charity commission - annual return 2015

By Kevin Russell | 9 December 2014

image by lwr on Flickr, used under Creative Commons

The Charity Commission has announced changes to the Annual Return 2015, which will apply when charities report on their financial years ending in 2015.

 

They say that these changes will strengthen their ability to identify risk and will ensure people have access to the information they need to make confident decisions about charities.

 

There will be three new questions:

 

  • In the reporting period, how much income did you receive from:
    • contracts from central or local government to deliver services?
    • grants from central or local government?
  • Does your charity have a policy on paying its staff?
  • Has your charity reviewed its financial controls during the reporting period?

 

Proposed questions on charities’ campaigning expenditure and about key financial information (in respect of charities with incomes of between £10,000 and £500,000) have been shelved for now but may be revisited later.

 

Posted by Kevin Russell

Our Legal Eagle guru and Stewardship's Technical Director, Kevin constantly has his finger on the pulse of all things tax and charity law-related. His briefing papers for charities, churches and individuals are an invaluable resource on everything from VAT to Gift Aid. 

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