Charities (Core
Financial Information) (Jersey) Regulations 2018
Official
Consolidated Version
This is an official
version of consolidated legislation compiled and issued under the authority of
the Legislation (Jersey) Law 2021.
15.070.30
Showing the law
from 1 January 2019 to Current
Charities (Core
Financial Information) (Jersey) Regulations 2018
1 Core financial
information defined
(1) In these Regulations
“core financial information” means a statement setting out, in
relation to an entity and a year –
(a) the
total amount of the entity’s income for the year;
(b) the
total amount of the entity’s expenditure for the year;
(c) the
total amount of the value of the money and valued assets held by the entity at
the start of the year;
(d) the
total amount of the value of the money and valued assets held by the entity at
the end of the year; and
(e) a
list of any other assets, or classes of assets, held by the entity at the end
of the year, giving –
(i) addresses for
land or other assets that have an address, and
(ii) brief
descriptions or other identifying details for other assets or classes of
assets.
(2) For the purpose of
paragraph (1) –
(a) “asset”
includes any asset of any form, without taking account of any liabilities;
(b) “valued
asset” means any asset in respect of which the entity is aware of the
asset’s value, or uses an estimate of the asset’s value for the
entity’s accounting purposes, at the relevant time.
2 Duty
to provide core financial information on application for registration
(1) An entity applying for
registration as a charity under the Charities (Jersey)
Law 2014 must provide to the Commissioner the core financial information in
relation to that entity and to the relevant year.
(2) The relevant year
is –
(a) if
the entity provides financial accounts under Article 11(2)(e)(i) of the Charities (Jersey)
Law 2014, the last financial year of the entity to which those accounts
relate;
(b) if
sub-paragraph (a) does not apply and the entity came into being less than
one year before the application, the period from the date on which the entity
came into being until a date chosen by the entity that is not more than
28 days before the date of the application; or
(c) if neither
of sub-paragraphs (a) and (b) applies, the year ending on the
31st December immediately preceding the date of the application.
3 Citation
These Regulations may be cited as the Charities (Core Financial
Information) (Jersey) Regulations 2018.