In Partnership with Baker Tilly:
Commissioner of Charities Launch Annual Report Template
Above: Screenshots of the AR Template – Front cover, inside content and back page
Singapore, 18 July 2019 – On 17 July 2019, the Commissioner of Charities (“COC”) launched the Annual Report Illustrative Template Guide (“AR Template”) to guide charities on the preparation of annual reports. Developed by the COC 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.
Above, from left: Ms. Grace Fu, Minister for Culture, Community and Youth, giving the opening remarks at the launch event and Dr. Ang Hak Seng, Commissioner of Charities, presenting the AR Template to the audience.
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 honoured to be part of this initiative in co-developing the AR Template with the COC 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.
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NOTES TO EDITORS:
About the Commissioner of Charities
The objectives of the COC are:
- To maintain public trust and confidence in charities
- To promote compliance by governing board members and key officers with their legal obligations in exercising control and management of the administration of their charities
- To promote the effective use of charitable resources
- To enhance the accountability of charities to donors, beneficiaries and the general public
For more information, visit www.charities.gov.sg.
About Baker Tilly in Singapore
Baker Tilly in Singapore (“Baker Tilly”) is a full-service accounting and advisory firm that offers industry-specialised services in assurance, tax, deal advisory, governance and risk, restructuring and recovery, outsourcing and corporate secretarial services. We are one of the 10 largest accountancy and business advisory firms in Singapore and a member of Baker Tilly International, a top 10 global network of independent accounting and business advisory firms in 145 territories with 35,000 professionals. As of December 2018, the combined worldwide revenue of independent member firms is reported at US$3.6 billion.
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