Questions and answers 12
Q : What do charities need to submit to the Charity Commission each year?
The Annual Return itself is made up of three parts. The parts you have to complete depend upon your charity’s income in the financial period you are reporting on. The Return consists of:
Part A - Charity information. This is completed by all charities and collects information that is primarily used to maintain the Register of Charities.
Part B - Financial information. This section requires figures taken directly from the charity’s accounts. The information given is displayed on the charity’s Register entry in a graphical form to illustrate the income, spending and assets of the charity. This helps give the public a clearer picture of how the charity operates.
Part C - Summary Information Return (SIR). The purpose of the SIR is to provide the public with better information about the work of the larger charities. It is designed for charities to provide an easily accessible summary of their key aims, activities and achievements
Q : Where can I find more information about making the Annual Return?
The Charity Commission website has extensive support on how to make your Annual Return, including a whole section on Frequently Asked Questions (FAQs) about Annual Returns, from general questions such as ‘What happens if you are late filing?’ to ‘How is the value of volunteers reflected in the accounts of a charity?’. Visit Charity Commission website.