The Regulator for Charities in England and Wales
As part of this consultation we will consider the compliance costs of changes designed to streamline the Annual Return and improve the value of the information collected.
This impacts on the sections currently known as Part A and Part B. No substantive changes are proposed in the content of the present Part C which is known as the Summary Information Return (SIR).
By eliminating less effective elements of the Return and changing thresholds we have sought to improve the accountability of charities whilst bringing a small overall reduction in the regulatory burden.
The table below indicates the potential compliance cost to charities based on our initial estimates of paper copy form completion.
| Income Threshold | Number of charities | AR06 completion estimate (minutes) | AR07 completion estimate (minutes)1 | % Change | Part A Register details update |
Part B Monitoring questions |
Part B Financial activity data |
Serious Incident Reporting |
| £0 - £10k | 95,558 | 10 | 10 | 0% | Minor changes2 | N/A | N/A | N/A |
| £10k - £25k | 23,494 | 30 | 30 | 0% | Minor changes | N/A | N/A | N/A |
| £25k - £250k | 35,819 | 30 | 30 | 0% | Minor changes | N/A | N/A | Added |
| £250k - £500k | 5,062 | 45 | 30 | -33% | Minor changes | Removed | N/A | Added |
| £500k - £1m | 3,353 | 45 | 45 | 0% | Minor changes | Removed | Added | Added |
| £1m + | 5,122 | 45 + SIR3 | 45 + SIR | 0% | Minor changes | Removed | Added | Added |
1. We expect further gains against these times for charities choosing to file returns online.
2. Minor Changes include confirmation of area of operation and improvement to form layout and design.
3. SIR consideration and completion estimated at 2 days in February 2005.