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Charities legislation NI and RoI

Charities legislation NI and RoI. Overview of new legislation New Charities Regulatory Authorities A register of all charities Regulating: Financial reporting and activities Trustees Investigating irregularities

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Charities legislation NI and RoI

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  1. Charities legislation NI and RoI Overview of new legislation • New Charities Regulatory Authorities • A register of all charities • Regulating: • Financial reporting and activities • Trustees • Investigating irregularities Revenue authorities will retain control over eligibility for tax concessions

  2. Registration and progress NI • Interim register 2009 - existing charities (recognised by Revenue) • Formal registration from 2010 • Formal reporting from 2011 • Charities Commission now established

  3. Registration and progress RoI • Commission unlikely to be appointed in 2009/10 • Process likely to be similar to NI – existing charities registered first

  4. Reporting Requirements NI Unincorporated charities • Income < £100,000 - independent examination by independent examiner (Or – audit) • Income £100,000 - £500,000 - independent examination by a certified/registered reporting accountant (Or full audit) • Income > £500,000 - full audit

  5. Charities legislation Reporting Requirements RI • Annual Returns and Annual Activity Reports are to be made by charities to the new Authority Income levels and reporting RI • Reporting format linked to income level • Detail to be decided by the Minister

  6. Church of Ireland response • The Primate’s Working Group on Charities Legislation brings together representatives from dioceses, RB and Synod to monitor and guide the response to the new legislation. • Liaison with government departments during 2007/08 secured amendments to the draft legislation. • Consultation with Diocesan Secretaries and Diocesan Councils has been ongoing during 2009.

  7. Charities legislation • Liaison with the Charity Commission for NI will be ongoing in the coming weeks, and will lobby for: • Effective and proportionate reporting regulations acknowledging the Church’s strong internal governance systems • Fair cost of compliance • Guidance on public benefit reporting

  8. RB resources for parishes and dioceses • C of I charities webpage www.ireland.anglican.org/charities • Updates • Forms, information, guidelines • Useful contacts charities@rcbdub.org • Information events

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