The Charity Commission for England and Wales has updated its annual return form for 2014
The form is now available to complete online and there are new guidelines for charities who may need help in completing the form.
All registered charities with an income exceeding £10,000 must file an annual return within 10 months of the end of their financial year. This information is used to update their profile that appears on the online register of charities.
The Commission uses the information provided by the charities to inform its regulatory approach, promote good governance and make sure that charities are accountable to the public. The details are also useful for anyone who is interested in learning more about a charity, particularly those that do not have their own website.
The changes to the form include:
- Seven new question areas, including whether the charity pays its trustees, raises money from the public and owns a trading subsidiary.
- The summary information return has been discontinued. This was compulsory for charities with an annual income of £1 million or more.
In addition to new questions, the Commission will publish information already held about charities including whether the charity is insolvent, in administration or subject to enforcement action for non-submission of accounts. It will also publish information about whether a charity is a member of the Fundraising Standards Board.
Full details can be found on the Charity Commission www.charitycommission.gov.uk