustees to have the requisite ability and practical experience to carry out a competent examination of the accounts".

[4] Additional provisions were added by the Charities (Protection and Social Investment) Act 2016 granting a "general power" to charities to make "social investments", that is actions undertaken both to further the organisation's charitable aims and to make a financial surplus.

In this context a charity's actions do not need to be financial "investments" as the term would generally be understood.