The Charity Commission has released the Annual return 2015
The updated online return which collects information from charities is now live on GOV.UK and ready for charities to use. All registered charities with an income of more than £10,000 and all Charitable Incorporated Organisations (CIOs) who are reporting on their financial years ending in 2015 must complete the online form.
The form includes three new questions which charities must answer that will strengthen the Charity Commission’s ability to identify risk, and will ensure people have access to the information they need to make confident decisions about charities:
- 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?
Charities, their trustees and advisers are encouraged to read the online guidance provided before logging on to complete the annual return so that they know what information they need to submit. Charities have ten months from their financial year end to complete the annual return.
The Commission is also reminding charities that it is getting tougher on those that fail to file annual returns and accounts on time. Full information is available on GOV.UK