Consultation to seek views on charities accounts
Social Development Minister, Mervyn Storey MLA, has this week (1 September 2015) launched a consultation to seek views on how the accounts of charities in Northern Ireland are prepared and scrutinised.
The proposed regulations, contained within the consultation, will require registered charities to file their annual accounts with the Charity Commission for Northern Ireland, and will make provision for the preparation and scrutiny of charity accounts and annual reports.
The consultation will also seek views on whether the income levels which determine how charities’ accounts are scrutinised should be increased or remain the same.
Minister Storey said: “This consultation proposes regulations which, for the first time in Northern Ireland, will make it a legal requirement for charities to file their annual accounts with the Charity Commission.
“It also aims to promote transparency and public confidence in both individual charities and the charitable sector as a whole. I would call on anyone with an interest in this area to participate in this consultation.”
The consultation document is available from the Department for Social Development’s website
The eight week consultation will run from 1 September 2015 until 30 October 2015 and applies to Northern Ireland only.
Notes to editors:
It is estimated that there are between 7,500 and 12,000 charities in Northern Ireland.
It is proposed that the regulations, which will apply to all registered charities, will come into operation from 1 January 2016, taking effect for the financial years of registered charities beginning on or after that date.