Scottish Government announces changes to charity accounting

01 March 2010

The Scottish Government has announced its intended changes to the charity accounting regime which is currently applicable to Scottish charities.

These changes are contained within the report on the Charity Law Consultation Proposals for Minor Amendments to the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.

Read OSCR’s summary of the most significant changes here.

 
Read the Scottish Government's report in full, here.

 
OSCR has published some brief information, in order to provide advance notice and to explain the most significant changes to charities.  We would stress, however, that the changes do not take effect until 1 April 2011.  Therefore, charity trustees should continue to follow and comply with the existing regime for charity accounts under the Charities Accounts (Scotland) Regulations 2006.

OSCR’s Chief Executive, Jane Ryder, said:

‘We welcome the publication of these proposed amendments and will continue to engage with Ministers'.

OSCR will publish updated Accounts Guidance later in 2010 and this will take account of the forthcoming changes.

ENDS

Issued by OSCR, Quadrant House, 9 Riverside Drive, Dundee DD1 4NY. For further information, contact Mark Simpson or Morag Stewart on 01382 220446 or 07920 274498 or email communications@oscr.org.uk