Charities Alert — Strategic reports for charitable companies
Published on:
06 Feb, 2014
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This publication from Deloitte discusses the implications of the Strategic Report requirements as set out in The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 for Charities.
- The new strategic report is applicable for all charitable companies with year ends on or after 30 September 2013.
- This report replaces and expands the business review and is a separate document from the directors' report.
- Small charitable companies that were exempt from the business review requirements remain exempt from the new requirement to prepare a strategic report.
- The Charity Commission has issued charity Information Sheet 5 - the Strategic Report to summarise the requirements for large and medium sized companies.
- The trustees' annual report as required by the SORP is expected to cover all the requirements of the new strategic report and changes should relate to restructuring content only.
