Charity annual return service updated
Released 04 March 2020
The Charity Commission has released the 2020 charity annual return service to allow charities to start submitting annual accounts for 2019 year ends online.
Annual returns are mandatory for registered charities in England and Wales and must be completed to report income and spending each year. Reports must be submitted within ten months of the end of the charity’s financial year.
Charities with income over £25,000 are also required to submit copies of the trustee annual report, accounts and independent examiner’s report. A full audit is required for charities with income over £1m and gross assets over £3.26m.
Smaller charities with income up to £25,000 are required to complete questions on the annual return, but are not required to submit a full set of accounts.
Further information can be found here.