Under Trust Act

Audit & Assurance Services under Trust Act

Managing a trust isn’t just about maintaining accounts. It’s about accountability. Whether it’s a charitable trust, religious trust, or NGO, there’s an expectation that every rupee is properly accounted for and used for the right purpose.

At The Classic Partner LLP, we handle audit and assurance services under the Trust Act with that exact mindset. The goal is simple — make sure your trust stays compliant, transparent, and credible in the eyes of authorities, donors, and stakeholders.

We don’t treat audits as a checklist exercise. We look at the full picture — how funds are received, how they’re used, and whether everything aligns with the legal framework.

What is Audit under Trust Act?

An audit under the Trust Act is a detailed review of the financial records of a trust. It checks whether income, expenses, and fund usage are properly recorded and aligned with the objectives of the trust.

It also ensures compliance with applicable laws, including requirements linked to registrations like 12A and 80G.

In simple terms, it answers one key question:
Is the trust operating the way it’s supposed to?

Our Audit & Assurance Services for Trusts

We cover everything a trust needs from a compliance and audit perspective:

• Statutory audit of charitable and religious trusts
• Verification of income, expenses, and fund utilization
• Compliance checks under applicable Trust Act provisions
• Audit support for 12A and 80G registrations
• Preparation of audit reports and financial statements
• Review of internal controls and governance processes
• Assistance during notices or scrutiny from authorities

Why Audit Matters for Trusts

Here’s the thing — audit isn’t just about avoiding penalties. It directly impacts how your trust is perceived.

A properly audited trust builds confidence.

• It shows transparency in how funds are used
• It strengthens credibility with donors and institutions
• It reduces the risk of errors or misuse
• It helps in smooth renewal of registrations like 12A and 80G
• It keeps you prepared for any regulatory scrutiny

Our Approach

We keep things practical and clear.

Every trust operates differently, so we don’t follow a rigid template. We understand your structure, your activities, and your compliance needs — and then carry out the audit accordingly.

At the same time, we make sure the process doesn’t disrupt your day-to-day operations. You get accurate reporting, timely completion, and clarity at every step.

Who Needs Trust Audit Services?

• Charitable trusts
• Religious trusts
• NGOs and non-profit organizations
• Trusts registered under 12A and 80G
• Organizations receiving donations or grants

Why Choose The Classic Partner LLP?

• Strong understanding of Trust Act and compliance requirements
• Experienced professionals handling audits end-to-end
• Clear, practical, and easy-to-understand reporting
• Timely execution without unnecessary delays
• Support beyond audit — including notices and compliance issues