The Charity Commission is consulting with charities on proposals to next year’s Annual Return

The key proposal most likely to affect many community buildings:

Requiring charities with incomes between £10,000 and £500,000 to provide key financial information

At present, only charities with an income of more than £500,000 are required to provide more detailed financial information through the annual return. This information is shown on the charity’s register page through graphs and pie charts. For those charities with an income of between £10,000 and £500,000, there is little information shown on the charity’s register entry. By collecting key financial information in an electronic format, the Commission says it will be able to analyse data and identify risks in charities, and increase transparency and accountability.

The regulator proposes to ask charities with an income of between £10,000 and £500,000, and all CIOs with an income under £500,0001, to provide the following information:

  • Voluntary income
  • Income from investments
  • Remaining income not analysed elsewhere
  • Total income
  • Spending on charitable activities
  • Spending on raised funds
  • Remaining spending not analysed
  • Total spending

See more and complete the consultation at the Charity Commission’s website.

Leave a Reply