The Charity Commission’s budget for the next two years has been trimmed again following the Chancellor’s autumn statement with the regulator’s annual budget now set at £20.2m by 2015/16.

An additional 1.14 per cent will be cut from the regulator’s budget for 2014/15 and 2015/16 meaning that it will receive £230,000 less in 2014/15 and £220,000 less in 2015/16.

This means that the Commission has seen a budget cut of almost 50 per cent in real terms since 2007/08 when it received a settlement of £32.6m from the government.

In a statement a Commission spokeswoman said: “Between 2007/08 and 2015/16, there has been a real-terms decrease of 48 per cent, and the further 1.14 per cent in 2014/15 and 2015/16 comes on top of this. This is very disappointing having also recently seen a 6.3 per cent drop in our budget for 2015/16.

“We made it clear at the time that any further cuts would seriously jeopardise our ability to carry out our duties, given the levels we have already suffered. We are again in contact with the Treasury about this matter. We will be looking in detail at what changes are required to deliver the savings.”

When the Chancellor announced the budget cut of 6.3 per cent for the Commission in June, it was lower than the expected 10 per cent cut, with the regulator saying at the time: “The fact that we succeeded in securing a lower-than-anticipated reduction demonstrates that they have accepted some of our concerns.”

Last week’s National Audit Office report concluded that the Commission was not value for money and this afternoon Sam Younger, chief executive of the Commission will appear before the Public Accounts Committee alongside Nazo Moosa, trustee at the Commission, to discuss its effectiveness as a regulator.