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Changes to charities’ annual returns

The Winter issue of the Charity Commission’s online newsletter for trustees includes information about forthcoming changes to the annual returns for 2014.  Following a consultation last year some new questions have been introduced aimed to make charities more accountable to the public.  These require information about whether charities raise funds from the public, have a trading subsidiary, pay trustees, have certain policies in place, are regulated or registered with a registrar other than the commission, and whether they carry out their charitable purposes predominantly through grant-making.  The new changes also include removing the requirement for charities with an income over £1 million to complete the Summary Information Return (SIR).  Detailed guidance will be available shortly.