Deadline fast approaching for charities yet to file annual return - Thorne Widgery

Deadline fast approaching for charities yet to file annual return

Charities with financial years ending on 31 March 2017 have less than a month to go before the final deadline to file their annual return, the Charity Commission has warned.

Annual returns must be with the Charity Commission by 31 January 2018.

The charity regulator said there are many charities yet to file a return and risk penalties.

“[Charities] run the risk of trying to file nearer to deadline day without the correct documentation or, crucially, the password they need to access the online service and then going into default,” it said.

Which charities need to file an annual return?

Those earning between £10,001 and £25,000 need to complete an annual return form, while those earning more than £25,000 must submit an annual return form with a set of annual accounts as well as an independent examiners’ or audit report and a trustees’ annual report (TAR).

Likewise, all Charitable Incorporated Organisations (CIOs) need to submit an annual return and annual accounts. If your CIO has an income of more than £25,000 you also need to submit an independent examiner’s or audit report along with a TAR.

Charities earning less than £10,000 need to submit income and expenditure figures.

Charities must file a return no later than 10 months after the end of their financial year.

Do you need help or advice filing your 2017 annual return? Contact us today to find out how we can help you.