The updated online return which collects information from charities is now live on and ready for charities to use.
All registered charities with an income of more than £10,000 and all Charitable Incorporated Organisations (CIOs) who are reporting on their financial years ending in 2015 must complete the online form.
The form includes new questions which charities must answer that will strengthen the regulator’s ability to identify risk, and will ensure people have access to the information they need to make confident decisions about charities.
Charities must now answer three new questions when they go online to complete the annual return:
• In the reporting period, how much income did you receive from: Contracts from central or local government to deliver services? Grants from central or local government?
• Does your charity have a policy on paying its staff?
• Has your charity reviewed its financial controls during the reporting period?
For further information, visit: https://www.gov.uk/government/news/annual-return-2015-released