The Charities (Annual Return) Regulations 2024 introduced an update to the annual reporting requirements for registered charities in England and Wales. The change will apply to all registered charities with accounting years ending on or after 1st January 2025.
The update was a result of feedback from public consultation, and led to the elimination of questions in relation to "Locations" and "Structure" in annual returns. This change aims to streamline the reporting process and reduce administrative burden for charities.
Apart from this change, as before, a charity's gross income in the financial year determines the set of questions that the charity needs to answer in its annual return – and generally speaking, the higher the charity's income, the more questions it needs to answer.
The new Regulation, including the Schedule of questions can be found on the Government's website: The Charities (Annual Return) Regulations 2024 - GOV.UK (www.gov.uk)
For further information, please get in touch with Khalid Sofi, head of our Charities Team, or your usual contact in our firm, and we will be able to assist you.