Community accounting, management and research services
Annual monitoring for charities
It is a legal requirement for all charities to send a copy of their accounts to OSCR.
What information do you need to send? Every year you must send OSCR your:
Trustees’ Annual Report
External scrutiny report, and
Online annual return.
All the information is needed to complete the annual monitoring requirements.
When do you need to send the information? You have 9 months from your financial year end date to send the information.
Why you need to send the information All charities registered in Scotland have a legal duty to provide OSCR with annual reports and accounts every year. This is one of the charity trustee duties in terms of The Charities and Trustee Investment (Scotland) Act 2005.
Without the information there's no evidence to show OSCR and others that you are carrying out activities and providing public benefit.
What does OSCR do with the information?
They do a basic check of all the information to make sure there are no obvious mistakes.
They don’t do a full check of every set of reports and accounts.
They do detailed checks throughout the year of some charities reports and accounts. Where they identify issues they will follow up directly with the charity.
Where they identify common trends they will highlight these and provide guidance where necessary.
They publish the reports and accounts of all charities with an income of £25,000 or more and all SCIOs on the Scottish Charity Register.