New Accounting Regulations issued for Charities

The Charities Accounts (Scotland) Regulations 2006 have now been published and are available to download from www.opsi.gov.uk/legislation/scotland/ssi2006/20060218.htm.

The Regulations apply to all charities registered with the Office of the Scottish Charity Regulator (OSCR) for financial years beginning on or after 1 April 2006, including charities established under the law of a country or territory other than Scotland.

Accounts must be submitted to OSCR not later than nine months after the end of a charity’s financial year. Charities which are also companies must also continue to file their accounts with Companies House within ten months of their financial year – end and also need to continue to comply with the Companies Act 1985 accounts and audit requirements.

Please contact us for further information.

Alternatively the OSCR website www.oscr.org.uk contains up to date information on developments in the sector, including information about the duties of charity trustees.