The Commissioner of Charities ("COC") and Baker Tilly launched the Annual Report Illustrative Template to guide charities on the preparation of annual reports.
Online PR News – 18-July-2019 – Singapore, 18 July 2019 – Singapore, 18 July 2019 - On 17 July 2019, the Commissioner of Charities ("COC") launched the Annual Report Illustrative Template ("AR Template") to guide charities on the preparation of annual reports. Developed by the Commissioner of Charities in partnership with Baker Tilly, the AR Template sets out both the mandatory disclosure required by the Charities Act and Regulations, as well as best practices for transparency and disclosure. It serves as a comprehensive template which charities of all sizes can take reference from.
The AR template, serving as one of the COC's initiatives to uplift the capabilities of all charities in Singapore, provides useful guidance to charities in meeting their annual reporting requirements and imparts guidance on better presentation of information to facilitate understanding by their stakeholders. Our firm is pleased to be part of this initiative in co-developing the AR Template with the Commissioner of Charities and we trust it will be a useful guide for charities in their reporting requirements.
A digital copy of the AR Template can be downloaded via the Singapore Charity Portal: https://www.charities.gov.sg/News%20And%20Events/Pages/Overview.aspx.