What Are The Charity Commission Filing Obligations For My Charity? Part 3: The Annual Accounts

• Published date: 26 January 2021
• Subject Matter: orporate/Commercial Law, Charities & Non-Profits
• Law Firm: Wrigleys Solicitors
• Author: Ms Hayley Marsden and Daniel Lewis

A closer look at your charity's obligation to prepare and file annual accounts.

Every charity (whether it has reached the threshold for registration with the Commission or not) must keep accounts and prepare annual accounts, which must available to members of the public on request.

However, only registered charities with a gross annual income greater than '25,000 and CIOs, irrespective of income, must file their accounts with the Commission. There are varying requirements depending on income and charities should refer to the Charities SORP for detailed requirements. For example, there are specific requirements in relation to the disclosure of grant making activities, accounting for heritage assets or accounting for branch or linked charities.

Overall, there are several filing...