Charity Commission updates annual return form and drops SIR requirement

Sam Younger, chief executive of the commission, says the extra information collected and displayed will help to promote the compliance of the sector

Sam Younger
Sam Younger

The Charity Commission has updated its annual return form for 2014 and removed the requirement for charities to fill in a summary information return.

The regulator announced last year that it would withdraw the SIR, which asked questions about the charity’s aims, strategy, beneficiaries, financial health and objectives, and was compulsory for charities with annual incomes of £1m or more.

The latest annual return form, which is published this week and should be used by charities from now on, includes seven new questions, including whether the charity pays its trustees, raises money from the public or owns a trading subsidiary.

The commission will publish additional information on each charity’s entry on its online register, such as whether a charity’s accounts have been qualified by an auditor or independent examiner.

It said it would also publish information already held about charities, including whether the charity is insolvent, in administration or subject to enforcement action for non-submission of accounts, and whether a charity is a member of the Fundraising Standards Board.

All registered charities with incomes of more than £10,000 must complete annual returns within 10 months of their financial year-end.

Sam Younger, chief executive of the commission, said: "The carefully considered changes mean that the extra information collected and displayed will be valuable in both promoting the compliance of the sector and in helping the public to make informed decisions about charities."

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