The consultation has now closed, and OSCR has published a follow up report summarising the feedback and the way forward. In summary, the proposals are to:-
- change the content of the Annual Return that all charities complete and file with OSCR;
- publish charity annual reports and accounts on the Scottish Charity Register;
- develop a database of all charity trustees; and
- introduce a regime of Serious Incident Reporting where charities would be required to actively report such incidents occurring in their charity to OSCR.
OSCR reports that there was a "highly encouraging level of engagement in the consultation, with largely positive feedback on [its] proposals although some constructive comments and suggestions were received that will help us to progress and refine [its] proposals" and that charities should start to see changes during 2015-2016, with many of the bigger changes being implemented at the start of financial year 2016-2017. The changes are likely to require charities to review their internal processes, so we recommend trustees and members of senior management keep an eye on developments here.
For a short version of OSCR's report, click here.
OSCR has also recently closed its consultation on its revised 'Meeting the Charity Test' guidance, so watch out for the final revised guidance being published later this year.