New reporting requirements for 2014 annual return

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From 2014 onwards the Charity Commission will request additional information in a charity's annual return and will display additional information on the register of charities.

This includes whether any charity trustees are paid, whether the charity has a trading subsidiary, and whether a charity has written policies in place on identified key areas.

In addition, the Charity Commission will discontinue the requirement for charities with gross yearly income in excess of £1 million to file a Summary Information Return.

Key action points:

  • Charities should familiarise themselves with the new questions and requirements.
  • More information on the changes can be viewed at the Charity Commission's website.