Charity Commission opens 2017 annual return service
Melanie May | 28 August 2017 | News
The Charity Commission’s 2017 annual return service is now available.
All charities have a legal obligation to submit a return to the Charity Commission. What charities need to submit in its annual return depends on their annual income.
If this is:
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- under £10,000, you just need to submit your charity’s income and expenditure figures – the Commission says the easiest way to do this is through the annual return service
- between £10,001 and £25,000, you need to complete an annual return form
- more than £25,000, you must submit an annual return form with a set of annual accounts as well as an independent examiners’ or audit report and a trustees’ annual report (TAR)
The Charity Commission also provides a guide to the accounting essentials for charities, which explains the type of accounts a charity has to prepare, and whether they need an audit or independent examination.
All Charitable Incorporated Organisations (CIOs) need to submit an annual return and annual accounts. If a CIO has an income over £25,000 it also need to submit an independent examiners’ or audit report along with a trustees’ annual report.
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About Melanie May
Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via thepurplepim.com.