Commission updates accounting process

Written by Goran Nastic

The Charities Commission is facilitating the way that third parties get involved in the accounts process.

Previously only the charity itself was able to submit its accounts. Under the new initiative, an accountant or other nominated agent can log in or sign up to submit accounts on behalf of a client charity. The charity must first tell the commission that the adviser is authorised to act on the charity’s behalf.

To authorise an adviser, a charity should log in to change the charity’s details and in the ‘trusted third party’ field, enter the email address that the adviser will use to sign up to submit accounts.

All charitable incorporated organisations (CIOs) regardless of income, and all other charities with income over £25,000 must submit their accounts and a trustees’ annual report to the commission.

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